Edward Meyercord - 15 Aug 2023 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 2023
Transactions value $: -$9,314,109
Form type: 4
Date filed: 17 Aug 2023, 18:55
Previous filing: 09 Jun 2023
Next filing: 09 Nov 2023
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	+32K	+5.23%	$0.00	643K	15 Aug 2023	Direct	F1
transaction	EXTR	Common Stock	Tax liability	-$403K	-12.6K	-1.96%	$32.01	630K	15 Aug 2023	Direct	F2
transaction	EXTR	Common Stock	Options Exercise	$0	+26.1K	+4.13%	$0.00	656K	15 Aug 2023	Direct
transaction	EXTR	Common Stock	Tax liability	-$328K	-10.3K	-1.56%	$32.01	646K	15 Aug 2023	Direct	F2
transaction	EXTR	Common Stock	Options Exercise	$0	+154K	+23.91%	$0.00	800K	15 Aug 2023	Direct
transaction	EXTR	Common Stock	Tax liability	-$1.95M	-60.8K	-7.59%	$32.01	740K	15 Aug 2023	Direct	F2
transaction	EXTR	Common Stock	Options Exercise	$0	+319K	+43.19%	$0.00	1.06M	16 Aug 2023	Direct
transaction	EXTR	Common Stock	Tax liability	-$3.67M	-126K	-11.87%	$29.17	933K	16 Aug 2023	Direct	F2
transaction	EXTR	Common Stock	Options Exercise	$0	+104K	+11.17%	$0.00	1.04M	16 Aug 2023	Direct
transaction	EXTR	Common Stock	Tax liability	-$1.2M	-41K	-3.95%	$29.17	997K	16 Aug 2023	Direct	F2
transaction	EXTR	Common Stock	Options Exercise	$0	+155K	+15.51%	$0.00	1.15M	16 Aug 2023	Direct
transaction	EXTR	Common Stock	Tax liability	-$1.77M	-60.8K	-5.29%	$29.17	1.09M	16 Aug 2023	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	Restricted Stock Units	Options Exercise	$0	-32K	-100%	$0.00^*	0	15 Aug 2023	Common Stock	32K	$0.00	Direct	F3
transaction	EXTR	Restricted Stock Units	Options Exercise	$0	-26.1K	-20%	$0.00	104K	15 Aug 2023	Common Stock	26.1K	$0.00	Direct	F3
transaction	EXTR	Restricted Stock Units	Options Exercise	$0	-154K	-33.3%	$0.00	309K	15 Aug 2023	Common Stock	154K	$0.00	Direct	F3
transaction	EXTR	Restricted Stock Units	Award	$0	+141K		$0.00	141K	15 Aug 2023	Common Stock	141K	$0.00	Direct	F3
transaction	EXTR	Performance Shares	Award	$0	+141K		$0.00	141K	15 Aug 2023	Common Stock	141K	$0.00	Direct	F4
transaction	EXTR	Performance Shares	Award	$0	+319K		$0.00	319K	16 Aug 2023	Common Stock	319K	$0.00	Direct	F5
transaction	EXTR	Performance Shares	Options Exercise	$0	-319K	-100%	$0.00^*	0	16 Aug 2023	Common Stock	319K	$0.00	Direct	F5
transaction	EXTR	Performance Shares	Award	$0	+104K		$0.00	104K	16 Aug 2023	Common Stock	104K	$0.00	Direct	F6
transaction	EXTR	Performance Shares	Options Exercise	$0	-104K	-100%	$0.00^*	0	16 Aug 2023	Common Stock	104K	$0.00	Direct	F6
transaction	EXTR	Performance Shares	Award	$0	+155K		$0.00	155K	16 Aug 2023	Common Stock	155K	$0.00	Direct	F7
transaction	EXTR	Performance Shares	Options Exercise	$0	-155K	-100%	$0.00^*	0	16 Aug 2023	Common Stock	155K	$0.00	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	An additional 381 shares are included in this total, reflecting non-reportable purchase of 381 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.
F4	This performance award may be achieved if the average 30-day trading price of EXTR meets certain targets during a 4 year period.
F5	Represents one tranche of a performance award granted on 08/15/2020. 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.
F6	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.
F7	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.