SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Vitalone Joseph A

(Last) (First) (Middle)
2121 RDU CENTER DR.

(Street)
MORRISVILLE NC 27560

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EXTREME NETWORKS INC [ EXTR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Revenue Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Rule 10b5-1(c) Transaction Indication

  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/15/2023 M 6,253 A $0 101,435(1) I by Trust(2)
Common Stock 08/15/2023 F 2,461(3) D $32.01 98,974 I by Trust(2)
Common Stock 08/15/2023 M 31,931 A $0 130,905 I by Trust(2)
Common Stock 08/15/2023 F 12,565(3) D $32.01 118,340 I by Trust(2)
Common Stock 08/16/2023 M 25,013 A $0 143,353 I by Trust(2)
Common Stock 08/16/2023 F 9,843(3) D $29.17 133,510 I by Trust(2)
Common Stock 08/16/2023 M 31,962 A $0 165,472 I by Trust(2)
Common Stock 08/16/2023 F 12,578(3) D $29.17 152,894 I by Trust(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
RSU Award $0 08/15/2023 M 6,253 08/15/2022(4) 08/15/2024 Common Stock 6,253 $0 25,013 D
RSU Award $0 08/15/2023 M 31,931 08/15/2023(4) 08/15/2025 Common Stock 31,931 $0 63,955 D
RSU Award $0 08/15/2023 A 46,860 08/15/2024(4) 08/15/2026 Common Stock 46,860 $0 46,860 D
Performance Award $0 08/16/2023 A 25,013 08/15/2022(5) 08/15/2024 Common Stock 25,013 $0 25,013 D
Performance Award $0 08/16/2023 M 25,013 08/15/2022(5) 08/15/2024 Common Stock 25,013 $0 0 D
Performance Award $0 08/16/2023 A 31,962 08/15/2023(5)(6) 08/15/2025 Common Stock 31,962 $0 31,962 D
Performance Award $0 08/16/2023 M 31,962 08/15/2023(5)(6) 08/15/2025 Common Stock 31,962 $0 0 D
Explanation of Responses:
1. An additional 762 shares are included in this total, reflecting non-reportable purchase of 762 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).
2. Shares are held in the Vitalone Living Trust, Joseph and Joanne Vitalone Trustees.
3. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
4. 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.
5. Represents one tranche of a performance award granted on 08/15/2021. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/16/2023.
6. Represents one tranche of a performance award granted on 08/15/2022. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/16/2023.
/s/ Katayoun "Katy" Motiey, Power of Attorney for Joseph A. Vitalone 08/17/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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