Joseph A. Vitalone - Aug 15, 2022 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Role
Chief Revenue Officer
Signature
/s/ Lily Kang, Power of Attorney for Joseph A. Vitalone
Stock symbol
EXTR
Transactions as of
Aug 15, 2022
Transactions value $
-$271,744
Form type
4
Date filed
8/17/2022, 06:58 PM
Previous filing
Aug 2, 2022
Next filing
Aug 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +25K +53.85% $0.00 71.4K Aug 15, 2022 Direct F1
transaction EXTR Common Stock Tax liability -$138K -9.83K -13.77% $14.02 61.5K Aug 15, 2022 Direct F2
transaction EXTR Common Stock Options Exercise $0 +25K +40.59% $0.00 86.5K Aug 16, 2022 Direct
transaction EXTR Common Stock Tax liability -$134K -9.83K -11.36% $13.63 76.7K 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 -25K -33.3% $0.00 50K Aug 15, 2022 Common Stock 25K $0.00 Direct F3
transaction EXTR Restricted Stock Units Award $0 +95.9K $0.00 95.9K Aug 15, 2022 Common Stock 95.9K $0.00 Direct F3
transaction EXTR Performance Shares Award $0 +25K $0.00 25K Aug 16, 2022 Common Stock 25K $0.00 Direct F4
transaction EXTR Performance Shares Options Exercise $0 -25K -100% $0.00* 0 Aug 16, 2022 Common Stock 25K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An additional 1,398 shares are included in this total, reflecting non-reportable purchase of 1,398 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 08/15/2021. 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.