Form 4: Extreme Networks CFO Reports Routine Stock Transactions

Extreme Networks' EVP Chief Financial Officer, Kevin R. Rhodes, reported the acquisition of 11,860 shares of common stock through RSU vesting and the disposition of 5,266 shares for tax withholding.

Summary

• Kevin R. Rhodes, EVP Chief Financial Officer of Extreme Networks Inc. (EXTR), reported changes in his beneficial ownership of company stock.
• On November 30, 2025, Mr. Rhodes acquired 11,860 shares of Common Stock through the vesting of Restricted Stock Units (RSUs) at a price of $0 per share.
• Concurrently, 5,266 shares of Common Stock were disposed of to cover applicable income and payroll withholding taxes due on the RSU release, at a price of $17.5 per share.
• Following these transactions, Mr. Rhodes beneficially owns 144,848 shares of Common Stock directly.
• The RSU award vests as to 1/3 on the one-year anniversary of the original grant date and 1/12 each quarter thereafter, with the reported vesting occurring on November 30, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine insider transaction (RSU vesting and tax withholding), which is an expected part of executive compensation. The vesting itself is a positive for the executive, but the overall impact on the company's outlook or stock price is minimal.

Positives

• The vesting of 11,860 Restricted Stock Units (RSUs) represents a realization of compensation for the EVP Chief Financial Officer, indicating continued alignment of management interests with shareholder value.

Negatives

• The disposition of 5,266 shares for tax withholding is a standard procedure for RSU vesting and does not indicate a negative outlook or selling intent beyond tax obligations.

Future Outlook

The RSU award has a vesting schedule that continues quarterly after the initial one-year anniversary, indicating future potential share acquisitions for the reporting person as additional units vest until the expiration date of May 30, 2026.

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape. It reflects standard compensation practices within the technology sector for executive officers.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and does not significantly alter the company's capital structure or strategic direction. It reflects the ongoing compensation of a key executive.
• Employees: Reflects standard executive compensation practices, which may be part of broader company-wide equity incentive programs.

Next Steps

• Future quarterly vesting of the time-based RSU award until its full vesting or expiration on May 30, 2026.

Key Dates

Keywords

EXTR, Extreme Networks, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, CFO, Stock Ownership