Extreme Networks CEO sells 50,000 shares
Extreme Networks President and CEO Edward Meyercord reported an exercise-and-sell transaction in company stock.
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Form Type
4
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
Exercise and Sale: 50,000 shares ($1.25M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
MEYERCORD EDWARD
Role
PRESIDENT AND CEO
Sold
50,000 shs ($1.59M)
Approx. gross sale proceeds
$1.59M
Approx. exercise cost
$335K
Approx. pre-tax spread
$1.25M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 50,000 | $0.00 | $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 contracts (Direct);
Common Stock — 1,621,902 shares (Direct)
Footnotes (3)
- F1. Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 08/28/2025.
- F2. 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.
- F3. 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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
