Edward Meyercord - 11 Nov 2022 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Lily Kang, Power of Attorney for Ed Meyercord
Issuer symbol
EXTR
Transactions as of
11 Nov 2022
Transactions value $
-$595,392
Form type
4
Filing time
15 Nov 2022, 17:32:00
Previous filing
28 Oct 2022
Next filing
18 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Sale -$79.8K -4.2K -0.46% $19.00 905K 11 Nov 2022 Direct F1, F2
transaction EXTR Common Stock Options Exercise $0 +32K +3.53% $0.00 937K 15 Nov 2022 Direct
transaction EXTR Common Stock Tax liability -$284K -15.5K -1.65% $18.38 921K 15 Nov 2022 Direct
transaction EXTR Common Stock Options Exercise $0 +26.1K +2.83% $0.00 947K 15 Nov 2022 Direct
transaction EXTR Common Stock Tax liability -$232K -12.6K -1.33% $18.38 935K 15 Nov 2022 Direct

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 -32K -25% $0.00 95.9K 15 Nov 2022 Common Stock 32K $0.00 Direct F3
transaction EXTR Restricted Stock Units Options Exercise $0 -26.1K -12.5% $0.00 182K 15 Nov 2022 Common Stock 26.1K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction pursuant to the Reporting Person's 10b5-1 Plan.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.00 to $19.04 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.
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.