Edward Meyercord - Nov 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
Nov 15, 2023
Transactions value $
-$436,064
Form type
4
Date filed
11/16/2023, 04:51 PM
Previous filing
Nov 9, 2023
Next filing
Dec 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +26.1K +2.39% $0.00 1.12M Nov 15, 2023 Direct
transaction EXTR Common Stock Tax liability -$176K -10.3K -0.92% $17.12 1.11M Nov 15, 2023 Direct F1
transaction EXTR Common Stock Options Exercise $0 +38.7K +3.5% $0.00 1.14M Nov 15, 2023 Direct
transaction EXTR Common Stock Tax liability -$261K -15.2K -1.33% $17.12 1.13M Nov 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 -26.1K -25% $0.00 78.2K Nov 15, 2023 Common Stock 26.1K $0.00 Direct F2
transaction EXTR Restricted Stock Units Options Exercise $0 -38.7K -12.5% $0.00 271K Nov 15, 2023 Common Stock 38.7K $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.