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EXTREME NETWORKS INC — Director's Dealing 2024
Dec 3, 2024
31460_dirs_2024-12-03_e1865eca-5526-4a5f-bef0-6962a1eb00a8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2024-12-02
Reporting Person: MEYERCORD EDWARD (Director, PRESIDENT AND CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-02 | Common Stock | M | 35725 | $6.40 | Acquired | 1514666 | Direct |
| 2024-12-02 | Common Stock | S | 28235 | $17.1259 | Disposed | 1486431 | Direct |
| 2024-12-02 | Common Stock | S | 7490 | $17.5223 | Disposed | 1478941 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-12-02 | Non-Qualified Stock Option (right to buy) | $6.40 | M | 35725 | Disposed | 2025-08-29 | Common Stock (35725) | Direct |
Footnotes
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 $16.51 to $17.50 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: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.51 to $17.55 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: This Performance Stock Option Grant was achieved after the Company's Common Stock closing price exceeded $10.00 for 30 consecutive trading days on June 25, 2021. Once earned, the shares vest as to 1/3 subject thereto on August 31, 2019 and 1/12 of the shares thereto on each quarterly anniversary thereafter with any shares that would have already been vested in accordance with the time based vesting schedule vesting immediately when the PSOs were earned.