Form 4: DZS Inc. Chief Marketing Officer Gunter Reiss Reports Stock Transactions

Chief Marketing Officer Gunter Reiss reports the vesting of restricted stock units and subsequent tax withholding by DZS Inc.

Summary

• On July 1, 2024, Gunter Reiss, Chief Marketing Officer of DZS Inc., reported the vesting of 5,000 restricted stock units.
• These units are part of an award issued on July 1, 2022, with remaining vesting scheduled for July 1, 2025.
• The vesting represents the right to receive one share of DZS Inc.'s common stock per unit.
• DZS Inc. withheld 2,143 shares to satisfy tax withholding requirements at a price of $1.16 per share.
• Following these transactions, Reiss directly owns 16,562 shares of DZS Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine insider transaction filing, indicating a neutral sentiment. It reflects standard compensation practices and does not inherently suggest positive or negative implications for the company's performance.

Future Outlook

The remaining vesting of restricted stock units is scheduled for July 1, 2025, contingent upon continued employment with DZS Inc.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• Shareholders are informed about insider transactions, providing transparency into management's stock ownership.
• Employees may be impacted by the vesting of stock options and restricted stock units, which can affect morale and retention.

Key Dates