Extreme Networks CEO exercises options, sells shares

Extreme Networks president and CEO Edward Meyercord exercised options to acquire 50,000 shares of common stock at $6.70 per share, then sold 50,000 shares at a weighted average price of $15.3037 per share.

Rhea-AI Filing Summary

Extreme Networks president and CEO Edward Meyercord exercised options to acquire 50,000 shares of common stock at $6.70 per share, then sold 50,000 shares at a weighted average price of $15.3037 per share. These transactions were executed on April 1, 2026 under a pre-arranged Rule 10b5-1(c) trading plan adopted on August 28, 2025. Following the transactions, Meyercord directly holds 1,897,270 shares of Extreme Networks common stock.

Insights

Equity compensation and insider-trading analyst

CEO executes routine option exercise-and-sell under 10b5-1 plan.

Edward Meyercord, president and CEO of Extreme Networks, exercised options for 50,000 shares at $6.70 and sold 50,000 shares at a weighted average of $15.3037. This pattern reflects a classic exercise-and-sell sequence, turning an equity award into cash.

The sale occurred under a Rule 10b5-1(c) plan adopted on August 28, 2025, indicating the trades were pre-scheduled rather than opportunistic. After completing these transactions, Meyercord still owns 1,897,270 shares directly, so the 50,000-share sale represents a small portion of his overall stake.

Insider Trade Summary 10b5-1

Exercise and Sale: 50,000 shares ($430K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider MEYERCORD EDWARD

Role PRESIDENT AND CEO

Sold 50,000 shs ($765K)

Approx. gross sale proceeds $765K

Approx. exercise cost $335K

Approx. pre-tax spread $430K

Type	Security	Shares	Price	Value
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	50,000	$15.3037	$765K

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 174,573 contracts (Direct); Common Stock — 1,897,270 shares (Direct)

Footnotes (3)

1. F1. Adoption date of referenced 10b5-1(c) plan is: 08-28-2025
2. F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.18 to $15.45 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. F3. This time based Stock Option Grant vested as to 1/4 on 8/31/2020 and 1/16 each quarter thereafter.

Key Figures

Options exercised: 50,000 shares Option exercise price: $6.70 per share Shares sold: 50,000 shares +4 more

7 metrics

Options exercised 50,000 shares Non-Qualified Stock Option exercised on April 1, 2026

Option exercise price $6.70 per share Strike price of stock option exercised

Shares sold 50,000 shares Common stock sold on April 1, 2026

Weighted average sale price $15.3037 per share Open-market sale price, with trades from $15.18 to $15.45

Post-transaction holdings 1,897,270 shares Common stock directly owned after transactions

10b5-1 plan adoption date August 28, 2025 Plan governing the reported sale

Option vesting start August 31, 2020 1/4 vested then; 1/16 each quarter thereafter

Key Terms

Non-Qualified Stock Option, Rule 10b5-1(c) plan, weighted average price, time based Stock Option Grant, +1 more

5 terms

Non-Qualified Stock Option financial

"Non-Qualified Stock Option (right to buy)"

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.

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.

time based Stock Option Grant financial

"This time based Stock Option Grant vested as to 1/4 on 8/31/2020"

open-market sale financial

"Sale in open market or private transaction"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Extreme Networks (EXTR) CEO Edward Meyercord do in this Form 4?

Edward Meyercord exercised options for 50,000 Extreme Networks shares at $6.70 each, then sold 50,000 shares at a weighted average of $15.3037. After these transactions, he directly owns 1,897,270 Extreme Networks common shares.

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

The CEO sold 50,000 Extreme Networks shares at a weighted average price of $15.3037 per share. According to the disclosure, individual trades occurred within a price range of $15.18 to $15.45 per share on the transaction date.

Were Edward Meyercord’s Extreme Networks (EXTR) trades pre-planned?

Yes. 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 this 50,000-share sale was set in advance rather than decided opportunistically.

How many Extreme Networks (EXTR) shares does the CEO own after the Form 4 trades?

Following the reported option exercise and share sale, Edward Meyercord directly owns 1,897,270 Extreme Networks common shares. This shows that the 50,000 shares sold on April 1, 2026 represent a relatively small portion of his total direct holdings.

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

He exercised a Non-Qualified Stock Option for 50,000 shares with a $6.70 exercise price. Footnotes state this time-based option vested 25% on August 31, 2020, with the remaining three-quarters vesting in equal quarterly installments thereafter.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/02/2026 - 04:19 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT AND CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		M		50,000	A	$6.7	1,947,270	D
Common Stock	04/01/2026		S		50,000(1)	D	$15.3037(2)	1,897,270	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	$6.7	04/01/2026		M			50,000	08/31/2020(3)	08/28/2026	Common Stock	50,000	$0	174,573	D

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 $15.18 to $15.45 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/ Katayoun ("Katy") Motiey, Power of Attorney for Ed Meyercord	04/02/2026
	** Signature of Reporting Person	Date
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)