Edward Meyercord - Sep 13, 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: Sep 13, 2021
Transactions value $: -$191,360
Form type: 4
Date filed: 9/15/2021, 04:12 PM
Previous filing: Sep 2, 2021
Next filing: Oct 5, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EXTR	Common Stock	Options Exercise	$62.8K	+25K	+3.48%	$2.51^*	744K	Sep 13, 2021	Direct
transaction	EXTR	Common Stock	Sale	-$254K	-25K	-3.36%	$10.16	719K	Sep 13, 2021	Direct	F1, 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	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-25K	-25%	$0.00	75K	Sep 13, 2021	Common Stock	25K	$2.51	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Transaction pursuant to the Reporting Person's 10b5-1 Plan.
F2	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.97 to $10.25 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3	This Performance Option Grant vested monthly over 2 years from the date of Grant and was achieved after the Company's Common Stock closing price exceeded $4.50 for 30 consecutive trading days on January 20, 2017.