Edward Meyercord - May 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
May 15, 2024
Transactions value $
-$276,106
Form type
4
Date filed
5/16/2024, 04:46 PM
Previous filing
May 10, 2024
Next filing
Aug 19, 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 +2.33% $0.00 1.15M May 15, 2024 Direct
transaction EXTR Common Stock Tax liability -$111K -10.3K -0.89% $10.84 1.14M May 15, 2024 Direct F1
transaction EXTR Common Stock Options Exercise $0 +38.7K +3.41% $0.00 1.17M May 15, 2024 Direct
transaction EXTR Common Stock Tax liability -$165K -15.2K -1.3% $10.84 1.16M May 15, 2024 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 -50% $0.00 26.1K May 15, 2024 Common Stock 26.1K $0.00 Direct F2
transaction EXTR Restricted Stock Units Options Exercise $0 -38.7K -16.67% $0.00 193K May 15, 2024 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.