Remi Thomas - Aug 31, 2022 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Role
EVP Chief Financial Officer
Signature
/s/ Katayoun "Katy" Motiey, Power of Attorney for Remi Thomas
Stock symbol
EXTR
Transactions as of
Aug 31, 2022
Transactions value $
-$228,999
Form type
4
Date filed
9/2/2022, 04:07 PM
Previous filing
Aug 17, 2022
Next filing
Nov 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +12.5K +9.58% $0.00 143K Aug 31, 2022 Direct
transaction EXTR Common Stock Tax liability -$88.5K -6.18K -4.33% $14.33 136K Aug 31, 2022 Direct F1
transaction EXTR Common Stock Sale -$141K -10K -7.33% $14.05 126K Sep 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 RSU Award Options Exercise $0 -12.5K -100% $0.00* 0 Aug 31, 2022 Common Stock 12.5K $0.00 Direct F4
* 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 $14.00 to $14.15 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.