Katayoun Motiey - 08 Jan 2024 Form 3 Insider Report for EXTREME NETWORKS INC (EXTR)

Role
Chief Legal Admin Sust Officer
Signature
/s/ Katayoun "Katy" Motiey
Issuer symbol
EXTR
Transactions as of
08 Jan 2024
Net transactions value
$0
Form type
3
Filing time
18 Jan 2024, 16:11:05 UTC
Next filing
16 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EXTR Common Stock 95,977 08 Jan 2024 Direct

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
holding EXTR Non-Qualified Stock Option (right ot buy) 08 Jan 2024 Common Stock 71,800 $6.40 Direct F1
holding EXTR Restricted Stock Units 08 Jan 2024 Common Stock 12,507 $0.000000 Direct F2
holding EXTR Restricted Stock Units 08 Jan 2024 Common Stock 37,303 $0.000000 Direct F2
holding EXTR Restricted Stock Units 08 Jan 2024 Common Stock 31,240 $0.000000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Performance Stock Option Grant was achieved after the Company's Common Stock closing price exceeded $10.00 for 30 consecutive trading days on June 25, 2021. Once earned, the shares vest as to 1/3 subject thereto on August 31, 2019 and 1/12 of the shares thereto on each quarterly anniversary thereafter with any shares that would have already been vested in accordance with the time based vesting schedule vesting immediately when the PSOs were earned.
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.