Edward Meyercord - Aug 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
Aug 15, 2024
Transactions value $
-$3,463,022
Form type
4
Date filed
8/19/2024, 04:20 PM
Previous filing
May 16, 2024
Next filing
Sep 4, 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 +2.25% $0.00 1.19M Aug 15, 2024 Direct F1
transaction EXTR Common Stock Tax liability -$152K -10.3K -0.87% $14.86 1.17M Aug 15, 2024 Direct F2
transaction EXTR Common Stock Options Exercise $0 +38.7K +3.29% $0.00 1.21M Aug 15, 2024 Direct
transaction EXTR Common Stock Tax liability -$226K -15.2K -1.25% $14.86 1.2M Aug 15, 2024 Direct F2
transaction EXTR Common Stock Options Exercise $0 +46.8K +3.91% $0.00 1.25M Aug 15, 2024 Direct
transaction EXTR Common Stock Tax liability -$274K -18.4K -1.48% $14.86 1.23M Aug 15, 2024 Direct F2
transaction EXTR Common Stock Options Exercise $0 +260K +21.23% $0.00 1.49M Aug 16, 2024 Direct
transaction EXTR Common Stock Tax liability -$1.49M -102K -6.89% $14.52 1.38M Aug 16, 2024 Direct F2
transaction EXTR Common Stock Options Exercise $0 +155K +11.17% $0.00 1.54M Aug 16, 2024 Direct
transaction EXTR Common Stock Tax liability -$883K -60.8K -3.95% $14.52 1.48M Aug 16, 2024 Direct F2
transaction EXTR Common Stock Sale -$439K -30K -2.03% $14.64 1.45M Aug 16, 2024 Direct F3

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 -100% $0.00* 0 Aug 15, 2024 Common Stock 26.1K $0.00 Direct F4
transaction EXTR Restricted Stock Units Options Exercise $0 -38.7K -20% $0.00 155K Aug 15, 2024 Common Stock 38.7K $0.00 Direct F4
transaction EXTR Restricted Stock Units Options Exercise $0 -46.8K -33.3% $0.00 93.8K Aug 15, 2024 Common Stock 46.8K $0.00 Direct F4
transaction EXTR Restricted Stock Units Award $0 +347K $0.00 347K Aug 15, 2024 Common Stock 347K $0.00 Direct F4
transaction EXTR Performance Shares Award $0 +260K $0.00 260K Aug 16, 2024 Common Stock 260K $0.00 Direct F5
transaction EXTR Performance Shares Options Exercise $0 -260K -100% $0.00* 0 Aug 16, 2024 Common Stock 260K $0.00 Direct F5
transaction EXTR Performance Shares Award $0 +155K $0.00 155K Aug 16, 2024 Common Stock 155K $0.00 Direct F6
transaction EXTR Performance Shares Options Exercise $0 -155K -100% $0.00* 0 Aug 16, 2024 Common Stock 155K $0.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An additional 1 share is included in this total, reflecting non-reportable purchase of 1 share 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.44 to $14.89 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.
F4 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.
F5 Represents one tranche of a performance award granted on 08/15/2021. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/16/2024.
F6 Represents one tranche of a performance award granted on 08/15/2022. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/16/2024.