Edward Meyercord - 15 Aug 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
Issuer symbol
EXTR
Transactions as of
15 Aug 2023
Net transactions value
-$9,314,109
Form type
4
Filing time
17 Aug 2023, 17:55:48 UTC
Previous filing
09 Jun 2023
Next filing
09 Nov 2023
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 +31,961 +5.2% $0.000000 642,727 15 Aug 2023 Direct F1
transaction EXTR Common Stock Tax liability $402,590 -12,577 -2% $32.01 630,150 15 Aug 2023 Direct F2
transaction EXTR Common Stock Options Exercise $0 +26,055 +4.1% $0.000000 656,205 15 Aug 2023 Direct
transaction EXTR Common Stock Tax liability $328,199 -10,253 -1.6% $32.01 645,952 15 Aug 2023 Direct F2
transaction EXTR Common Stock Options Exercise $0 +154,461 +24% $0.000000 800,413 15 Aug 2023 Direct
transaction EXTR Common Stock Tax liability $1,945,600 -60,781 -7.6% $32.01 739,632 15 Aug 2023 Direct F2
transaction EXTR Common Stock Options Exercise $0 +319,442 +43% $0.000000 1,059,074 16 Aug 2023 Direct
transaction EXTR Common Stock Tax liability $3,666,698 -125,701 -12% $29.17 933,373 16 Aug 2023 Direct F2
transaction EXTR Common Stock Options Exercise $0 +104,218 +11% $0.000000 1,037,591 16 Aug 2023 Direct
transaction EXTR Common Stock Tax liability $1,196,262 -41,010 -4% $29.17 996,581 16 Aug 2023 Direct F2
transaction EXTR Common Stock Options Exercise $0 +154,615 +16% $0.000000 1,151,196 16 Aug 2023 Direct
transaction EXTR Common Stock Tax liability $1,774,761 -60,842 -5.3% $29.17 1,090,354 16 Aug 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 -31,961 -100% $0.000000* 0 15 Aug 2023 Common Stock 31,961 $0.000000 Direct F3
transaction EXTR Restricted Stock Units Options Exercise $0 -26,055 -20% $0.000000 104,219 15 Aug 2023 Common Stock 26,055 $0.000000 Direct F3
transaction EXTR Restricted Stock Units Options Exercise $0 -154,461 -33% $0.000000 309,384 15 Aug 2023 Common Stock 154,461 $0.000000 Direct F3
transaction EXTR Restricted Stock Units Award $0 +140,581 $0.000000 140,581 15 Aug 2023 Common Stock 140,581 $0.000000 Direct F3
transaction EXTR Performance Shares Award $0 +140,581 $0.000000 140,581 15 Aug 2023 Common Stock 140,581 $0.000000 Direct F4
transaction EXTR Performance Shares Award $0 +319,442 $0.000000 319,442 16 Aug 2023 Common Stock 319,442 $0.000000 Direct F5
transaction EXTR Performance Shares Options Exercise $0 -319,442 -100% $0.000000* 0 16 Aug 2023 Common Stock 319,442 $0.000000 Direct F5
transaction EXTR Performance Shares Award $0 +104,218 $0.000000 104,218 16 Aug 2023 Common Stock 104,218 $0.000000 Direct F6
transaction EXTR Performance Shares Options Exercise $0 -104,218 -100% $0.000000* 0 16 Aug 2023 Common Stock 104,218 $0.000000 Direct F6
transaction EXTR Performance Shares Award $0 +154,615 $0.000000 154,615 16 Aug 2023 Common Stock 154,615 $0.000000 Direct F7
transaction EXTR Performance Shares Options Exercise $0 -154,615 -100% $0.000000* 0 16 Aug 2023 Common Stock 154,615 $0.000000 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.