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Extreme Networks (EXTR) CFO logs RSU vesting, share grant and tax withholding transactions

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

EXTREME NETWORKS INC EVP and CFO Kevin R. Rhodes reported a series of stock-based compensation events and related tax withholdings. On May 30, 2026, restricted stock units for 11,860 shares of common stock were converted, and 5,260 shares were withheld to cover income and payroll taxes, according to the footnotes.

On June 1, 2026, 22,722 additional shares were withheld for tax obligations tied to a performance-based award, while 51,233 shares of common stock were granted to Rhodes at no cost upon certification of performance conditions by the Compensation Committee. Following these transactions, he directly held 209,018 shares of common stock. All dispositions were for tax withholding rather than open-market sales, indicating routine administration of equity compensation awards.

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Insider RHODES KEVIN R
Role EVP Chief Financial Officer
Type Security Shares Price Value
Grant/Award Common Stock 51,233 $0.00 --
Tax Withholding Common Stock 22,722 $28.13 $639K
Exercise Restricted Stock Units 11,860 $0.00 --
Exercise Common Stock 11,860 $0.00 --
Tax Withholding Common Stock 5,260 $26.51 $139K
Holdings After Transaction: Common Stock — 209,018 shares (Direct, null); Restricted Stock Units — 0 shares (Direct, null)
Footnotes (1)
  1. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release. Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 05/30/2023. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 06/01/2026. 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.
RSU conversion 11,860 shares Restricted Stock Units converted to common stock on May 30, 2026
Tax withholding (May 30, 2026) 5,260 shares at $26.51 Shares withheld to pay income and payroll taxes
Tax withholding (June 1, 2026) 22,722 shares at $28.13 Additional shares withheld for tax obligations on released award
Performance share grant 51,233 shares Common stock issued upon certification of performance award on June 1, 2026
Shares held after transactions 209,018 shares Direct common stock holdings of Kevin Rhodes following reported events
Total tax-withheld shares 27,982 shares Combined May 30 and June 1, 2026 tax-withholding dispositions
Restricted Stock Units financial
"The security title includes Restricted Stock Units, which converted into common stock."
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.
tax-withholding disposition financial
"The transaction action is described as a tax-withholding disposition of shares."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"One transaction is labeled as a derivative exercise/conversion of RSUs."
performance award financial
"Shares were issued pursuant to a performance award dated 05/30/2023."
Compensation Committee financial
"Performance shares were earned after certification by the Compensation Committee."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
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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).
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*
RHODES KEVIN R
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/30/2026		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 Stock05/30/2026M11,860A$0163,045D
Common Stock05/30/2026F5,260(1)D$26.51157,785D
Common Stock06/01/2026A51,233(2)A$0209,018D
Common Stock06/01/2026F22,722(1)D$28.13186,296D
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$005/30/2026M11,86005/30/2024(3)05/30/2026Common Stock11,860$00D
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. Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 05/30/2023. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 06/01/2026.
3. 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 Kevin R Rhodes06/02/2026
** 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 did Extreme Networks (EXTR) CFO Kevin Rhodes report in this Form 4?

Kevin Rhodes reported equity compensation activity, including RSU vesting, share grants, and shares withheld for taxes. The filing shows routine administration of stock-based pay, rather than open-market purchases or sales of Extreme Networks common stock by the CFO.

How many Extreme Networks shares were granted to CFO Kevin Rhodes?

Rhodes received a grant of 51,233 shares of Extreme Networks common stock at no cost. The grant was tied to a performance award dated May 30, 2023, with shares earned after performance conditions were certified by the Compensation Committee on June 1, 2026.

How many Extreme Networks shares were withheld for Kevin Rhodes’ tax obligations?

A total of 27,982 shares of Extreme Networks common stock were withheld to cover income and payroll taxes. This includes 5,260 shares on May 30, 2026, and 22,722 shares on June 1, 2026, all related to the release of share-based awards.

Did Extreme Networks CFO Kevin Rhodes sell any shares on the open market?

The Form 4 does not show any open-market sales by Rhodes. All dispositions use code F, meaning shares were withheld by the company to satisfy tax liabilities tied to equity awards, not discretionary sales into the market by the CFO.

How many Extreme Networks shares does Kevin Rhodes hold after these transactions?

After the reported transactions, Rhodes directly holds 209,018 shares of Extreme Networks common stock. This figure reflects the net result after RSU conversions, performance-based share grants, and shares withheld to satisfy related tax obligations on the released awards.

What equity awards for Extreme Networks vested or converted for Kevin Rhodes?

An RSU award for 11,860 shares converted into common stock, fully exhausting that derivative position. In addition, a separate performance award dated May 30, 2023 resulted in 51,233 shares being issued once the Compensation Committee certified performance results on June 1, 2026.