Extreme Networks (EXTR) CEO sells shares under Rule 10b5-1 trading plan

Filing Impact

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Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Extreme Networks President and CEO Edward Meyercord reported an exercise-and-sell transaction in company stock. He exercised options to acquire 50,000 shares of common stock at $6.70 per share, then sold 50,000 shares of common stock in open-market trades at a weighted average price of $31.71 per share, executed pursuant to his Rule 10b5-1 trading plan dated August 28, 2025. After these transactions, he directly holds 1,621,902 shares of common stock and 24,573 non-qualified stock options from this grant remain outstanding.

Insider Trade Summary 10b5-1

Net Seller: 50,000 shares ($1,585,500)

Net Sell 3 txns

Insider MEYERCORD EDWARD

Role PRESIDENT AND CEO

Sold 50,000 shs ($1.59M)

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	50,000	$0.00	--
Exercise	Common Stock	50,000	$6.70	$335K
Sale	Common Stock	50,000	$31.71	$1.59M

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 24,573 shares (Direct, null); Common Stock — 1,671,902 shares (Direct, null)

Footnotes (1)

Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 08/28/2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.41 to $32.39 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. This time based Stock Option Grant vested as to 1/4 on 8/31/2020 and 1/16 each quarter thereafter.

Key Figures

Shares sold: 50,000 shares Sale price: $31.71 per share Options exercised: 50,000 options +5 more

8 metrics

Shares sold 50,000 shares Open-market sale of common stock on July 1, 2026

Sale price $31.71 per share Weighted average sale price, trades between $31.41 and $32.39

Options exercised 50,000 options Non-qualified stock options converted into common stock

Option exercise price $6.70 per share Exercise price for non-qualified stock options

Shares held after transaction 1,621,902 shares Direct common stock holdings following reported trades

Remaining options 24,573 options Non-qualified stock options remaining from this grant

Option grant vesting start August 31, 2020 Initial vesting date for time-based stock option grant

Option expiration August 28, 2026 Expiration date for the reported non-qualified stock options

Key Terms

Rule 10b5-1 Plan, Non-Qualified Stock Option (right to buy), weighted average price, time based Stock Option Grant

4 terms

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.

Non-Qualified Stock Option (right to buy) financial

"Security title listed as Non-Qualified Stock Option (right to buy)."

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 and 1/16 each quarter thereafter."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:33 PM Accepted by SEC EDGAR 07/02/2026 - 04:31 PM

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

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	PRESIDENT AND CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/01/2026		M		50,000	A	$6.7	1,671,902	D
Common Stock	07/01/2026		S		50,000⁽¹⁾	D	$31.71⁽²⁾	1,621,902	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$6.7	07/01/2026		M			50,000	08/31/2020⁽³⁾	08/28/2026	Common Stock	50,000	$0	24,573	D

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 $31.41 to $32.39 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. 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 Meyercord	07/02/2026
	** 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.
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) CEO Edward Meyercord report in this Form 4?

Edward Meyercord reported an option exercise and share sale. He exercised 50,000 options at $6.70 per share and sold 50,000 common shares at a weighted average price of $31.71, all on July 1, 2026, under a Rule 10b5-1 plan.

How many Extreme Networks (EXTR) shares did the CEO sell and at what price?

He sold 50,000 shares of Extreme Networks common stock. The weighted average sale price was $31.71 per share, with individual trades executed between $31.41 and $32.39 per share, according to the reported price range in the Form 4 footnotes.

How many Extreme Networks (EXTR) shares does the CEO hold after these transactions?

Following the reported transactions, Edward Meyercord directly holds 1,621,902 shares of Extreme Networks common stock. This figure reflects his position after exercising 50,000 options and selling 50,000 shares on July 1, 2026, as disclosed in the filing.

What stock options did the Extreme Networks (EXTR) CEO exercise?

He exercised 50,000 non-qualified stock options with a $6.70 exercise price, each convertible into one common share. These options were part of a time-based stock option grant that vested quarterly beginning August 31, 2020, under the grant’s disclosed vesting schedule.

Were the Extreme Networks (EXTR) CEO’s stock sales pre-planned?

Yes. The Form 4 states the transactions were made pursuant to Edward Meyercord’s Rule 10b5-1 trading plan dated August 28, 2025. Such plans pre-schedule trades, meaning the timing of these sales was set in advance rather than decided on the trade date.

Does the Extreme Networks (EXTR) CEO still have stock options remaining after this exercise?

Yes. After exercising 50,000 options, 24,573 non-qualified stock options from this grant remain. These options carry a $6.70 exercise price and are scheduled to expire on August 28, 2026, according to the derivative security information in the Form 4.