Edward Meyercord - Nov 11, 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
Nov 11, 2022
Transactions value $
-$595,392
Form type
4
Date filed
11/15/2022, 05:32 PM
Previous filing
Oct 28, 2022
Next filing
Nov 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Sale -$79.8K -4.2K -0.46% $19.00 905K Nov 11, 2022 Direct F1, F2
transaction EXTR Common Stock Options Exercise $0 +32K +3.53% $0.00 937K Nov 15, 2022 Direct
transaction EXTR Common Stock Tax liability -$284K -15.5K -1.65% $18.38 921K Nov 15, 2022 Direct
transaction EXTR Common Stock Options Exercise $0 +26.1K +2.83% $0.00 947K Nov 15, 2022 Direct
transaction EXTR Common Stock Tax liability -$232K -12.6K -1.33% $18.38 935K Nov 15, 2022 Direct

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 -25% $0.00 95.9K Nov 15, 2022 Common Stock 32K $0.00 Direct F3
transaction EXTR Restricted Stock Units Options Exercise $0 -26.1K -12.5% $0.00 182K Nov 15, 2022 Common Stock 26.1K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction pursuant to the Reporting Person's 10b5-1 Plan.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.00 to $19.04 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.
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.