Edward Meyercord - 30 Nov 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
30 Nov 2021
Net transactions value
-$824,898
Form type
4
Filing time
02 Dec 2021, 15:20:19 UTC
Previous filing
16 Nov 2021
Next filing
10 Dec 2021
SEC
View on sec.gov

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Quoteable Key Fact

"Edward Meyercord filed Form 4 for EXTREME NETWORKS INC (EXTR) on 02 Dec 2021."

Quick Takeaways

  • This page summarizes Edward Meyercord's Form 4 filing for EXTREME NETWORKS INC (EXTR).
  • 10 reported transactions and 3 derivative rows are listed below.
  • Filing timestamp: 02 Dec 2021, 15:20.

What Changed

  • Previous filing in this sequence was filed on 16 Nov 2021.
  • Current net transaction value: -$824,898.

Why This Matters

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +22,285 +3% $0.000000 758,237 30 Nov 2021 Direct
transaction EXTR Common Stock Tax liability $139,455 -10,330 -1.4% $13.50 747,907 30 Nov 2021 Direct F1
transaction EXTR Common Stock Options Exercise $62,750 +25,000 +3.3% $2.51* 772,907 01 Dec 2021 Direct
transaction EXTR Common Stock Sale $268,042 -20,107 -2.6% $13.33 752,800 01 Dec 2021 Direct F2, F3
transaction EXTR Common Stock Sale $68,257 -4,893 -0.65% $13.95 747,907 01 Dec 2021 Direct F2, F4
transaction EXTR Common Stock Options Exercise $89,871 +35,805 +4.8% $2.51* 783,712 01 Dec 2021 Direct
transaction EXTR Common Stock Sale $501,764 -35,805 -4.6% $14.01 747,907 01 Dec 2021 Direct F2, F5

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 -22,285 -25% $0.000000 66,858 30 Nov 2021 Common stock 22,285 $0.000000 Direct F6
transaction EXTR Non-Qualified Stock Option (right to buy) Options Exercise $0 -25,000 -100% $0.000000* 0 01 Dec 2021 Common Stock 25,000 $2.51 Direct F7
transaction EXTR Non-Qualified Stock Option (right to buy) Options Exercise $0 -35,805 -12% $0.000000 264,195 01 Dec 2021 Common Stock 35,805 $2.51 Direct F8
* 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 Transaction pursuant to the Reporting Person's 10b5-1 Plan.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.83 to $13.82 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.84 to $14.00 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.06 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.
F6 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.
F7 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.
F8 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 $5.50 for 30 consecutive trading days on March 16, 2017.

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