MEYERCORD EDWARD 4

What Happened
Edward Meyercord, President & CEO of Extreme Networks (EXTR), had time‑based restricted stock units (RSUs) vest on 2026-05-15. A total of 40,616 shares were issued to him at $0 (reported as conversion of derivative instruments). To satisfy tax withholding, 15,984 of those shares were withheld/disposed at $24.66 each, producing $394,166 in withholding. Net new shares added to his holdings from the vesting event were 24,632 shares.

Key Details

• Transaction date: 2026-05-15; Form filed 2026-05-18 (filing marked late).
• Vesting/Conversion: 11,721 shares and 28,895 shares (total 40,616) reported as exercised/converted (code M) at $0.00.
• Tax withholding: 4,613 shares and 11,371 shares (total 15,984) withheld/disposed (code F) at $24.66 per share = $113,757 and $280,409 respectively; total ~$394,166.
• Net effect: +24,632 shares retained by Meyercord after withholding.
• Footnotes: F1 = shares withheld to pay income/payroll taxes; F2 = time‑based RSU vesting schedule (1/3 at year one, then 1/12 each quarter).
• Filing timeliness: Marked as late (L) — the Form 4 was filed three days after the reported transactions.

Context
This was a routine RSU vesting event with a cashless share‑withholding to cover tax obligations — not an open‑market sale or purchase. The reported zero‑price "exercise/conversion" lines indicate conversion of derivative awards into common shares; the withheld shares are an administrative disposal to satisfy taxes and do not by themselves indicate a change in insider sentiment.