Edward Meyercord - 15 Aug 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
Issuer symbol
EXTR
Transactions as of
15 Aug 2021
Net transactions value
-$653,784
Form type
4
Filing time
17 Aug 2021, 16:18:17 UTC
Previous filing
03 Aug 2021
Next filing
20 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +127,649 +19% $0.000000 785,899 15 Aug 2021 Direct F1
transaction EXTR Common Stock Tax liability $653,784 -59,166 -7.5% $11.05 726,733 15 Aug 2021 Direct F2

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 RSU Award Award $0 +312,500 $0.000000 312,500 15 Aug 2021 Common Stock 312,500 $0.000000 Direct F3
transaction EXTR Restricted Stock Units Options Exercise $0 -127,649 -33% $0.000000 255,681 15 Aug 2021 Common stock 127,649 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An additional 1,552 shares are included in this total, reflecting non-reportable purchase of 1,552 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).
F2 Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release
F3 This Time-based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.