Edward Meyercord - Aug 31, 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 31, 2021
Transactions value $
-$228,231
Form type
4
Date filed
9/2/2021, 05:49 PM
Previous filing
Aug 20, 2021
Next filing
Sep 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +11.6K +1.67% $0.00 706K Aug 31, 2021 Direct
transaction EXTR Common Stock Tax liability -$58.2K -5.37K -0.76% $10.83 701K Aug 31, 2021 Direct F1
transaction EXTR Common Stock Options Exercise $0 +11.6K +1.65% $0.00 712K Aug 31, 2021 Direct
transaction EXTR Common Stock Tax liability -$58.2K -5.37K -0.75% $10.83 707K Aug 31, 2021 Direct F1
transaction EXTR Common Stock Options Exercise $0 +22.3K +3.15% $0.00 729K Aug 31, 2021 Direct
transaction EXTR Common Stock Tax liability -$112K -10.3K -1.42% $10.83 719K Aug 31, 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 -11.6K -100% $0.00* 0 Aug 31, 2021 Common stock 11.6K $0.00 Direct F2
transaction EXTR Performance Shares Options Exercise $0 -11.6K -100% $0.00* 0 Aug 31, 2021 Common Stock 11.6K $0.00 Direct F3
transaction EXTR Restricted Stock Units Options Exercise $0 -22.3K -20% $0.00 89.1K Aug 31, 2021 Common stock 22.3K $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 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.