Form 4: DZS Inc. COO Raghu Marthi Reports Stock Transactions

Raghu Marthi, Chief Operating Officer of DZS Inc., reports the vesting of restricted stock units and shares withheld for tax obligations.

Summary

• On July 1, 2024, Raghu Marthi, the Chief Operating Officer of DZS Inc., had 6,666 restricted stock units vest.
• These units are part of an award issued on July 1, 2022, and represent the right to receive one share of DZS Inc.'s common stock per unit upon vesting.
• A total of 13,332 units have vested so far, with the remaining units scheduled to vest on July 1, 2025, contingent upon continued employment.
• Additionally, 2,177 shares were withheld by DZS Inc. to cover tax obligations related to the vesting of the restricted stock units at a price of $1.16.
• Following these transactions, Marthi directly owns 33,194 shares of DZS Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions, indicating a neutral sentiment.

Future Outlook

The remaining restricted stock units will vest on July 1, 2025, subject to the reporting person's continued employment with the issuer on such vesting date.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The vesting of stock units and subsequent tax withholding may have a minor impact on the company's cash flow and share dilution.

Key Dates