Extreme Networks Inc SEC Filings

Katayoun Motiey, Chief Legal Admin Sust Officer of Extreme Networks, reported changes in beneficial ownership on 08/15/2025 related to vesting of restricted stock units and performance shares and related tax-withholdings. Multiple transactions show acquisitions of vested awards at $0 (time-based RSUs and performance shares) and dispositions via share withholding to cover taxes at a price of $19.72 per share. Shares are held indirectly in The Katayoun Motiey Trust U/A DTD 8/26/2011. The filing lists post-transaction beneficial ownership amounts for common stock ranging up to 196,630 shares in some lines and documents certification by the Compensation Committee for performance tranches on 8/15/2025. The form is signed by Ms. Motiey on 08/18/2025.

Ed Meyercord, President & CEO and Director of Extreme Networks (EXTR), reported multiple share transactions on 08/15/2025. The Form 4 shows a series of issuances and tax-withholdings tied to restricted stock units and performance shares, resulting from vesting and committee certification of performance awards. After the reported transactions his direct beneficial ownership increased to 1,928,825 shares at the high point reported and reflects consolidated totals after withholding and release events.

The filing records awards delivered at $0 (RSU and performance share releases) and share-withholdings to satisfy payroll and income taxes at an effective disposal price of $19.72 per share for multiple withholding transactions. A power of attorney signature was provided by Katayoun Motiey on 08/18/2025.

Extreme Networks (EXTR) discloses selected annual-report notes describing its revenue recognition, warranty and channel practices, capitalized commissions, leasing and hedging, credit facilities, restructuring charges, stock plans and tax attributes. The company capitalized commissions of $26.9 million and $24.7 million at June 30, 2025 and 2024, amortizing them over ~three years with amortization of $12.5 million, $10.9 million and $9.1 million for fiscal 2025, 2024 and 2023. The 2023 revolving credit facility provides up to $180.0 million with incremental capacity to $100.0 million; SOFR margins vary by leverage with an effective interest rate of 6.43% in 2025 (7.44% in 2024). Restructuring and related charges increased to $11.1 million in fiscal 2025 (prior year changes noted). A full valuation allowance exists against U.S. federal and state deferred tax assets; U.S. federal NOLs of $8.7 million and state NOLs of $121.1 million are disclosed, along with foreign NOLs and R&D tax credits. Equity plans and share authorizations, outstanding awards, and MSU details are disclosed, and the 2022 repurchase program expired June 30, 2025.

Director Edward H. Kennedy reported a sale of 25,000 shares of Extreme Networks common stock on 08/11/2025 at a weighted average price of $20.0107. The filing discloses the sale occurred in multiple transactions at prices ranging from $19.835 to $20.105.

Following the reported transaction, the reporting person is shown as beneficially owning 612,691 shares indirectly, held in The Edward and Maureen Kennedy Living Trust. The Form 4 was submitted under power of attorney.

Extreme Networks (EXTR) filed a Form 144 reporting a proposed sale of 25,000 shares of Class A Common stock through Goldman Sachs & Co. LLC on 08/11/2025, with an aggregate market value of $502,000. The filing lists 133,167,692 shares outstanding, so the proposed sale represents about 0.019% of outstanding shares.

The securities to be sold were acquired as compensation: 13,534 shares from Restricted Stock Units dated 11/04/2021 and 11,466 shares from Restricted Stock Awards dated 11/08/2023. The filer reports no securities sold in the past three months and includes the standard representation that they are not aware of undisclosed material adverse information about the issuer.

Ed Meyercord, President & CEO and a director of Extreme Networks, reported the sale of 100,000 shares of Common Stock on 08/06/2025. The Form 4 shows a weighted average reported price of $20.0797 and notes the shares were sold in multiple transactions at prices ranging from $20.00 to $20.45. Following the reported transactions, the filing shows Mr. Meyercord beneficially owned 1,441,282 shares.

The filing states the sales were executed pursuant to a trading plan adopted under Rule 10b5-1 on 02/22/2024. The Form 4 was signed by a power of attorney, Katayoun "Katy" Motiey, on 08/08/2025.