Form 4: Director Shoemaker's EXTR Stock Transactions

Extreme Networks Director John C. Shoemaker reported the acquisition of 13,354 common shares and a new RSU grant, alongside the conversion of existing RSUs.

Summary

• John C. Shoemaker, a Director at Extreme Networks Inc. (EXTR), reported multiple equity transactions on November 12, 2025.
• Acquired 13,354 shares of common stock through the exercise of derivative securities at a price of $0.
• Received a new grant of 11,767 Restricted Stock Units (RSUs) at a price of $0, which are scheduled to vest on November 12, 2026, or the next annual meeting of shareholders, whichever is earlier (provided the vesting period is not less than 50 weeks).
• Disposed of 13,354 Restricted Stock Units, which converted into common stock, at a price of $0.
• Following these transactions, Shoemaker indirectly holds 582,345 shares of common stock through a trust and directly holds 11,767 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The director's acquisition of common stock and receipt of a new RSU grant generally indicates continued confidence in the company's future and aligns management's interests with long-term shareholder value.

Positives

• Director Shoemaker acquired 13,354 common shares, indicating increased direct ownership or conversion from equity awards, aligning his interests with shareholders.
• A new grant of 11,767 Restricted Stock Units (RSUs) was awarded, further aligning the director's long-term interests with the company's performance and shareholder value creation.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• 582,345 shares of common stock are indirectly held by the Shoemaker Living Trust, DTD 9/22/1992, where J & D Shoemaker are Trustees.
• 7,200 shares of common stock are held separately by Mr. Shoemaker's spouse.

Stakeholder Impact

• Shareholders: The transactions demonstrate continued alignment of a director's interests with shareholder value through equity awards and ownership.

Next Steps

• Vesting of the 11,767 Restricted Stock Units on November 12, 2026, or the next annual meeting of shareholders, whichever is earlier.

Key Dates

Keywords

EXTREME NETWORKS, EXTR, John C. Shoemaker, Director, Form 4, Insider Trading, Stock Transaction, RSU, Restricted Stock Units, Common Stock, Equity Incentive Plan