Remi Thomas - 15 Aug 2021 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Role
EVP Chief Financial Officer
Signature
/s/ Katy Motiey, Power of Attorney for Remi Thomas
Issuer symbol
EXTR
Transactions as of
15 Aug 2021
Transactions value $
-$167,253
Form type
4
Filing time
17 Aug 2021, 16:17:18 UTC
Previous filing
02 Jun 2021
Next filing
20 Aug 2021
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 +30.5K +46.74% $0.00 95.8K 15 Aug 2021 Direct F1
transaction EXTR Common Stock Tax liability -$167K -15.1K -15.79% $11.05 80.7K 15 Aug 2021 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 RSU Award Award $0 +75K $0.00 75K 15 Aug 2021 Common Stock 75K $0.00 Direct F3
transaction EXTR RSU Award Options Exercise $0 -30.5K -33.3% $0.00 61.1K 15 Aug 2021 Common Stock 30.5K $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 1,857 shares are included in this total, reflecting non-reportable purchase of 1,857 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.