EXTREME NETWORKS INC — Director's Dealing 2021

Dec 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2021-11-30

Reporting Person: MEYERCORD EDWARD (Director, PRESIDENT AND CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-30	Common Stock	M	22285	—	Acquired	758237	Direct
2021-11-30	Common Stock	F	10330	$13.50	Disposed	747907	Direct
2021-12-01	Common Stock	M	25000	$2.51	Acquired	772907	Direct
2021-12-01	Common Stock	S	20107	$13.3308	Disposed	752800	Direct
2021-12-01	Common Stock	S	4893	$13.9499	Disposed	747907	Direct
2021-12-01	Common Stock	M	35805	$2.51	Acquired	783712	Direct
2021-12-01	Common Stock	S	35805	$14.0138	Disposed	747907	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-30	Restricted Stock Units	$0	M	22285	Disposed	2022-08-31	Common stock (22285)	Direct
2021-12-01	Non-Qualified Stock Option (right to buy)	$2.51	M	25000	Disposed	2022-05-08	Common Stock (25000)	Direct
2021-12-01	Non-Qualified Stock Option (right to buy)	$2.51	M	35805	Disposed	2022-05-08	Common Stock (35805)	Direct

Footnotes

F1: Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release

F2: Transaction pursuant to the Reporting Person's 10b5-1 Plan.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.83 to $13.82 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.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.84 to $14.00 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.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.06 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.

F6: 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.

F7: This Performance Option Grant vested monthly over 2 years from the date of Grant and was achieved after the Company's Common Stock closing price exceeded $4.50 for 30 consecutive trading days on January 20, 2017.

F8: This Performance Option Grant vested monthly over 2 years from the date of Grant and was achieved after the Company's Common Stock closing price exceeded $5.50 for 30 consecutive trading days on March 16, 2017.