Edward Meyercord - Nov 30, 2021 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Signature
/s/ Katy Motiey, Power of Attorney for Ed Meyercord
Stock symbol
EXTR
Transactions as of
Nov 30, 2021
Transactions value $
-$824,898
Form type
4
Date filed
12/2/2021, 03:20 PM
Previous filing
Nov 16, 2021
Next filing
Dec 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +22.3K +3.03% $0.00 758K Nov 30, 2021 Direct
transaction EXTR Common Stock Tax liability -$139K -10.3K -1.36% $13.50 748K Nov 30, 2021 Direct F1
transaction EXTR Common Stock Options Exercise $62.8K +25K +3.34% $2.51* 773K Dec 1, 2021 Direct
transaction EXTR Common Stock Sale -$268K -20.1K -2.6% $13.33 753K Dec 1, 2021 Direct F2, F3
transaction EXTR Common Stock Sale -$68.3K -4.89K -0.65% $13.95 748K Dec 1, 2021 Direct F2, F4
transaction EXTR Common Stock Options Exercise $89.9K +35.8K +4.79% $2.51* 784K Dec 1, 2021 Direct
transaction EXTR Common Stock Sale -$502K -35.8K -4.57% $14.01 748K Dec 1, 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 -22.3K -25% $0.00 66.9K Nov 30, 2021 Common stock 22.3K $0.00 Direct F6
transaction EXTR Non-Qualified Stock Option (right to buy) Options Exercise $0 -25K -100% $0.00* 0 Dec 1, 2021 Common Stock 25K $2.51 Direct F7
transaction EXTR Non-Qualified Stock Option (right to buy) Options Exercise $0 -35.8K -11.94% $0.00 264K Dec 1, 2021 Common Stock 35.8K $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.