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

Signature
/s/ Katayoun "Katy" Motiey, Power of Attorney for Joseph A. Vitalone
Stock symbol
EXTR
Transactions as of
Sep 15, 2023
Transactions value $
-$1,068,971
Form type
4
Date filed
9/18/2023, 04:09 PM
Previous filing
Aug 17, 2023
Next filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Sale -$1.07M -45.1K -29.49% $23.71 108K Sep 15, 2023 by Trust F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Adoption date of referenced 10b5-1(c) plan is: 05-26-2023
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.47 to $23.84 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 Shares are held in the Vitalone Living Trust U/A DTD 06/01/2022, Joseph and Joanne Vitalone Trustees.