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Extreme Networks (NASDAQ: EXTR) grants CEO 334K RSUs as 138K shares vest

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

EXTREME NETWORKS INC (EXTR) reported multiple equity-related transactions by President and CEO Edward Meyercord. On 2026-08-16 he acquired 115,522 and 98,039 shares of common stock from performance awards granted in 2024 and 2025, which vested after Compensation Committee certification, and he also received time-based awards of restricted stock units. Several code F transactions on 2026-08-15 and 2026-08-16 reflect shares of common stock withheld at $24.41 per share to cover income and payroll withholding taxes upon release of awards. On 2026-08-15, multiple restricted stock unit awards were exercised or converted into an aggregate of 138,557 shares of common stock, and a new time-based RSU award of 334,290 units was granted, which vests one-third on the first anniversary of grant and one-twelfth each quarter thereafter.

Positive

  • None.

Negative

  • None.
Insider MEYERCORD EDWARD
Role PRESIDENT AND CEO
Type Security Shares Price Value
Grant/Award Common Stock F3 115,522 $0.00 $0.00
Tax Withholding Common Stock F2 45,458 $24.41 $1.11M
Grant/Award Common Stock F4 98,039 $0.00 $0.00
Tax Withholding Common Stock F2 38,579 $24.41 $942K
Exercise Restricted Stock Units F5 11,721 $0.00 $0.00
Exercise Restricted Stock Units F5 28,895 $0.00 $0.00
Exercise Restricted Stock Units F5 97,941 $0.00 $0.00
Grant/Award Restricted Stock Units F5 334,290 $0.00 $0.00
Exercise Common Stock F1 11,721 $0.00 $0.00
Tax Withholding Common Stock F2 4,613 $24.41 $113K
Exercise Common Stock 28,895 $0.00 $0.00
Tax Withholding Common Stock F2 11,371 $24.41 $278K
Exercise Common Stock 97,941 $0.00 $0.00
Tax Withholding Common Stock F2 38,540 $24.41 $941K
Holdings After Transaction: Restricted Stock Units — 646,046 shares (Direct); Common Stock — 1,810,097 shares (Direct)
Footnotes (5)
  1. F1. An additional 65 shares are included in this total, reflecting non-reportable purchase of 65 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).
  2. F2. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
  3. F3. Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 08/15/2024. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 08/16/2026.
  4. F4. Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 08/15/2025. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 08/16/2026.
  5. F5. 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.
Performance award shares 2024 grant 115,522 shares Common stock issued pursuant to a performance award dated 08/15/2024, certified 08/16/2026
Performance award shares 2025 grant 98,039 shares Common stock issued pursuant to a performance award dated 08/15/2025, certified 08/16/2026
New time-based RSU grant 334,290 units Restricted Stock Units granted 2026-08-15 with time-based vesting schedule
RSU conversions to common stock 138,557 shares Aggregate shares from derivative exercises/conversions (code M) reported in the summary
Shares withheld for taxes 138,561 shares Aggregate code F transactions for payment of income and payroll withholding taxes
Tax-withholding price per share $24.41 per share Price used for multiple code F withholding transactions in EXTR common stock
ESPP additional shares 65 shares Non-reportable purchase under the Employee Stock Purchase Plan included in total holdings
Derivative transactions count 4 transactions Number of derivative (RSU) transactions reported in the filing
Restricted Stock Units financial
"The security title includes Restricted Stock Units with underlying common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance award financial
"Represents shares of common stock issued pursuant to a performance award dated 08/15/2024."
Employee Stock Purchase Plan (ESPP) financial
"Non-reportable purchase of 65 shares in connection with the Company's Employee Stock Purchase Plan (ESPP)."
withholding taxes financial
"Shares withheld from the released share award for the payment of applicable income and payroll withholding taxes."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
exercise or conversion of derivative security financial
"Transaction code M described as Exercise or conversion of derivative security."

FAQ

What equity awards did EXTR CEO Edward Meyercord receive in this Form 4?
Edward Meyercord received 115,522 and 98,039 EXTR common shares from performance awards and a new grant of 334,290 restricted stock units. The RSUs vest over time based on the disclosed vesting schedule.

How many Extreme Networks (EXTR) shares were issued from RSU conversions?
RSU exercises or conversions resulted in 138,557 EXTR common shares on 2026-08-15. These arose from multiple restricted stock unit awards converting into common stock at a conversion or exercise price of $0.00 per share.

What price was used for EXTR share tax-withholding in Meyercord’s Form 4?
Shares were withheld to cover taxes at $24.41 per EXTR share. Code F transactions represent shares withheld from released share awards to pay applicable income and payroll withholding taxes, rather than open-market sales.

What is the vesting schedule of the new EXTR restricted stock unit award?
The new EXTR time-based RSU award of 334,290 units vests 1/3 on the one-year anniversary of the original grant and 1/12 each quarter thereafter, as described in the footnote to the award.

Were any EXTR shares acquired through the Employee Stock Purchase Plan?
Yes. A total includes an additional 65 EXTR shares from a non-reportable purchase under the Company’s Employee Stock Purchase Plan (ESPP). This ESPP acquisition is noted in a footnote linked to the post-transaction share total.

Do the EXTR Form 4 transactions reflect open-market buys or sales by the CEO?
The reported EXTR transactions reflect grants, RSU conversions, and tax-withholding, not open-market purchases or sales. Code F entries are shares withheld for taxes, and code A and M entries relate to awards and conversions.

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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).
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)
08/15/2026		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 Stock08/15/2026M11,721A$01,608,261(1)D
Common Stock08/15/2026F4,613(2)D$24.411,603,648D
Common Stock08/15/2026M28,895A$01,632,543D
Common Stock08/15/2026F11,371(2)D$24.411,621,172D
Common Stock08/15/2026M97,941A$01,719,113D
Common Stock08/15/2026F38,540(2)D$24.411,680,573D
Common Stock08/16/2026A115,522(3)A$01,796,095D
Common Stock08/16/2026F45,458(2)D$24.411,750,637D
Common Stock08/16/2026A98,039(4)A$01,848,676D
Common Stock08/16/2026F38,579(2)D$24.411,810,097D
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
Restricted Stock Units$008/15/2026M11,72108/15/2024(5)08/15/2026Common Stock11,721$00D
Restricted Stock Units$008/15/2026M28,89508/15/2025(5)08/15/2027Common Stock28,895$0115,580D
Restricted Stock Units$008/15/2026M97,94108/15/2026(5)08/15/2028Common Stock97,941$0196,176D
Restricted Stock Units$008/15/2026A334,29008/15/2027(5)08/15/2029Common Stock334,290$0334,290D
Explanation of Responses:
1. An additional 65 shares are included in this total, reflecting non-reportable purchase of 65 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).
2. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
3. Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 08/15/2024. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 08/16/2026.
4. Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 08/15/2025. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 08/16/2026.
5. 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.
/s/ Daniel Ricks, Power of Attorney for Edward Meyercord08/18/2026
** 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