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Extreme Networks CEO exercises 40,616 RSUs

Extreme Networks president and CEO Edward Meyercord exercised 40,616 Restricted Stock Units into an equal number of common shares on May 15, 2026, at a $0 exercise price.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Extreme Networks president and CEO Edward Meyercord exercised 40,616 Restricted Stock Units into an equal number of common shares on May 15, 2026, at a $0 exercise price. In connection with the RSU release, 15,984 common shares valued at $24.66 per share were withheld to pay applicable income and payroll taxes. These transactions are not designated as being made under a Rule 10b5-1 trading plan.

Positive

  • None.

Negative

  • None.
Insider MEYERCORD EDWARD
Role PRESIDENT AND CEO
Type Security Shares Price Value
Exercise Restricted Stock Units 11,721 $0.00 $0.00
Exercise Restricted Stock Units 28,895 $0.00 $0.00
Exercise Common Stock 11,721 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 4,613 $24.66 $114K
Exercise Common Stock 28,895 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 11,371 $24.66 $280K
Holdings After Transaction: Restricted Stock Units — 156,196 contracts (Direct); Common Stock — 1,821,902 shares (Direct)
Footnotes (2)
  1. F1. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
  2. F2. 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.
RSUs exercised 40,616 shares Total Restricted Stock Units converted to common stock on May 15, 2026
Shares withheld for taxes 15,984 shares Common shares withheld in connection with RSU release at $24.66 per share
Withholding share price $24.66 per share Per-share value used for stock withheld for income and payroll tax liabilities
RSU exercise transactions 2 transactions Number of derivative (RSU) exercises reported for May 15, 2026
Tax-related dispositions 2 transactions Number of code F transactions for payment of exercise price or tax liability
Restricted Stock Units financial
"security_title: Restricted Stock Units"
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.
exercise-price-or-tax-liability disposition financial
"transaction_action: exercise-price-or-tax-liability disposition"
Time-based RSU award financial
"This Time-based RSU award vests from the original grant date"
income and payroll withholding taxes financial
"payment of applicable income and payroll withholding taxes due on release"

FAQ

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

What insider activity did Extreme Networks (EXTR) CEO Edward Meyercord report?

Edward Meyercord reported exercising 40,616 Restricted Stock Units into common stock on May 15, 2026. In the same report, 15,984 shares of common stock were withheld at $24.66 per share to satisfy income and payroll tax obligations tied to the RSU release.

How many Extreme Networks (EXTR) RSUs did the CEO convert to common stock?

The CEO converted 40,616 Restricted Stock Units into an equal number of Extreme Networks common shares. These conversions occurred through two RSU exercise transactions, each at a stated $0.00 exercise price, reflecting time-based vesting rather than a traditional option strike price.

How many Extreme Networks (EXTR) shares were withheld for taxes and at what price?

A total of 15,984 common shares of Extreme Networks were withheld to cover income and payroll taxes. The withheld shares were valued at $24.66 per share, consistent with transactions coded as payment of tax liability by delivering or withholding securities.

Were Extreme Networks (EXTR) CEO’s transactions under a Rule 10b5-1 trading plan?

No, these transactions are not designated as being under a Rule 10b5-1 trading plan. The report’s Rule 10b5-1 checkbox is marked negative, indicating the exercises and related share withholdings were not executed pursuant to a pre-arranged trading plan.

What types of securities did the Extreme Networks (EXTR) Form 4 cover?

The report covers both Restricted Stock Units and the related common stock of Extreme Networks. RSUs were exercised into common shares, and a portion of those common shares was withheld to satisfy tax obligations associated with the vesting and release of the RSU awards.

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

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Learn about SEC filing dates
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)
05/15/2026
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 Stock05/15/2026M11,721A$01,808,991D
Common Stock05/15/2026F4,613(1)D$24.661,804,378D
Common Stock05/15/2026M28,895A$01,833,273D
Common Stock05/15/2026F11,371(1)D$24.661,821,902D
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$005/15/2026M11,72108/15/2024(2)08/15/2026Common Stock11,721$011,721D
Restricted Stock Units$005/15/2026M28,89508/15/2025(2)08/15/2027Common Stock28,895$0144,475D
Explanation of Responses:
1. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
2. 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 Meyercord05/18/2026
** 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)

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