Extreme Networks (EXTR) CEO Edward Meyercord Exercises Options, Receives Awards

What Happened

• Edward Meyercord, President, CEO and Director of Extreme Networks (EXTR), exercised/options converted and received stock awards on Aug 15–16, 2026, resulting in 686,408 shares acquired (no cash paid on the award/exercise entries).
• To satisfy tax withholding and exercise-related obligations, a total of ~138,561 shares were surrendered/withheld (disposed) at an implicit price of $24.41 per share, totaling about $3.38 million. Several entries show the exercised/converted derivatives and corresponding withholdings/surrenders on the same dates.

Key Details

• Transaction dates: Aug 15, 2026 and Aug 16, 2026. Form filed Aug 18, 2026.
• Acquired: 686,408 shares (combination of option exercises and awards; exercise/award values listed as $0 in the filing).
• Shares surrendered/withheld: ~138,561 shares at $24.41 each, totaling ~$3,382,273 (used to pay taxes/exercise obligations). The filing footnote indicates an additional 65 shares are included relating to an ESPP purchase.
• Notable footnotes:
  • F2: shares withheld to pay applicable income and payroll taxes on release.
  • F3/F4: performance awards from 08/15/2024 and 08/15/2025 were certified and issued on 08/16/2026.
  • F5: a time‑based RSU vests per its original schedule (1/3 at one year, then quarterly).
• Shares owned after the transactions: not specified in the provided filing data.

Context

• These filings reflect option exercises and issuance/vesting of RSUs/performance awards, with shares withheld/surrendered to cover tax and exercise costs — a common, routine outcome of executive equity settlements (a form of cashless exercise/tax withholding).
• The filing is factual about the mechanics (exercises/awards and withholding); it does not by itself indicate motivation or a change in the CEO’s long‑term view.