Barbara Carbone - 31 Mar 2021 Form 4 Insider Report for DZS INC. (DZSI)

Role: Director
Signature: /s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol: DZSI
Transactions as of: 31 Mar 2021
Transactions value $: $0
Form type: 4
Filing time: 02 Jul 2021, 15:00:46 UTC
Next filing: 21 May 2021
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	+1,068		$0	1,068	31 Mar 2021	Direct	F1
transaction	DZSI	Common Stock	Options Exercise	$0	+1,068	+100%	$0	2,136	30 Jun 2021	Direct	F1

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		-1,068	-25%		3,207	31 Mar 2021	Common Stock	1,068		Direct	F1
transaction	DZSI	Restricted Stock Units	Options Exercise		-1,068	-33%		2,139	30 Jun 2021	Common Stock	1,068		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 first vesting on March 31, 2021 in the amount of 1,068 units and the second vesting on June 30, 2021 in the amount of 1,068 shares for a total amount vested of 2,136 of the restricted stock units issued on January 4, 2021. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.