Joseph A. Vitalone - 15 Aug 2023 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Reporting relationship: Chief Revenue Officer
Issuer ticker: EXTR
Reported as of: 15 Aug 2023
Net transaction value: -$1,135,003
SEC form: 4
Accepted by SEC: 17 Aug 2023, 17:56:35 UTC
Prior SEC filing: 17 Jul 2023
Next SEC filing: 18 Sep 2023
Source filing: View source filing
Reporting owner signature: /s/ Katayoun "Katy" Motiey, Power of Attorney for Joseph A. Vitalone

Key filing fact

Joseph A. Vitalone filed Form 4 for EXTREME NETWORKS INC (EXTR) on 17 Aug 2023.

Key facts

This page summarizes Joseph A. Vitalone's Form 4 filing for EXTREME NETWORKS INC (EXTR).
15 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 17 Aug 2023, 17:56.

Change

Previous filing in this sequence was filed on 17 Jul 2023.
Current net transaction value: -$1,135,003.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EXTR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +6,253
Change %: +6.6%
Price: $0.000000
Shares after: 101,435
Date: 15 Aug 2023
Ownership: by Trust
Footnotes: F1, F2

EXTR transaction

Common Stock

Tax liability

Transaction value: $78,777
Shares: -2,461
Change %: -2.4%
Price: $32.01
Shares after: 98,974
Date: 15 Aug 2023
Ownership: by Trust
Footnotes: F2, F3

EXTR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +31,931
Change %: +32%
Price: $0.000000
Shares after: 130,905
Date: 15 Aug 2023
Ownership: by Trust
Footnotes: F2

EXTR transaction

Common Stock

Tax liability

Transaction value: $402,206
Shares: -12,565
Change %: -9.6%
Price: $32.01
Shares after: 118,340
Date: 15 Aug 2023
Ownership: by Trust
Footnotes: F2, F3

EXTR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +25,013
Change %: +21%
Price: $0.000000
Shares after: 143,353
Date: 16 Aug 2023
Ownership: by Trust
Footnotes: F2

EXTR transaction

Common Stock

Tax liability

Transaction value: $287,120
Shares: -9,843
Change %: -6.9%
Price: $29.17
Shares after: 133,510
Date: 16 Aug 2023
Ownership: by Trust
Footnotes: F2, F3

EXTR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +31,962
Change %: +24%
Price: $0.000000
Shares after: 165,472
Date: 16 Aug 2023
Ownership: by Trust
Footnotes: F2

EXTR transaction

Common Stock

Tax liability

Transaction value: $366,900
Shares: -12,578
Change %: -7.6%
Price: $29.17
Shares after: 152,894
Date: 16 Aug 2023
Ownership: by Trust
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EXTR transaction Derivative

RSU Award

Options Exercise

Transaction value: $0
Shares: -6,253
Change %: -20%
Price: $0.000000
Shares after: 25,013
Date: 15 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,253
Exercise price: $0.000000
Footnotes: F4

EXTR transaction Derivative

RSU Award

Options Exercise

Transaction value: $0
Shares: -31,931
Change %: -33%
Price: $0.000000
Shares after: 63,955
Date: 15 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 31,931
Exercise price: $0.000000
Footnotes: F4

EXTR transaction Derivative

RSU Award

Award

Transaction value: $0
Shares: +46,860
Change %
Price: $0.000000
Shares after: 46,860
Date: 15 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 46,860
Exercise price: $0.000000
Footnotes: F4

EXTR transaction Derivative

Performance Award

Award

Transaction value: $0
Shares: +25,013
Change %
Price: $0.000000
Shares after: 25,013
Date: 16 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 25,013
Exercise price: $0.000000
Footnotes: F5

EXTR transaction Derivative

Performance Award

Options Exercise

Transaction value: $0
Shares: -25,013
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 25,013
Exercise price: $0.000000
Footnotes: F5

EXTR transaction Derivative

Performance Award

Award

Transaction value: $0
Shares: +31,962
Change %
Price: $0.000000
Shares after: 31,962
Date: 16 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 31,962
Exercise price: $0.000000
Footnotes: F5, F6

EXTR transaction Derivative

Performance Award

Options Exercise

Transaction value: $0
Shares: -31,962
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 31,962
Exercise price: $0.000000
Footnotes: F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

An additional 762 shares are included in this total, reflecting non-reportable purchase of 762 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).

Footnote F2

Shares are held in the Vitalone Living Trust, Joseph and Joanne Vitalone Trustees.

Footnote F3

Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.

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.

Footnote 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 8/16/2023.

Footnote 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 8/16/2023.