Edward Meyercord - Aug 18, 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 18, 2021
Transactions value $
-$614,756
Form type
4
Date filed
8/20/2021, 04:34 PM
Previous filing
Aug 17, 2021
Next filing
Sep 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +128K +17.58% $0.00 855K Aug 18, 2021 Direct
transaction EXTR Common Stock Tax liability -$615K -59.2K -6.93% $10.38 795K Aug 18, 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 Performance Shares Award $0 +128K $0.00 128K Aug 18, 2021 Common Stock 128K $0.00 Direct F2
transaction EXTR Performance Shares Options Exercise $0 -128K -100% $0.00* 0 Aug 18, 2021 Common stock 128K $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 Represents one tranche of a performance award granted on 08/15/2020. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/18/2021.