Extreme Networks (EXTR) director reported routine equity activity. On 11/12/2025, the director received a grant of 11,767 restricted stock units (RSUs) at $0 and settled previously awarded RSUs into 13,354 shares of common stock at $0 (transaction code M).
Following these transactions, the director beneficially owned 93,517 shares directly. The new RSUs were granted under the Extreme Networks, Inc. 2013 Equity Incentive Plan and vest on the earlier of the one-year anniversary of grant or the next annual meeting of shareholders, provided the vesting period is at least 50 weeks after grant.
Extreme Networks (EXTR): Director equity activity reported. Director Kathleen M. Holmgren reported equity transactions dated 11/12/2025. She received an award of 11,767 restricted stock units (RSUs) pursuant to the company’s 2013 Equity Incentive Plan, which vest on the earlier of the one-year anniversary of grant or the next annual meeting of shareholders, with a minimum vesting period of 50 weeks.
On the same date, 13,354 RSUs vested and were settled into common stock at $0, reflected as an acquisition of 13,354 shares. Following these transactions, 238,829 common shares were beneficially owned indirectly by the Holmgren Family Rev Living Trust (Trustee: Kathleen Holmgren).
Extreme Networks (EXTR) reported an insider equity update by director John C. Shoemaker. On 11/12/2025, 13,354 previously awarded restricted stock units (RSUs) were settled into common stock at $0, lifting his beneficial ownership to 582,345 shares, held indirectly by a trust.
On the same date, he received a new grant of 11,767 RSUs under the company’s 2013 Equity Incentive Plan. These RSUs vest on the earlier of the one-year anniversary of grant or the next annual meeting of shareholders, with a minimum vesting period of 50 weeks. A footnote notes total holdings include shares in the Shoemaker Living Trust and 7,200 shares held separately by Mr. Shoemaker’s spouse.
Extreme Networks (EXTR) director Raj Khanna reported equity activity on 11/12/2025. He settled 13,354 restricted stock units (RSUs) into an equal number of common shares at $0 and received a new grant of 11,767 RSUs under the 2013 Equity Incentive Plan. Following these transactions, 230,062 common shares were beneficially owned indirectly by The Khanna 2002 Revocable Trust. The newly granted RSUs vest on the earlier of the one-year anniversary of grant or the next annual shareholder meeting, subject to a minimum 50-week vesting period.
Extreme Networks (EXTR) director Charles Carinalli reported equity transactions on 11/12/2025 on Form 4. The filing shows a grant of 11,767 restricted stock units (RSUs) under the company’s 2013 Equity Incentive Plan. These RSUs vest on the earlier of the one‑year anniversary of grant or the next annual meeting of shareholders, provided the vesting period is at least 50 weeks.
The filing also records the settlement of 13,354 RSUs into common stock at a price of $0 per share. Following the reported transactions, 380,147 shares of common stock were beneficially owned indirectly by the CARINALLI 1996 LIVING TRUST.
Extreme Networks (EXTR) reported results of its November 12, 2025 annual meeting. Shareholders elected seven directors for one-year terms. There were 133,652,565 shares entitled to vote and 117,132,707 shares were voted in person or by proxy.
Advisory pay was approved with 97,922,278 votes for, 5,714,907 against, and 566,205 abstaining. Grant Thornton LLP was ratified as auditor with 116,578,376 votes for, 60,129 against, and 494,202 abstaining. Shareholders approved an amendment and restatement of the 2013 Equity Incentive Plan to add 6,800,000 shares reserved for issuance, with 88,997,473 votes for, 14,651,251 against, and 554,666 abstaining. Broker non-votes were 12,929,317 across applicable items.
Extreme Networks (EXTR) furnished a Reg FD 8-K stating it issued a press release with financial guidance for the full fiscal year 2026, which ends June 30, 2026. The announcement coincided with the Company’s Investor Day on November 10, 2025, and the release is provided as Exhibit 99.1.
The Company notes the information under Item 7.01, including Exhibit 99.1, is furnished, not filed, and will not be incorporated by reference into other SEC filings except if expressly referenced.
Extreme Networks (EXTR) reported Q1 FY26 results for the quarter ended September 30, 2025. Net revenues were $310.2 million, up from $269.2 million a year ago, driven by higher product sales and steady subscription and support. The company returned to profitability with net income of $5.6 million versus a prior-year loss of $10.5 million, and diluted EPS of $0.04.
Revenue mix shifted geographically: EMEA rose to $121.2 million and APAC to $39.7 million, while the Americas were $149.3 million. Deferred revenue totaled $632.2 million in remaining performance obligations, with 43% expected to be recognized in the remainder of fiscal 2026.
Cash and cash equivalents were $209.0 million (down from $231.7 million at June 30), with operating cash flow of $(14.0) million. Total debt was $199.4 million. The company repurchased 577,281 shares for $12.0 million under its $200 million authorization. As of October 24, 2025, shares outstanding were 133,718,479.
Extreme Networks (EXTR) furnished a Form 8-K announcing it issued a press release with certain financial results for the quarter ended September 30, 2025. The press release is included as Exhibit 99.1.
The company states the information under Item 2.02, including Exhibit 99.1, is furnished, not filed under the Exchange Act and is not incorporated by reference into other SEC filings except as specifically referenced. EXTR’s common stock trades on the NASDAQ Global Select Market.
Extreme Networks reported improved fiscal 2025 financial results and detailed executive and equity compensation policies. Net revenues rose to $1.14 billion, up 2% from fiscal 2024. GAAP gross margin widened to 62.2% (from 56.5%) and non-GAAP gross margin to 62.9% (from 57.2%). The company recorded a GAAP net loss of $7.5 million (loss of $0.06 per share) versus a $86.0 million loss a year earlier, while non-GAAP net income was $112.4 million ($0.84 per share) versus $43.4 million ($0.33). Operating cash flow improved to $152.0 million and cash totaled $231.7 million at June 30, 2025.
The proxy discloses compensation features: director annual RSU awards based on a $215,000 target, CEO and NEO equity mix of PSUs and time-based RSUs, EIP short-term payouts at ~89.9% of target, PSUs tied to TSR vs. the Russell 2000, stock ownership guidelines (CEO 5x salary; other NEOs 2x), claw-back policy, and plan provisions prohibiting single-trigger change-in-control vesting and repricing without shareholder approval.