Edward Meyercord - May 15, 2023 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Katayoun "Katy" Motiey, Power of Attorney for Ed Meyercord
Stock symbol
EXTR
Transactions as of
May 15, 2023
Transactions value $
-$383,772
Form type
4
Date filed
5/16/2023, 04:25 PM
Previous filing
Feb 17, 2023
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +32K +3.65% $0.00 907K May 15, 2023 Direct
transaction EXTR Common Stock Tax liability -$211K -12.6K -1.39% $16.81 895K May 15, 2023 Direct F1
transaction EXTR Common Stock Options Exercise $0 +26.1K +2.91% $0.00 921K May 15, 2023 Direct
transaction EXTR Common Stock Tax liability -$172K -10.3K -1.11% $16.81 910K May 15, 2023 Direct F1

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 -50% $0.00 32K May 15, 2023 Common Stock 32K $0.00 Direct F2
transaction EXTR Restricted Stock Units Options Exercise $0 -26.1K -16.67% $0.00 130K May 15, 2023 Common Stock 26.1K $0.00 Direct F2
* 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 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.