Edward Meyercord - Aug 15, 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
Aug 15, 2021
Transactions value $
-$653,784
Form type
4
Date filed
8/17/2021, 04:18 PM
Previous filing
Aug 3, 2021
Next filing
Aug 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +128K +19.39% $0.00 786K Aug 15, 2021 Direct F1
transaction EXTR Common Stock Tax liability -$654K -59.2K -7.53% $11.05 727K Aug 15, 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 +313K $0.00 313K Aug 15, 2021 Common Stock 313K $0.00 Direct F3
transaction EXTR Restricted Stock Units Options Exercise $0 -128K -33.3% $0.00 256K Aug 15, 2021 Common stock 128K $0.00 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.