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.
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 Trade Summary
40,616 shares exercised/converted
Exercise
6 txns
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)
- F1. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
- 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.
Key Figures
RSUs exercised: 40,616 shares
Shares withheld for taxes: 15,984 shares
Withholding share price: $24.66 per share
+2 more
5 metrics
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
Key Terms
Restricted Stock Units, exercise-price-or-tax-liability disposition, Time-based RSU award, income and payroll withholding taxes
4 terms
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.
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.