MEYERCORD EDWARD 4

What Happened

• Edward Meyercord, President & CEO of Extreme Networks (EXTR), reported multiple transactions. He sold a total of 150,000 common shares in open-market transactions (8,600 at a weighted avg ~$27.03, 41,400 at ~$27.77, and 100,000 at ~$29.20) for aggregate proceeds of roughly $4.30M.
• He also exercised 50,000 option shares on 2026-06-01 at an exercise price of $6.70 (cash paid $335,000) and a separate line shows disposition of 50,000 derivative shares at $0.00 (likely tax withholding related to the exercise). These actions are sales/option exercises — not purchases.

Key Details

• Filing date: 2026-06-02; Report covers trades on 2026-06-01 and 2026-06-02.
• Sales: 8,600 shares @ weighted avg $27.03 (range $26.76–$27.23; F2) = $232,432; 41,400 shares @ weighted avg $27.77 (range $27.24–$28.23; F3) = $1,149,719; 100,000 shares @ weighted avg $29.20 (range $29.00–$29.39; F4) = $2,919,500. Total open-market sales ≈ $4,301,651.
• Option exercise: 50,000 shares acquired by exercise @ $6.70 = $335,000. A disposition of 50,000 derivative shares at $0.00 is reported (likely to cover withholding).
• Plan/footnotes: Filing notes a 10b5-1 plan dated 08/28/2025 (F1) and a vesting schedule for the option grant (time‑based vesting described in F5).
• Shares owned after transactions: not specified in the Form 4 filing.

Context

• The filing shows an option exercise with associated share disposition consistent with tax withholding (exercise + sell/withhold). Several sales were executed under varying prices and include a 10b5-1 plan reference, which indicates at least some sales were pre‑planned.
• For retail investors: sales by executives are common and can be for many personal reasons (taxes, diversification, liquidity). Purchases generally convey stronger bullish signals than routine sales; this filing reports net selling combined with an option exercise.