Edward Meyercord - Feb 28, 2022 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
Feb 28, 2022
Transactions value $
-$334,074
Form type
4
Date filed
3/2/2022, 06:21 PM
Previous filing
Feb 16, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +22.3K +2.91% $0.00 789K Feb 28, 2022 Direct
transaction EXTR Common Stock Tax liability -$119K -10.3K -1.31% $11.49 779K Feb 28, 2022 Direct F1
transaction EXTR Common Stock Options Exercise $62.8K +25K +3.21% $2.51* 804K Mar 1, 2022 Direct
transaction EXTR Common Stock Sale -$278K -25K -3.11% $11.13 779K Mar 1, 2022 Direct F2, F3

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 -33.33% $0.00 44.6K Feb 28, 2022 Common stock 22.3K $0.00 Direct F4
transaction EXTR Non-Qualified Stock Option (right to buy) Options Exercise $0 -25K -50% $0.00 25K Mar 1, 2022 Common Stock 25K $2.51 Direct F5
* 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 $10.84 to $11.8399 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 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.
F5 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.