Edward Meyercord - Feb 15, 2024 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
Feb 15, 2024
Transactions value $
-$311,765
Form type
4
Date filed
2/16/2024, 04:18 PM
Previous filing
Feb 2, 2024
Next filing
May 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +26.1K +2.3% $0.00 1.16M Feb 15, 2024 Direct F1
transaction EXTR Common Stock Tax liability -$125K -10.3K -0.89% $12.24 1.15M Feb 15, 2024 Direct F2
transaction EXTR Common Stock Options Exercise $0 +38.7K +3.37% $0.00 1.18M Feb 15, 2024 Direct
transaction EXTR Common Stock Tax liability -$186K -15.2K -1.28% $12.24 1.17M Feb 15, 2024 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 -26.1K -33.33% $0.00 52.1K Feb 15, 2024 Common Stock 26.1K $0.00 Direct F3
transaction EXTR Restricted Stock Units Options Exercise $0 -38.7K -14.29% $0.00 232K Feb 15, 2024 Common Stock 38.7K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An additional 857 shares are included in this total, reflecting non-reportable purchase of 857 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.