Charles D. Vogt - May 30, 2023 Form 4 Insider Report for DZS INC. (DZSI)

Role: President & CEO, Director
Signature: /s/Laura Larsen-Misunas as Power of Attorney
Stock symbol: DZSI
Transactions as of: May 30, 2023
Transactions value $: -$50,123
Form type: 4
Date filed: 6/1/2023, 04:54 PM
Previous filing: Feb 23, 2023
Next filing: Jun 13, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DZSI	Common Stock	Options Exercise	$0	+18.4K	+21.97%	$0.00	102K	May 30, 2023	Direct	F1
transaction	DZSI	Common Stock	Tax liability	-$50.1K	-7.84K	-7.68%	$6.39	94.3K	May 30, 2023	Direct	F2

Showing 1 to 2 of 2 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DZSI	Restricted Stock Units	Options Exercise		-18.4K	-100%		0	May 30, 2023	Common Stock	18.4K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This represents the vesting on May 30, 2023 in the amount of 18,391 units for a total amount vested of 18,391 of the restricted stock units issued on May 30,2022.
F2	Shares withheld by DZS to satisfy tax withholding requirements on vesting of restricted stock.