Form 4: Extreme Networks CEO Sells Shares
Insider Transaction (Form 4)
Edward Meyercord, PRESIDENT AND CEO and a Director of Extreme Networks Inc, sold 50,000 shares of common stock on August 3, 2026.
Summary
- Option exercise/conversion: acquired 24,573 Common Stock at $6.70 ($164,639) on August 3, 2026; holds 1,646,475 after (Direct).
- Open-market sale: disposed of 24,573 Common Stock at $29.78 ($731,902) on August 3, 2026; holds 1,621,902 after (Direct).
- Open-market sale: disposed of 25,427 Common Stock at $29.79 ($757,361) on August 3, 2026; holds 1,596,475 after (Direct).
- Option exercise/conversion: disposed of 24,573 Non-Qualified Stock Option (right to buy) on August 3, 2026 (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $1,489,263 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Edward Meyercord — Director, Officer (PRESIDENT AND CEO)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-03 | Option exercise/conversion | Common Stock | 24,573 | $7 | $164.6K | 1,646,475 |
| 2026-08-03 | Open-market sale | Common Stock | 24,573 | $30 | $731.9K | 1,621,902 |
| 2026-08-03 | Open-market sale | Common Stock | 25,427 | $30 | $757.4K | 1,596,475 |
| 2026-08-03 | Option exercise/conversion | Non-Qualified Stock Option (right to buy) | 24,573 | — | — | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-03 | Option exercise/conversion (24,573 shares) |
| 2026-08-03 | Open-market sale (24,573 shares) |
| 2026-08-03 | Open-market sale (25,427 shares) |
| 2026-08-03 | Option exercise/conversion (24,573 shares) |
Keywords
insider transaction, Form 4, EXTR, EXTREME NETWORKS INC, bearish, Edward Meyercord
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