Marthi Raghu 4
4 · DZS INC. · Filed Sep 23, 2024
Insider Transaction Report
Form 4
DZS INC.DZSI
Marthi Raghu
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2024-09-20$0.60/sh−2,936$1,762→ 55,845 total - Exercise/Conversion
Common Stock
2024-09-20+8,750→ 58,781 total - Exercise/Conversion
Restricted Stock Units
2024-09-20−8,750→ 8,750 total→ Common Stock (8,750 underlying)
Footnotes (2)
- [F1]This represents the third vesting on September 20, 2024 in the amount of 8,750 units for a total amount vested of 26,250 of the restricted stock units issued on September 20, 2021. The remaining vesting will occur on September 20, 2025, subject to the reporting person's continued employment with the issuer on such vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
- [F2]Shares withheld by DZS to satisfy tax withholding requirements on vesting of restricted stock.