Extreme Networks (EXTR) CFO Kevin Rhodes Receives 230,877 Shares

What Happened Kevin R. Rhodes, CFO of Extreme Networks (EXTR), reported exercising/converting derivative awards and receiving multiple equity awards on Aug 15–16, 2026. The filing shows gross acquisitions of 230,877 shares (from option/derivative conversions and grants/vests) reported at $0.00 per share. To satisfy withholding obligations (and/or payment of exercise price), a total of 53,611 shares were disposed/withheld at $24.41 per share, representing roughly $1,308,645; after withholding Rhodes received a net ~177,266 shares.

Key Details

• Transaction dates: Aug 15–16, 2026; Form 4 filed Aug 18, 2026 (filing appears timely).
• Gross shares acquired: 230,877 (multiple entries: exercise/conversion and awards/grants).
• Shares withheld/disposed for tax/payment: 53,611 shares at $24.41 each — total value reported ≈ $1,308,645.
• Net shares received after withholding: ≈177,266 shares.
• Notable footnotes:
  • F2: Some shares were withheld to pay income/payroll taxes on release.
  • F3/F4: Performance awards dated 08/15/2024 and 08/15/2025 vested/certified on 08/16/2026.
  • F5: Time‑based RSUs vest per original schedule (1/3 at one year, then quarterly).
  • F1: An extra 66 shares (ESPP purchase) are included in the filing totals.
• Shares owned after the transactions are not specified in the provided filing details.

Context

• This was not an open‑market purchase or sale: Rhodes received shares from exercises/conversions and from awards vesting; some of those shares were automatically withheld to cover tax and related obligations (a common, routine practice and effectively a cashless exercise/settlement for the withheld portion).
• The filing documents equity compensation activity (awards vesting and option/derivative conversions), which is different from a manager buying stock on the open market; such receipts reflect compensation realization rather than an independent bullish purchase signal.