Extreme Networks (EXTR) CEO sells 50,000 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insights
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
Net Seller: 50,000 shares ($765,185)
Net Sell
3 txns
Insider
MEYERCORD EDWARD
Role
PRESIDENT AND CEO
Sold
50,000 shs ($765K)
| 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 | $15.3037 | $765K |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 174,573 shares (Direct);
Common Stock — 1,947,270 shares (Direct)
Footnotes (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 $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. 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
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.
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.
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.