4/A: DZS Inc. Director Woong Ji Choi Reports Beneficial Ownership Changes in Amended SEC Filing

Woong Ji Choi, a director and 10% owner of DZS Inc., filed an amended SEC Form 4/A reporting changes in beneficial ownership, including the vesting of restricted stock units and indirect ownership through IV Global Fund No. 4.

Summary

• Woong Ji Choi, a director and 10% owner of DZS Inc. (DZSI), filed an amended SEC Form 4/A on October 8, 2024.
• The amendment updates a previous filing from October 2, 2024, to include details about indirect ownership of shares held by IV Global Fund No. 4.
• The report indicates the vesting of 25,000 restricted stock units on September 30, 2024, representing the second vesting and bringing the total vested units to 75,000.
• Choi also indirectly owns 5,434,783 shares through IV Global Fund No. 4, where he serves as CEO of the general partner, Invites Ventures Co., Ltd.
• Choi disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
• The amendment also corrects the spelling of Choi's name and clarifies his relationship to DZS Inc. as both a director and a 10% owner.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and ownership changes, which is common for publicly traded companies like DZS Inc.

Key Dates