Joseph A. Vitalone - Aug 15, 2023 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Role
Chief Revenue Officer
Signature
/s/ Katayoun "Katy" Motiey, Power of Attorney for Joseph A. Vitalone
Stock symbol
EXTR
Transactions as of
Aug 15, 2023
Transactions value $
-$1,135,003
Form type
4
Date filed
8/17/2023, 05:56 PM
Previous filing
Jul 17, 2023
Next filing
Sep 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +6.25K +6.57% $0.00 101K Aug 15, 2023 by Trust F1, F2
transaction EXTR Common Stock Tax liability -$78.8K -2.46K -2.43% $32.01 99K Aug 15, 2023 by Trust F2, F3
transaction EXTR Common Stock Options Exercise $0 +31.9K +32.26% $0.00 131K Aug 15, 2023 by Trust F2
transaction EXTR Common Stock Tax liability -$402K -12.6K -9.6% $32.01 118K Aug 15, 2023 by Trust F2, F3
transaction EXTR Common Stock Options Exercise $0 +25K +21.14% $0.00 143K Aug 16, 2023 by Trust F2
transaction EXTR Common Stock Tax liability -$287K -9.84K -6.87% $29.17 134K Aug 16, 2023 by Trust F2, F3
transaction EXTR Common Stock Options Exercise $0 +32K +23.94% $0.00 165K Aug 16, 2023 by Trust F2
transaction EXTR Common Stock Tax liability -$367K -12.6K -7.6% $29.17 153K Aug 16, 2023 by Trust 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 -6.25K -20% $0.00 25K Aug 15, 2023 Common Stock 6.25K $0.00 Direct F4
transaction EXTR RSU Award Options Exercise $0 -31.9K -33.3% $0.00 64K Aug 15, 2023 Common Stock 31.9K $0.00 Direct F4
transaction EXTR RSU Award Award $0 +46.9K $0.00 46.9K Aug 15, 2023 Common Stock 46.9K $0.00 Direct F4
transaction EXTR Performance Award Award $0 +25K $0.00 25K Aug 16, 2023 Common Stock 25K $0.00 Direct F5
transaction EXTR Performance Award Options Exercise $0 -25K -100% $0.00* 0 Aug 16, 2023 Common Stock 25K $0.00 Direct F5
transaction EXTR Performance Award Award $0 +32K $0.00 32K Aug 16, 2023 Common Stock 32K $0.00 Direct F5, F6
transaction EXTR Performance Award Options Exercise $0 -32K -100% $0.00* 0 Aug 16, 2023 Common Stock 32K $0.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An additional 762 shares are included in this total, reflecting non-reportable purchase of 762 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).
F2 Shares are held in the Vitalone Living Trust, Joseph and Joanne Vitalone Trustees.
F3 Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
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.
F5 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.
F6 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.