MEYERCORD EDWARD 4

What Happened Edward Meyercord, President & CEO and a director of Extreme Networks (EXTR), converted/received a total of 40,616 shares on Feb 15, 2026 (two conversions: 11,721 and 28,895 shares). To satisfy tax withholding on the release, 15,984 shares were withheld (4,613 and 11,371 shares) at a withholding value of $14.46 per share, totaling $231,129. The transactions were reported on a Form 4 filed Feb 17, 2026.

Key Details

• Transaction dates: Feb 15, 2026; Form 4 filed Feb 17, 2026 (timely filing).
• Converted/issued (derivative exercise/conversion, code M): 11,721 and 28,895 shares (total 40,616).
• Withheld for taxes (code F): 4,613 and 11,371 shares (total 15,984) at $14.46 each = $66,704 + $164,425 = $231,129.
• Footnotes:
  • F1: An additional 1,220 shares are included reflecting a non-reportable ESPP purchase.
  • F2: Withheld shares represent payment of applicable income and payroll taxes on release.
  • F3: The awards are time‑based RSUs vesting per the original grant schedule (1/3 at one year, then 1/12 each quarter).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No open‑market sale disclosed beyond shares withheld for taxes (this is a net settlement/tax withholding, not a market sale).

Context

• These entries reflect the conversion/release of equity award derivatives (time‑based RSUs) and the company withholding a portion of the released shares to cover taxes — a routine administrative step common on vesting. This differs from an open‑market sale of shares and does not necessarily indicate a change in insider sentiment.