Edward Meyercord - 31 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: 31 Aug 2021
Net transactions value: -$228,231
Form type: 4
Filing time: 02 Sep 2021, 17:49:07 UTC
Previous filing: 20 Aug 2021
Next filing: 15 Sep 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	+11,590	+1.7%	$0.000000	706,004	31 Aug 2021	Direct
transaction	EXTR	Common Stock	Tax liability	$58,179	-5,372	-0.76%	$10.83	700,632	31 Aug 2021	Direct	F1
transaction	EXTR	Common Stock	Options Exercise	$0	+11,590	+1.7%	$0.000000	712,222	31 Aug 2021	Direct
transaction	EXTR	Common Stock	Tax liability	$58,179	-5,372	-0.75%	$10.83	706,850	31 Aug 2021	Direct	F1
transaction	EXTR	Common Stock	Options Exercise	$0	+22,286	+3.2%	$0.000000	729,136	31 Aug 2021	Direct
transaction	EXTR	Common Stock	Tax liability	$111,874	-10,330	-1.4%	$10.83	718,806	31 Aug 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	Restricted Stock Units	Options Exercise	$0	-11,590	-100%	$0.000000^*	0	31 Aug 2021	Common stock	11,590	$0.000000	Direct	F2
transaction	EXTR	Performance Shares	Options Exercise	$0	-11,590	-100%	$0.000000^*	0	31 Aug 2021	Common Stock	11,590	$0.000000	Direct	F3
transaction	EXTR	Restricted Stock Units	Options Exercise	$0	-22,286	-20%	$0.000000	89,143	31 Aug 2021	Common stock	22,286	$0.000000	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	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.
F3	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.