RHODES KEVIN R 4

4 · EXTREME NETWORKS INC · Filed Jun 2, 2026

AI-generated summary of this filing

Updated Jun 2, 2026

Extreme Networks (EXTR) CFO Kevin Rhodes Exercises Options, Receives Award

What Happened

Kevin R. Rhodes, Chief Financial Officer of Extreme Networks (EXTR), exercised/converting derivative awards and received a performance RSU grant. The filing shows 11,860 shares from an exercise/conversion and a new performance award of 51,233 shares (certified 06/01/2026). To cover tax withholding, 5,260 shares (at $26.51) and 22,722 shares (at $28.13) were surrendered, representing cash value of $139,443 and $639,170 respectively (total ~$778,613).

Key Details

Transaction dates: exercises/conversions reported 05/30/2026; award certification and issuance reported 06/01/2026. Form filed 06/02/2026 (timely).
Reported share movements:
- 05/30/2026: Exercise/conversion (code M) — 11,860 shares acquired at $0.00.
- 05/30/2026: Tax withholding (code F) — 5,260 shares withheld @ $26.51 = $139,443.
- 06/01/2026: Grant/award (code A, performance RSU) — 51,233 shares issued at $0.00.
- 06/01/2026: Tax withholding (code F) — 22,722 shares withheld @ $28.13 = $639,170.
- Filing also lists a 05/30/2026 derivative disposition of 11,860 shares (code M) at $0.00 consistent with conversion/settlement reporting.
Net effect (from this filing): 63,093 shares were listed as acquired (11,860 + 51,233) and 27,982 shares were withheld for taxes (5,260 + 22,722), with withholding cash value totaling ~$778,613.
Footnotes:
- F1: Shares withheld to pay applicable income/payroll taxes.
- F2: 51,233 shares issued under a performance award dated 05/30/2023, certified by the Compensation Committee on 06/01/2026.
- F3: Time‑based RSU awards vest per original schedule (1/3 after one year, then 1/12 quarterly).
Shares owned after the transactions are not provided in the excerpt.

Context

This is primarily an award/option exercise and tax-withholding report, not an open-market sale. The withheld shares are routine and used to cover tax obligations rather than indicating a market sale for investment reasons.
For derivatives: the filing shows an exercise/conversion (code M). The simultaneous acquisition and disposition entries at $0 often reflect the mechanics of converting derivatives into shares and net-settling withholding obligations.
No indication in this filing of a 10% owner transaction, gift, or 10b5-1 plan. The filing appears timely based on the reported dates and the 06/02/2026 filing date.

Form 4

Period: 2026-05-30

EVP Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
2026-05-30+11,860→ 163,045 total
Tax Payment
Common Stock
[F1]
2026-05-30$26.51/sh−5,260$139,443→ 157,785 total
Award
Common Stock
[F2]
2026-06-01+51,233→ 209,018 total
Tax Payment
Common Stock
[F1]
2026-06-01$28.13/sh−22,722$639,170→ 186,296 total
Exercise/Conversion
Restricted Stock Units
[F3]
2026-05-30−11,860→ 0 total
Exercise: $0.00From: 2024-05-30Exp: 2026-05-30→ Common Stock (11,860 underlying)

Footnotes (3)

[F1]Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
[F2]Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 05/30/2023. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 06/01/2026.
[F3]This Time-based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.

Signature

/s/ Daniel Ricks, Power of Attorney for Kevin R Rhodes|2026-06-02

1 file