Extreme Networks (NASDAQ: EXTR) CFO converts RSUs, withholds shares for tax obligations

Rhea-AI Filing Summary

EXTREME NETWORKS INC executive vice president and chief financial officer Kevin R. Rhodes reported equity award activity involving restricted stock units and common stock. He exercised 11,860 restricted stock units, converting them into 11,860 shares of common stock at a stated price of $0.0000 per share.

In connection with this release, 5,260 common shares were disposed of at $13.9800 per share to cover applicable income and payroll withholding taxes, according to the footnote. After these transactions, he directly held 158,132 shares of common stock. The time-based RSU award vests over time, with one-third vesting on the first anniversary of the original grant date and one-twelfth vesting each quarter thereafter.

SEC Form 4

FORM 4

UNITED 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

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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 NC 27560

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EXTREME NETWORKS INC [ EXTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/28/2026		M		11,860	A	$0	163,392	D
Common Stock	02/28/2026		F		5,260(1)	D	$13.98	158,132	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	02/28/2026		M			11,860	05/30/2024(2)	05/30/2026	Common Stock	11,860	$0	11,860	D

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/ Katayoun ("Katy") Motiey, Power of Attorney for Kevin Rhodes	03/03/2026
	** Signature of Reporting Person	Date
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.
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FAQ

What insider transactions did EXTR CFO Kevin R. Rhodes report on this Form 4?

Kevin R. Rhodes reported exercising 11,860 restricted stock units into 11,860 common shares and a related tax-withholding disposition of 5,260 common shares at $13.9800 per share, all dated February 28, 2026, with direct ownership reported throughout.

How many EXTR common shares does Kevin R. Rhodes own after these transactions?

After the reported transactions, Kevin R. Rhodes directly owns 158,132 shares of EXTR common stock. This figure reflects the RSU conversion of 11,860 shares and the tax-withholding disposition of 5,260 shares, as shown in the post-transaction share balances on the Form 4.

What does the RSU exercise reported by EXTR’s CFO involve?

The RSU exercise involves converting 11,860 restricted stock units into 11,860 common shares at a stated price of $0.0000 per share. This is characterized as an exercise or conversion of a derivative security, increasing the number of common shares directly held by the executive.

Why were 5,260 EXTR shares disposed of in the Form 4 filing?

The 5,260 common shares were withheld to pay applicable income and payroll withholding taxes due upon the release of the share award. The Form 4 identifies this as a tax-withholding disposition at $13.9800 per share, rather than an open-market sale initiated for investment purposes.

How does the EXTR time-based RSU award reported here vest over time?

The time-based RSU award vests one-third on the first anniversary of the original grant date, then one-twelfth each quarter thereafter. This schedule means vesting is front-loaded after year one and continues quarterly, gradually converting RSUs into common shares as conditions are met.

Is the EXTR CFO’s ownership in this Form 4 direct or through an entity?

The Form 4 reports all positions as direct ownership, coded “D” with no separate entity named in the nature of ownership. There are no footnotes indicating that the shares are held by a trust, LLC, or other entity or that beneficial ownership is disclaimed.