EXTREME NETWORKS INC — Director's Dealing 2021

Sep 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2021-08-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-31	Common Stock	M	11590	—	Acquired	706004	Direct
2021-08-31	Common Stock	F	5372	$10.83	Disposed	700632	Direct
2021-08-31	Common Stock	M	11590	—	Acquired	712222	Direct
2021-08-31	Common Stock	F	5372	$10.83	Disposed	706850	Direct
2021-08-31	Common Stock	M	22286	—	Acquired	729136	Direct
2021-08-31	Common Stock	F	10330	$10.83	Disposed	718806	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-31	Restricted Stock Units	$0	M	11590	Disposed	2021-08-31	Common stock (11590)	Direct
2021-08-31	Performance Shares	$0	M	11590	Disposed	2021-08-31	Common Stock (11590)	Direct
2021-08-31	Restricted Stock Units	$0	M	22286	Disposed	2022-08-31	Common stock (22286)	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: 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.

F3: Performance Stock Unit shares were earned upon achieving performance goal of $0.09 combined GAAP earnings over two consecutive quarters. Earned shares vest as to 1/3 on 8/31/2019 and 1/12 each quarter thereafter, provided, however, that shares earned after the one-year anniversary will vest ratably based on the time elapsed from 8/31/2018 until the hurdle date, and then quarterly thereafter.