Form 4 for EXTR EXTREME NETWORKS INC
Accepted 2023-08-17 00:00:00 ET · period of report 2023-08-15 · accession 0001437749-23-024085 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-08-17 | 2023-08-15+ | EXTR | MEYERCORD EDWARD | Pres AND CEO, Dir | F - Tax | $29.93 | -311.2K | 1.09M | -22% | -$9.31M |
| DM | 2023-08-17 | 2023-08-15+ | EXTR | MEYERCORD EDWARD | Pres AND CEO, Dir | M - OptEx | $0.00 | +790.8K | 1.06M | +295% | $0 |
| DM | 2023-08-17 | 2023-08-15+ | EXTR | MEYERCORD EDWARD | Pres AND CEO, Dir | A - Grant | $0.00 | +859.4K | 140.6K | New | $0 |
| DM | 2023-08-17 | 2023-08-15+ | EXTR | MEYERCORD EDWARD | Pres AND CEO, Dir | M - OptEx | $0.00 | -790.8K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-08-15 | F | D | 12,577 | $32.01 | 630,150 | D | — | — | (F2) Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release. |
| 2 | Common | Common Stock | 2023-08-15 | M | A | 26,055 | $0.00 | 656,205 | D | — | — | |
| 3 | Common | Common Stock | 2023-08-15 | F | D | 10,253 | $32.01 | 645,952 | D | — | — | (F2) Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release. |
| 4 | Common | Common Stock | 2023-08-15 | M | A | 154,461 | $0.00 | 800,413 | D | — | — | |
| 5 | Common | Common Stock | 2023-08-15 | F | D | 60,781 | $32.01 | 739,632 | D | — | — | (F2) Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release. |
| 6 | Common | Common Stock | 2023-08-15 | M | A | 31,961 | $0.00 | 642,727 | D | — | — | (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). |
| 7 | Common | Common Stock | 2023-08-16 | F | D | 125,701 | $29.17 | 933,373 | D | — | — | (F2) Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release. |
| 8 | Common | Common Stock | 2023-08-16 | M | A | 104,218 | $0.00 | 1,037,591 | D | — | — | |
| 9 | Common | Common Stock | 2023-08-16 | F | D | 41,010 | $29.17 | 996,581 | D | — | — | (F2) Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release. |
| 10 | Common | Common Stock | 2023-08-16 | M | A | 154,615 | $0.00 | 1,151,196 | D | — | — | |
| 11 | Common | Common Stock | 2023-08-16 | F | D | 60,842 | $29.17 | 1,090,354 | D | — | — | (F2) Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release. |
| 12 | Common | Common Stock | 2023-08-16 | M | A | 319,442 | $0.00 | 1,059,074 | D | — | — | |
| 13 | Derivative | Performance Shares | 2023-08-15 | A | A | 140,581 | $0.00 | 140,581 | D | $0.00 · 2023-08-15 to 2027-08-15 | 140,581 Common Stock | (F4) This performance award may be achieved if the average 30-day trading price of EXTR meets certain targets during a 4 year period. |
| 14 | Derivative | Performance Shares | 2023-08-16 | A | A | 319,442 | $0.00 | 319,442 | D | $0.00 · 2021-08-15 to 2023-08-15 | 319,442 Common Stock | (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. |
| 15 | Derivative | Performance Shares | 2023-08-16 | M | D | 319,442 | $0.00 | 0 | D | $0.00 · 2021-08-15 to 2023-08-15 | 319,442 Common Stock | (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. |
| 16 | Derivative | Performance Shares | 2023-08-16 | A | A | 104,218 | $0.00 | 104,218 | D | $0.00 · 2022-08-15 to 2024-08-15 | 104,218 Common Stock | (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. |
| 17 | Derivative | Performance Shares | 2023-08-16 | M | D | 104,218 | $0.00 | 0 | D | $0.00 · 2022-08-15 to 2024-08-15 | 104,218 Common Stock | (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. |
| 18 | Derivative | Performance Shares | 2023-08-16 | M | D | 154,615 | $0.00 | 0 | D | $0.00 · 2023-08-15 to 2025-08-15 | 154,615 Common Stock | (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. |
| 19 | Derivative | Restricted Stock Units | 2023-08-15 | M | D | 26,055 | $0.00 | 104,219 | D | $0.00 · 2022-08-15 to 2024-08-15 | 26,055 Common Stock | (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. |
| 20 | Derivative | Restricted Stock Units | 2023-08-15 | M | D | 154,461 | $0.00 | 309,384 | D | $0.00 · 2023-08-15 to 2025-08-15 | 154,461 Common Stock | (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. |
| 21 | Derivative | Performance Shares | 2023-08-16 | A | A | 154,615 | $0.00 | 154,615 | D | $0.00 · 2023-08-15 to 2025-08-15 | 154,615 Common Stock | (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. |
| 22 | Derivative | Restricted Stock Units | 2023-08-15 | A | A | 140,581 | $0.00 | 140,581 | D | $0.00 · 2024-08-15 to 2026-08-15 | 140,581 Common Stock | (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. |
| 23 | Derivative | Restricted Stock Units | 2023-08-15 | M | D | 31,961 | $0.00 | 0 | D | $0.00 · 2021-08-15 to 2023-08-15 | 31,961 Common Stock | (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. |