Edward Meyercord - Aug 15, 2022 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Lily Kang, Power of Attorney for Ed Meyercord
Stock symbol
EXTR
Transactions as of
Aug 15, 2022
Transactions value $
-$2,449,936
Form type
4
Date filed
8/17/2022, 06:56 PM
Previous filing
Jun 1, 2022
Next filing
Sep 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +32K +3.96% $0.00 839K Aug 15, 2022 Direct F1
transaction EXTR Common Stock Tax liability -$217K -15.5K -1.84% $14.02 824K Aug 15, 2022 Direct F2
transaction EXTR Common Stock Options Exercise $0 +104K +12.63% $0.00 928K Aug 15, 2022 Direct
transaction EXTR Common Stock Tax liability -$705K -50.3K -5.42% $14.02 878K Aug 15, 2022 Direct F2
transaction EXTR Common Stock Options Exercise $0 +128K +14.56% $0.00 1.01M Aug 16, 2022 Direct
transaction EXTR Common Stock Tax liability -$842K -61.8K -6.15% $13.63 944K Aug 16, 2022 Direct F2
transaction EXTR Common Stock Options Exercise $0 +104K +11.03% $0.00 1.05M Aug 16, 2022 Direct
transaction EXTR Common Stock Tax liability -$686K -50.3K -4.8% $13.63 997K Aug 16, 2022 Direct 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 Restricted Stock Units Options Exercise $0 -32K -20% $0.00 128K Aug 15, 2022 Common stock 32K $0.00 Direct F3
transaction EXTR Restricted Stock Units Options Exercise $0 -104K -33.3% $0.00 208K Aug 15, 2022 Common stock 104K $0.00 Direct F3
transaction EXTR Restricted Stock Units Award $0 +464K $0.00 464K Aug 15, 2022 Common Stock 464K $0.00 Direct F3
transaction EXTR Performance Shares Award $0 +128K $0.00 128K Aug 16, 2022 Common Stock 128K $0.00 Direct F4
transaction EXTR Performance Shares Options Exercise $0 -128K -100% $0.00* 0 Aug 16, 2022 Common Stock 128K $0.00 Direct F4
transaction EXTR Performance Shares Award $0 +104K $0.00 104K Aug 16, 2022 Common Stock 104K $0.00 Direct F5
transaction EXTR Performance Shares Options Exercise $0 -104K -100% $0.00* 0 Aug 16, 2022 Common Stock 104K $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An additional 583 shares are included in this total, reflecting non-reportable purchase of 583 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).
F2 Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release
F3 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.
F4 Represents one tranche of a performance award granted on 08/15/2020. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/16/2022.
F5 Represents one tranche of a performance award granted on 08/15/2021. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/16/2022.