Edward Meyercord - Jul 26, 2021 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Role: PRESIDENT AND CEO, Director
Signature: /s/ Katy Motiey, Power of Attorney for Ed Meyercord
Stock symbol: EXTR
Transactions as of: Jul 26, 2021
Transactions value $: -$605,355
Form type: 4
Date filed: 7/30/2021, 06:08 PM
Previous filing: Jul 2, 2021
Next filing: Aug 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EXTR	Common Stock	Options Exercise	$0	+127K	+21.66%	$0.00	716K	Jul 26, 2021	Direct
transaction	EXTR	Common Stock	Tax liability	-$605K	-59.1K	-8.25%	$10.25	657K	Jul 26, 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	EXTR	Performances Shares	Options Exercise	$0	-127K	-91.66%	$0.00	11.6K	Jul 26, 2021	Common stock	127K	$0.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release
F2	Performance Stock Unit shares were earned upon achieving performance goal of $0.09 combined GAAP earnings over two consecutive quarters. Earned shares vest as to 1/3 on 8/31/2019 and 1/12 each quarter thereafter, provided, however, that shares earned after the one-year anniversary will vest ratably based on the time elapsed from 8/31/2018 until the hurdle date, and then quarterly thereafter.