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Extreme Networks (EXTR) CEO sells 50,000 shares after option exercise

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

Rhea-AI Filing Summary

Extreme Networks president and CEO Edward Meyercord exercised a Non-Qualified Stock Option covering 24,573 shares of common stock at an exercise price of $6.70 per share on 2026-08-03.

On the same date he sold a total of 50,000 shares of common stock in multiple transactions at weighted average prices of $29.7848 and $29.7857 per share, pursuant to a Rule 10b5-1 Plan dated 08/28/2025.

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Insider MEYERCORD EDWARD
Role PRESIDENT AND CEO
Sold 50,000 shs ($1.49M)
Approx. gross sale proceeds $1.49M
Approx. exercise cost $165K
Type Security Shares Price Value
Exercise Non-Qualified Stock Option (right to buy) F4 24,573 $0.00 $0.00
Exercise Common Stock 24,573 $6.70 $165K
Sale Common Stock F1, F2 24,573 $29.7848 $732K
Sale Common Stock F1, F3 25,427 $29.7857 $757K
Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 0 shares (Direct); Common Stock — 1,596,475 shares (Direct)
Footnotes (4)
  1. F1. Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 08/28/2025.
  2. F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.48 to $30.07 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. F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.50 to $30.07 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.
  4. F4. This time based Stock Option Grant vested as to 1/4 on 8/31/2020 and 1/16 each quarter thereafter.
Shares acquired via option exercise 24,573 shares Non-Qualified Stock Option transaction dated 2026-08-03
Option exercise price $6.70 per share Conversion or exercise price of Non-Qualified Stock Option
Total shares sold 50,000 shares Common Stock sales on 2026-08-03 across two transactions
Weighted average sale price (24,573 shares) $29.7848 per share Common Stock sale; underlying trades ranged from $29.48 to $30.07
Weighted average sale price (25,427 shares) $29.7857 per share Common Stock sale; underlying trades ranged from $29.50 to $30.07
Rule 10b5-1 plan date 08/28/2025 Plan governing reported sales by the CEO
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 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.
time based Stock Option Grant financial
"This time based Stock Option Grant vested as to 1/4 on 8/31/2020"

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

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FAQ

What insider stock transactions did EXTR's CEO Edward Meyercord report?
Edward Meyercord reported exercising a Non-Qualified Stock Option for 24,573 shares at $6.70 per share and selling 50,000 shares of common stock. The sales occurred in multiple trades at weighted average prices around $29.78 per share.

How many Extreme Networks (EXTR) shares did the CEO sell on August 3, 2026?
On 2026-08-03, the CEO sold a total of 50,000 shares of Extreme Networks common stock. These were executed in two blocks of 24,573 and 25,427 shares at weighted average prices of $29.7848 and $29.7857 per share.

At what price did EXTR's CEO exercise his stock options?
The CEO exercised a Non-Qualified Stock Option at an exercise price of $6.70 per share for 24,573 underlying shares of common stock. This option had an expiration date of 2026-08-28 and was described as a time-based stock option grant.

Were Edward Meyercord's EXTR share sales under a Rule 10b5-1 plan?
Yes, the reported sales were made pursuant to a Rule 10b5-1 Plan dated 08/28/2025. The plan-based nature of these trades means they were pre-arranged, and the filing also checks the Rule 10b5-1 affirmation box as applicable.

What price ranges applied to the EXTR CEO's stock sales on August 3, 2026?
The weighted average sale prices were $29.7848 and $29.7857 per share. Footnotes state the underlying trade prices ranged from $29.48 to $30.07 and $29.50 to $30.07 per share across multiple transactions.

Did Edward Meyercord retain any of the EXTR shares from the option exercise?
The filing reports an option exercise for 24,573 shares and total sales of 50,000 shares of common stock. It does not state the CEO’s total holdings after these transactions, so any remaining position is not quantified here.
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)
08/03/2026		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 Stock08/03/2026M24,573A$6.71,646,475D
Common Stock08/03/2026S24,573(1)D$29.7848(2)1,621,902D
Common Stock08/03/2026S25,427(1)D$29.7857(3)1,596,475D
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
Non-Qualified Stock Option (right to buy)$6.708/03/2026M24,57308/31/2020(4)08/28/2026Common Stock24,573$00D
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 $29.48 to $30.07 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 $29.50 to $30.07 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.
4. This time based Stock Option Grant vested as to 1/4 on 8/31/2020 and 1/16 each quarter thereafter.
/s/ Daniel Ricks, Power of Attorney for Edward Meyercord08/04/2026
** 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