Edward Meyercord - 15 Aug 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
Issuer symbol
EXTR
Transactions as of
15 Aug 2024
Net transactions value
-$3,463,022
Form type
4
Filing time
19 Aug 2024, 16:20:48 UTC
Previous filing
16 May 2024
Next filing
04 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $0 +26,055 +2.2% $0.000000 1,185,037 15 Aug 2024 Direct F1
transaction EXTR Common Stock Tax liability $152,360 -10,253 -0.87% $14.86 1,174,784 15 Aug 2024 Direct F2
transaction EXTR Common Stock Options Exercise $0 +38,673 +3.3% $0.000000 1,213,457 15 Aug 2024 Direct
transaction EXTR Common Stock Tax liability $226,139 -15,218 -1.3% $14.86 1,198,239 15 Aug 2024 Direct F2
transaction EXTR Common Stock Options Exercise $0 +46,814 +3.9% $0.000000 1,245,053 15 Aug 2024 Direct
transaction EXTR Common Stock Tax liability $273,751 -18,422 -1.5% $14.86 1,226,631 15 Aug 2024 Direct F2
transaction EXTR Common Stock Options Exercise $0 +260,469 +21% $0.000000 1,487,100 16 Aug 2024 Direct
transaction EXTR Common Stock Tax liability $1,488,227 -102,495 -6.9% $14.52 1,384,605 16 Aug 2024 Direct F2
transaction EXTR Common Stock Options Exercise $0 +154,615 +11% $0.000000 1,539,220 16 Aug 2024 Direct
transaction EXTR Common Stock Tax liability $883,426 -60,842 -4% $14.52 1,478,378 16 Aug 2024 Direct F2
transaction EXTR Common Stock Sale $439,119 -30,000 -2% $14.64 1,448,378 16 Aug 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 -26,055 -100% $0.000000* 0 15 Aug 2024 Common Stock 26,055 $0.000000 Direct F4
transaction EXTR Restricted Stock Units Options Exercise $0 -38,673 -20% $0.000000 154,692 15 Aug 2024 Common Stock 38,673 $0.000000 Direct F4
transaction EXTR Restricted Stock Units Options Exercise $0 -46,814 -33% $0.000000 93,767 15 Aug 2024 Common Stock 46,814 $0.000000 Direct F4
transaction EXTR Restricted Stock Units Award $0 +346,567 $0.000000 346,567 15 Aug 2024 Common Stock 346,567 $0.000000 Direct F4
transaction EXTR Performance Shares Award $0 +260,469 $0.000000 260,469 16 Aug 2024 Common Stock 260,469 $0.000000 Direct F5
transaction EXTR Performance Shares Options Exercise $0 -260,469 -100% $0.000000* 0 16 Aug 2024 Common Stock 260,469 $0.000000 Direct F5
transaction EXTR Performance Shares Award $0 +154,615 $0.000000 154,615 16 Aug 2024 Common Stock 154,615 $0.000000 Direct F6
transaction EXTR Performance Shares Options Exercise $0 -154,615 -100% $0.000000* 0 16 Aug 2024 Common Stock 154,615 $0.000000 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.