MEYERCORD EDWARD 4

What Happened
Edward Meyercord, President and CEO of Extreme Networks (EXTR), exercised stock options and sold shares on May 1, 2026. The filing shows an exercise/acquisition of 50,000 shares at $6.70 per share (cash paid $335,000), followed by an open-market sale of 50,000 shares at a weighted average price of $22.08 for proceeds of $1,104,220. The report also lists a separate derivative conversion of 50,000 shares reported at $0.00 (no cash reported).

Key Details

• Transaction date: 2026-05-01.
• Exercise: 50,000 shares acquired at $6.70 each (total cash $335,000).
• Sale: 50,000 shares sold at a weighted average $22.08 (total proceeds $1,104,220); sale prices ranged $21.70–$22.41 per share (see footnote F2).
• Additional line: 50,000-share derivative conversion reported at $0.00 (no cash).
• Shares owned after the transaction: not disclosed in this filing.
• Footnotes: 10b5-1 trading plan adopted 08-28-2025 (F1); option vesting schedule referenced (F3).
• Filing timeliness: filing date 2026-05-04 for trades on 2026-05-01 (no late-filing indication in the report).

Context
Because the exercise and sale occurred on the same date, this appears to be a same-day exercise followed by sale (commonly a cashless outcome), turning option value into cash. The sale was executed under a 10b5-1 plan per the filing, which often indicates preplanned transactions rather than opportunistic trading. As with all insider trades, this is factual reporting of activity and should not be taken alone as a signal of company outlook.