Form 4: Extreme Networks CEO Edward Meyercord Reports Stock Transactions
SEC Form 4 Filing
CEO Edward Meyercord reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On May 15, 2025, Edward Meyercord, the CEO of Extreme Networks Inc., reported transactions involving common stock and restricted stock units.
- These transactions included the vesting of 38,673 and 11,721 restricted stock units, and the subsequent withholding of 15,218 and 4,613 shares, respectively, to cover income and payroll taxes.
- Following these transactions, Meyercord directly owns 1,541,282 shares of Extreme Networks common stock.
- The restricted stock units vest over time, with portions vesting on the anniversary of the grant date and quarterly thereafter.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard executive compensation practices, and does not indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/15/2023 | Initial vesting date for some restricted stock units. |
| 08/15/2024 | Initial vesting date for some restricted stock units. |
| 05/15/2025 | Date of stock transactions (vesting and tax withholding). |
| 05/16/2025 | Date of signature on the Form 4 filing. |
| 08/15/2025 | Expiration date for some restricted stock units. |
| 08/15/2026 | Expiration date for some restricted stock units. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, EXTR, Extreme Networks, Meyercord, CEO
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