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Extreme Networks (NASDAQ: EXTR) CEO sells 100K shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Extreme Networks President and CEO Edward Meyercord reported open-market sales of 100,000 shares of the company’s Common Stock. The transactions occurred on May 4, 2026 and May 5, 2026 at weighted average prices of $23.0596 and $23.117 per share, respectively.

After these sales, Meyercord directly holds 1,797,270 shares of Extreme Networks Common Stock. The filing notes that the transactions were executed pursuant to his Rule 10b5-1 trading plan dated August 28, 2025, and that prices reflect weighted averages across multiple trades within narrow price ranges.

Positive

  • None.

Negative

  • None.
Insider MEYERCORD EDWARD
Role PRESIDENT AND CEO
Sold 100,000 shs ($2.31M)
Type Security Shares Price Value
Sale Common Stock 21,209 $23.117 $490K
Sale Common Stock 78,791 $23.0596 $1.82M
Holdings After Transaction: Common Stock — 1,797,270 shares (Direct, null)
Footnotes (1)
  1. Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 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 $23.00 to $23.20 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.28 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.
Total shares sold 100,000 shares Open-market sales reported in Form 4
Shares sold on May 4, 2026 78,791 shares Common Stock, open-market sale at weighted avg price
Shares sold on May 5, 2026 21,209 shares Common Stock, open-market sale at weighted avg price
Weighted avg price May 4, 2026 $23.0596 per share Common Stock sale price, multiple trades in range
Weighted avg price May 5, 2026 $23.1170 per share Common Stock sale price, multiple trades in range
Post-transaction holdings 1,797,270 shares Common Stock directly owned after reported sales
10b5-1 plan date August 28, 2025 Plan governing the reported sales
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.
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": "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.
non-derivative financial
""transaction_type": "non-derivative""
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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)
05/04/2026		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 Stock05/04/2026S78,791(1)D$23.0596(2)1,818,479D
Common Stock05/05/2026S21,209(1)D$23.117(3)1,797,270D
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
Explanation of Responses:
1. Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 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 $23.00 to $23.20 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.28 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.
/s/ Daniel Ricks, Power of Attorney for Edward Meyercord05/06/2026
** 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 transaction did EXTR CEO Edward Meyercord report on this Form 4?

Edward Meyercord reported selling a total of 100,000 shares of Extreme Networks Common Stock in open-market transactions. The sales took place over two days at weighted average prices just above $23 per share, as detailed in the Form 4 filing.

On what dates did EXTR CEO Edward Meyercord sell shares?

Edward Meyercord sold Extreme Networks shares on May 4, 2026 and May 5, 2026. Each day’s sale is reported separately in the Form 4, including the number of shares sold and the corresponding weighted average sale price per share.

How many Extreme Networks (EXTR) shares does the CEO hold after these sales?

Following the reported sales, Edward Meyercord directly holds 1,797,270 shares of Extreme Networks Common Stock. This post-transaction ownership figure appears in the Form 4 and reflects his remaining direct stake after the two open-market sale transactions.

What were the sale prices for EXTR shares in Edward Meyercord’s Form 4?

The filing shows weighted average sale prices of $23.0596 per share on May 4, 2026, and $23.1170 per share on May 5, 2026. Footnotes explain that each total consists of multiple trades within narrow price ranges around those averages.

Were Edward Meyercord’s EXTR share sales made under a Rule 10b5-1 plan?

Yes. A footnote states the transactions were made under Edward Meyercord’s Rule 10b5-1 Plan dated August 28, 2025. Such plans pre-schedule trades, meaning the sales were arranged in advance rather than decided at the time of execution.

What type of transactions are disclosed in this EXTR Form 4 filing?

The Form 4 reports open-market sales of Extreme Networks Common Stock coded as “S,” described as sales in open market or private transactions. All reported entries involve non-derivative common shares held directly by Edward Meyercord.