EXTR CEO sells 150K shares after option exercise
Extreme Networks President and CEO Edward Meyercord reported an exercise-and-sell transaction in company stock.
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Form Type
4
Rhea-AI Filing Summary
Extreme Networks President and CEO Edward Meyercord reported an exercise-and-sell transaction in company stock. On June 1, he exercised 50,000 stock options at $6.70 per share and received the same number of common shares. He then sold common stock in the open market totaling 150,000 shares across June 1–2 at weighted average prices of $27.027, $27.771, and $29.195 per share. The filing states these sales were made under a Rule 10b5‑1 trading plan dated August 28, 2025, indicating they were pre‑scheduled. After the transactions, he directly owns 1,621,902 shares of Extreme Networks common stock.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
MEYERCORD EDWARD
Role
PRESIDENT AND CEO
Sold
150,000 shs ($4.30M)
Approx. gross sale proceeds
$4.30M
Approx. exercise cost
$335K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100,000 | $29.195 | $2.92M |
| Exercise | Non-Qualified Stock Option (right to buy) | 50,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 50,000 | $6.70 | $335K |
| Sale | Common Stock | 8,600 | $27.027 | $232K |
| Sale | Common Stock | 41,400 | $27.771 | $1.15M |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 74,573 contracts (Direct);
Common Stock — 1,621,902 shares (Direct)
Footnotes (5)
- F1. Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 08/28/2025.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.76 to $27.23 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 $27.24 to $28.23 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 $29.00 to $29.39 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. This time based Stock Option Grant vested as to 1/4 on 8/31/2020 and 1/16 each quarter thereafter.
Key Figures
Shares sold: 150,000 shares
Sale price June 2: $29.195 per share
Sale price block 1: $27.771 per share
+5 more
8 metrics
Shares sold
150,000 shares
Open-market sales on June 1–2, 2026
Sale price June 2
$29.195 per share
Weighted average sale price for 100,000 shares
Sale price block 1
$27.771 per share
Weighted average for 41,400 shares on June 1
Sale price block 2
$27.027 per share
Weighted average for 8,600 shares on June 1
Options exercised
50,000 shares
Non-qualified stock options exercised on June 1, 2026
Exercise price
$6.70 per share
Strike price of non-qualified stock option
Post-transaction holdings
1,621,902 shares
Direct ownership after reported trades
10b5-1 plan date
August 28, 2025
Plan governing reported sales
Key Terms
Rule 10b5-1 Plan, Non-Qualified Stock Option, weighted average price, open-market sale, +1 more
5 terms
Rule 10b5-1 Plan regulatory
"Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 08/28/2025."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (right to buy) with a $6.70 exercise price."
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action is described as open-market sale."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action is described as derivative exercise/conversion."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did EXTR CEO Edward Meyercord report on this Form 4?
Edward Meyercord reported exercising 50,000 stock options and selling 150,000 Extreme Networks common shares. The sales occurred in open-market transactions on June 1 and 2, 2026, at weighted average prices around the high-$20 range per share.
Did the EXTR CEO exercise stock options in this Form 4 filing?
Yes. Edward Meyercord exercised 50,000 non-qualified stock options with a $6.70 exercise price. These options were time-based awards that began vesting in August 2020 and were scheduled to expire in August 2026 if not exercised.
What is the overall direction of the EXTR CEO’s Form 4 transactions?
The Form 4 reflects a net sale of Extreme Networks shares. Although 50,000 shares were acquired through option exercise, open-market sales totaled 150,000 shares, resulting in a net reduction of 100,000 shares in his directly held position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
