RHODES KEVIN R 4

What Happened

• Kevin R. Rhodes, CFO of Extreme Networks (EXTR), had a derivative award convert/vest into 9,819 shares on Feb 15, 2026 (reported on a Form 4 filed Feb 17, 2026). Of those shares, 4,355 were withheld/disposed to cover tax withholding at $14.46 per share, totaling $62,973. The remaining vested shares were delivered to Rhodes. The transactions are reported as derivative conversions/settlements (code M) with tax withholding (code F).

Key Details

• Transaction date: 2026-02-15; Form 4 filed: 2026-02-17 (timely).
• Conversion/vesting: 9,819 shares acquired at $0.00 (derivative settlement/RSU release).
• Tax withholding: 4,355 shares disposed at $14.46 each = $62,973 to cover withholding.
• Footnotes: F1 notes an additional 1,220 shares from the company ESPP are included in the reported total; F2 confirms shares were withheld to pay income/payroll taxes; F3 describes the award as time‑based RSUs with a multi‑period vesting schedule.
• Shares owned after the transaction are not disclosed in the provided excerpt.

Context

• This appears to be routine RSU vesting/settlement rather than an open‑market sale or a purchase — withholding shares for taxes is common and does not necessarily indicate a change in sentiment. The M codes reflect conversion/settlement of equity awards; the F code indicates shares were surrendered to satisfy tax obligations.