[Form 4] Extreme Networks Insider Trading Activity

Rhea-AI Filing Summary

Ed Meyercord, President & CEO and Director of Extreme Networks (EXTR), reported multiple share transactions on 08/15/2025. The Form 4 shows a series of issuances and tax-withholdings tied to restricted stock units and performance shares, resulting from vesting and committee certification of performance awards. After the reported transactions his direct beneficial ownership increased to 1,928,825 shares at the high point reported and reflects consolidated totals after withholding and release events.

The filing records awards delivered at $0 (RSU and performance share releases) and share-withholdings to satisfy payroll and income taxes at an effective disposal price of $19.72 per share for multiple withholding transactions. A power of attorney signature was provided by Katayoun Motiey on 08/18/2025.

Positive

• Substantial vesting of long-term incentive awards (RSUs and performance shares) occurred, increasing the reporting person's direct beneficial ownership
• Performance awards were certified by the Compensation Committee, indicating achievement of specified performance conditions for at least one tranche

Negative

• Significant share withholding for taxes occurred across multiple tranches (e.g., 152,103 and 45,413 shares withheld), reducing net delivered shares
• No open-market purchases were reported; acquisitions reflect compensation vesting not new cash investment by the reporting person

Insights

Corporate Governance Expert

TL;DR: CEO reported routine equity compensation vesting and tax withholding; increases in reported beneficial ownership reflect awarded shares becoming deliverable.

The Form 4 documents standard executive equity activity: time-based restricted stock units vesting across tranches and performance-based awards that were certified by the Compensation Committee on 08/15/2025. Multiple RSU and performance share releases were reported as acquisitions at $0, consistent with grant vesting rather than open-market purchases. Corresponding dispositions coded as F indicate shares withheld to cover tax obligations, executed at $19.72 per share. The net result is material incremental direct ownership increases reported in the filing, which are typical when long-term incentive awards vest and are delivered.

Securities Analyst

TL;DR: Activity is impactful to insider ownership figures but not an open-market buy or sell signal; it's compensation-related issuance and tax withholding.

The filing shows aggregate movements: multiple RSU tranches (including 38,673; 11,721; 115,407; 294,117) and performance shares (including tranches totaling 502,059 across reported lines) with corresponding increases in beneficial ownership counts up to 1,928,825 shares in one line. Tax-withholding disposals reduced delivered share counts (with blocks of 15,218; 4,613; 45,413; 152,103; 45,458 shares withheld at $19.72). These are non-market-compensatory transfers that alter reported insider holdings but do not reflect discretionary trading for cash proceeds beyond tax settlements.

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
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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^*

MEYERCORD EDWARD

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		M		38,673	A	$0	1,480,404(1)	D
Common Stock	08/15/2025		F		15,218(2)	D	$19.72	1,465,186	D
Common Stock	08/15/2025		M		11,721	A	$0	1,476,907	D
Common Stock	08/15/2025		F		4,613(2)	D	$19.72	1,472,294	D
Common Stock	08/15/2025		M		115,407	A	$0	1,587,701	D
Common Stock	08/15/2025		F		45,413(2)	D	$19.72	1,542,288	D
Common Stock	08/15/2025		M		386,537	A	$0	1,928,825	D
Common Stock	08/15/2025		F		152,103(2)	D	$19.72	1,776,722	D
Common Stock	08/15/2025		M		115,522	A	$0	1,892,244	D
Common Stock	08/15/2025		F		45,458(2)	D	$19.72	1,846,786	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	08/15/2025		M			38,673	08/15/2023(3)	08/15/2025	Common Stock	38,673	$0	0	D
Restricted Stock Units	$0	08/15/2025		M			11,721	08/15/2024(3)	08/15/2026	Common Stock	11,721	$0	46,884	D
Restricted Stock Units	$0	08/15/2025		M			115,407	08/15/2025(3)	08/15/2027	Common Stock	115,407	$0	231,160	D
Restricted Stock Units	$0	08/15/2025		A		294,117		08/15/2026(3)	08/15/2028	Common Stock	294,117	$0	294,117	D
Performance Shares	$0	08/15/2025		A		386,537		08/15/2023(4)	08/15/2025	Common Stock	386,537	$0	386,537	D
Performance Shares	$0	08/15/2025		M			386,537	08/15/2023(4)	08/15/2025	Common Stock	386,537	$0	0	D
Performance Shares	$0	08/15/2025		A		115,522		08/15/2025(5)	08/15/2027	Common Stock	115,522	$0	115,522	D
Performance Shares	$0	08/15/2025		M			115,522	08/15/2025(5)	08/15/2027	Common Stock	115,522	$0	0	D

Explanation of Responses:

1. An additional 449 shares are included in this total, reflecting non-reportable purchase of 449 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).

2. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.

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.

4. Represents one tranche of a performance award granted on 08/15/2022. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/15/2025.

5. Represents one tranche of a performance award granted on 08/15/2024. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/15/2025.

	/s/ Katayoun "Katy" Motiey, Power of Attorney for Ed Meyercord	08/18/2025
	** 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).
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FAQ

What transactions did Ed Meyercord report on Form 4 for EXTR?

The Form 4 reports receipt of restricted stock units and performance shares due to vesting and committee certification on 08/15/2025, and related share-withholdings to cover taxes at $19.72 per share.

How many shares did Meyercord beneficially own after the reported transactions?

The filing shows line items with beneficial ownership figures up to 1,928,825 shares and other consolidated totals (e.g., 1,587,701, 1,892,244), reflecting different cumulative calculations after each transaction.

Were any shares sold on the open market in this filing?

No open-market sales were reported. Dispositions coded F represent shares withheld to satisfy payroll and income tax withholding on released awards.

What triggered the performance share deliveries?

The filing states that one tranche of a performance award granted on 08/15/2022 and one tranche granted on 08/15/2024 were certified by the Compensation Committee on 08/15/2025, resulting in delivery.

Who signed the Form 4 on behalf of Ed Meyercord?

The Form 4 was signed under power of attorney by Katayoun 'Katy' Motiey on 08/18/2025.