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Extreme Networks (EXTR) CEO sells 50K shares via 10b5-1 trading plan

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

EXTREME NETWORKS INC president and CEO Edward Meyercord reported an exercise-and-sell transaction in company stock. He exercised 50,000 stock options at $6.70 per share and sold 50,000 common shares in open-market trades at a weighted average price of $22.0844 per share.

The sales were made in multiple transactions between $21.70 and $22.41 per share under a Rule 10b5-1(c) trading plan adopted on August 28, 2025. After these transactions, Meyercord directly holds 1,897,270 common shares and retains 124,573 non-qualified stock options with a $6.70 exercise price expiring on August 28, 2026.

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Insider MEYERCORD EDWARD
Role PRESIDENT AND CEO
Sold 50,000 shs ($1.10M)
Type Security Shares Price Value
Exercise Non-Qualified Stock Option (right to buy) 50,000 $0.00 --
Exercise Common Stock 50,000 $6.70 $335K
Sale Common Stock 50,000 $22.0844 $1.10M
Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 124,573 shares (Direct, null); Common Stock — 1,947,270 shares (Direct, null)
Footnotes (1)
  1. Adoption date of referenced 10b5-1(c) plan is: 08-28-2025 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.70 to $22.41 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. This time based Stock Option Grant vested as to 1/4 on 8/31/2020 and 1/16 each quarter thereafter.
Shares sold 50,000 shares Open-market sale of common stock on May 1, 2026
Weighted average sale price $22.0844 per share Sale of 50,000 Extreme Networks common shares
Option exercise price $6.70 per share Exercise of 50,000 non-qualified stock options
Shares held after transactions 1,897,270 shares Direct common stock ownership after May 1, 2026 trades
Remaining stock options 124,573 options Non-qualified stock options outstanding after exercise
Option expiration date August 28, 2026 Expiry of non-qualified stock option grant
10b5-1 plan adoption date August 28, 2025 Rule 10b5-1(c) trading plan referenced in Form 4
Rule 10b5-1(c) plan regulatory
"Adoption date of referenced 10b5-1(c) plan is: 08-28-2025"
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.
Non-Qualified Stock Option (right to buy) financial
"security_title: Non-Qualified Stock Option (right to buy)"
time based Stock Option Grant financial
"This time based Stock Option Grant vested as to 1/4 on 8/31/2020"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MEYERCORD EDWARD
(Last)(First)(Middle)
2121 RDU CENTER DR.
(Street)
MORRISVILLE NORTH CAROLINA 27560
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EXTREME NETWORKS INC [ EXTR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
PRESIDENT AND CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/01/2026M50,000A$6.71,947,270D
Common Stock05/01/2026S50,000(1)D$22.0844(2)1,897,270D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Option (right to buy)$6.705/01/2026M50,00008/31/2020(3)08/28/2026Common Stock50,000$0124,573D
Explanation of Responses:
1. Adoption date of referenced 10b5-1(c) plan is: 08-28-2025
2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.70 to $22.41 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.
3. This time based Stock Option Grant vested as to 1/4 on 8/31/2020 and 1/16 each quarter thereafter.
/s/ Daniel Ricks, Power of Attorney for Ed Meyercord05/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Extreme Networks (EXTR) report for Edward Meyercord?

Extreme Networks CEO Edward Meyercord exercised 50,000 stock options at $6.70 and sold 50,000 common shares at a weighted average price of $22.0844. The trades occurred on May 1, 2026 as part of a prearranged Rule 10b5-1(c) trading plan.

How many Extreme Networks (EXTR) shares does the CEO hold after this Form 4?

After the reported transactions, CEO Edward Meyercord directly holds 1,897,270 Extreme Networks common shares. This reflects his position following the exercise of 50,000 options and the sale of 50,000 shares on May 1, 2026 under his trading plan.

At what prices did the Extreme Networks (EXTR) CEO sell his shares?

Edward Meyercord sold 50,000 Extreme Networks shares at a weighted average price of $22.0844 per share. The individual sales occurred in multiple trades, with prices ranging from $21.70 to $22.41 per share, as detailed in the Form 4 footnote.

What stock options did the Extreme Networks (EXTR) CEO exercise?

The CEO exercised 50,000 non-qualified stock options with a $6.70 exercise price into Extreme Networks common stock. These time-based options vested over several years, with initial vesting on August 31, 2020, and are part of a larger grant expiring August 28, 2026.

Does the Extreme Networks (EXTR) Form 4 involve a Rule 10b5-1 trading plan?

Yes. The Form 4 notes that the transactions were made under a Rule 10b5-1(c) trading plan adopted on August 28, 2025. Such plans pre-schedule trades, indicating the timing of Meyercord’s 50,000-share sale was established in advance rather than decided spontaneously.

How many stock options does the Extreme Networks (EXTR) CEO still hold?

Following the option exercise reported, Edward Meyercord holds 124,573 non-qualified stock options with a $6.70 exercise price. These options relate to Extreme Networks common stock and are scheduled to expire on August 28, 2026, according to the Form 4 disclosure.