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.