Edward Meyercord - Apr 2, 2025 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Signature
/s/ Katayoun "Katy" Motiey, Power of Attorney for Ed Meyercord
Stock symbol
EXTR
Transactions as of
Apr 2, 2025
Transactions value $
-$240,151
Form type
4
Date filed
4/2/2025, 04:35 PM
Previous filing
Mar 4, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Options Exercise $229K +35.7K +2.36% $6.40 1.55M Apr 1, 2025 Direct
transaction EXTR Common Stock Sale -$469K -35.7K -2.31% $13.12 1.51M Apr 1, 2025 Direct F1, 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -35.7K -5.92% $0.00 567K Apr 1, 2025 Common Stock 35.7K $6.70 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Adoption date of referenced 10b5-1(c) plan is: 02-22-2024
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.89 to $13.36 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 Stock Option Grant vested as to 1/4 on 8/31/2020 and 1/16 each quarter thereafter.