MEYERCORD EDWARD 4
4 · EXTREME NETWORKS INC · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Extreme Networks (EXTR) CEO Edward Meyercord Sells 100,000 Shares
What Happened Edward Meyercord, President, CEO and a director of Extreme Networks (EXTR), sold 100,000 shares of company stock on 2026-05-26 in an open-market transaction. The reported weighted-average price was $26.10 per share (range $26.00–$26.28), for total proceeds of approximately $2,609,590. This sale was made pursuant to a pre-established 10b5-1 trading plan dated 08/28/2025.
Key Details
- Transaction date: 2026-05-26; Form 4 filed on 2026-05-28 (appears timely under the typical 2-business-day filing rule).
- Transaction type: Sale (open market) — 100,000 shares; weighted-average price $26.10; price range $26.00–$26.28.
- Total proceeds: ~$2,609,590.
- Footnotes: F1 — sale executed under the Reporting Person's 10b5-1 plan (08/28/2025). F2 — reported price is a weighted average; detailed per-price breakdown available on request.
- Shares owned after the transaction: Not disclosed in the information provided.
Context Sales made under a 10b5-1 plan are pre-arranged and generally indicate planned, not opportunistic, selling; they are common for insiders managing diversification or liquidity needs and are not, by themselves, a clear signal about future company prospects. Retail investors should consider this alongside other insider activity and company fundamentals.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-26$26.10/sh−100,000$2,609,590→ 1,721,902 total
Footnotes (2)
- [F1]Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 08/28/2025.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.00 to $26.28 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.