Joseph A. Vitalone - 15 Aug 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
Issuer symbol: EXTR
Transactions as of: 15 Aug 2022
Net transactions value: -$271,744
Form type: 4
Filing time: 17 Aug 2022, 18:58:28 UTC
Previous filing: 02 Aug 2022
Next filing: 30 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EXTR	Common Stock	Options Exercise	$0	+24,975	+54%	$0.000000	71,352	15 Aug 2022	Direct	F1
transaction	EXTR	Common Stock	Tax liability	$137,789	-9,828	-14%	$14.02	61,524	15 Aug 2022	Direct	F2
transaction	EXTR	Common Stock	Options Exercise	$0	+24,974	+41%	$0.000000	86,498	16 Aug 2022	Direct
transaction	EXTR	Common Stock	Tax liability	$133,956	-9,828	-11%	$13.63	76,670	16 Aug 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	-24,975	-33%	$0.000000	50,025	15 Aug 2022	Common Stock	24,975	$0.000000	Direct	F3
transaction	EXTR	Restricted Stock Units	Award	$0	+95,886		$0.000000	95,886	15 Aug 2022	Common Stock	95,886	$0.000000	Direct	F3
transaction	EXTR	Performance Shares	Award	$0	+24,974		$0.000000	24,974	16 Aug 2022	Common Stock	24,974	$0.000000	Direct	F4
transaction	EXTR	Performance Shares	Options Exercise	$0	-24,974	-100%	$0.000000^*	0	16 Aug 2022	Common Stock	24,974	$0.000000	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.