Edward Meyercord - Aug 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
Aug 15, 2023
Transactions value $
-$9,314,109
Form type
4
Date filed
8/17/2023, 05:55 PM
Previous filing
Jun 9, 2023
Next filing
Nov 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +32K +5.23% $0.00 643K Aug 15, 2023 Direct F1
transaction EXTR Common Stock Tax liability -$403K -12.6K -1.96% $32.01 630K Aug 15, 2023 Direct F2
transaction EXTR Common Stock Options Exercise $0 +26.1K +4.13% $0.00 656K Aug 15, 2023 Direct
transaction EXTR Common Stock Tax liability -$328K -10.3K -1.56% $32.01 646K Aug 15, 2023 Direct F2
transaction EXTR Common Stock Options Exercise $0 +154K +23.91% $0.00 800K Aug 15, 2023 Direct
transaction EXTR Common Stock Tax liability -$1.95M -60.8K -7.59% $32.01 740K Aug 15, 2023 Direct F2
transaction EXTR Common Stock Options Exercise $0 +319K +43.19% $0.00 1.06M Aug 16, 2023 Direct
transaction EXTR Common Stock Tax liability -$3.67M -126K -11.87% $29.17 933K Aug 16, 2023 Direct F2
transaction EXTR Common Stock Options Exercise $0 +104K +11.17% $0.00 1.04M Aug 16, 2023 Direct
transaction EXTR Common Stock Tax liability -$1.2M -41K -3.95% $29.17 997K Aug 16, 2023 Direct F2
transaction EXTR Common Stock Options Exercise $0 +155K +15.51% $0.00 1.15M Aug 16, 2023 Direct
transaction EXTR Common Stock Tax liability -$1.77M -60.8K -5.29% $29.17 1.09M Aug 16, 2023 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 -32K -100% $0.00* 0 Aug 15, 2023 Common Stock 32K $0.00 Direct F3
transaction EXTR Restricted Stock Units Options Exercise $0 -26.1K -20% $0.00 104K Aug 15, 2023 Common Stock 26.1K $0.00 Direct F3
transaction EXTR Restricted Stock Units Options Exercise $0 -154K -33.3% $0.00 309K Aug 15, 2023 Common Stock 154K $0.00 Direct F3
transaction EXTR Restricted Stock Units Award $0 +141K $0.00 141K Aug 15, 2023 Common Stock 141K $0.00 Direct F3
transaction EXTR Performance Shares Award $0 +141K $0.00 141K Aug 15, 2023 Common Stock 141K $0.00 Direct F4
transaction EXTR Performance Shares Award $0 +319K $0.00 319K Aug 16, 2023 Common Stock 319K $0.00 Direct F5
transaction EXTR Performance Shares Options Exercise $0 -319K -100% $0.00* 0 Aug 16, 2023 Common Stock 319K $0.00 Direct F5
transaction EXTR Performance Shares Award $0 +104K $0.00 104K Aug 16, 2023 Common Stock 104K $0.00 Direct F6
transaction EXTR Performance Shares Options Exercise $0 -104K -100% $0.00* 0 Aug 16, 2023 Common Stock 104K $0.00 Direct F6
transaction EXTR Performance Shares Award $0 +155K $0.00 155K Aug 16, 2023 Common Stock 155K $0.00 Direct F7
transaction EXTR Performance Shares Options Exercise $0 -155K -100% $0.00* 0 Aug 16, 2023 Common Stock 155K $0.00 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An additional 381 shares are included in this total, reflecting non-reportable purchase of 381 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 This performance award may be achieved if the average 30-day trading price of EXTR meets certain targets during a 4 year period.
F5 Represents one tranche of a performance award granted on 08/15/2020. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/16/2023.
F6 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 8/16/2023.
F7 Represents one tranche of a performance award granted on 08/15/2022. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/16/2023.