Form 4: Extreme Networks Director Exercises Stock Options, Reports Beneficial Ownership

Charles Carinalli, a director at Extreme Networks, exercised stock options and reported changes in beneficial ownership, including shares held in a trust.

Summary

• On November 8, 2024, Charles Carinalli, a director of Extreme Networks Inc., executed transactions involving the company's stock.
• Carinalli exercised stock options, acquiring 12,975 shares of common stock at a price of $0.
• These shares were acquired through the vesting of Restricted Stock Units (RSUs) granted under the company's 2013 Equity Incentive Plan.
• Following the transaction, Carinalli directly owns 0 shares and indirectly owns 376,793 shares through a trust.
• The RSUs vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of shareholders, with a minimum vesting period of 50 weeks after the grant.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard regulatory filing detailing stock transactions by a company director. There is no inherent positive or negative implication.

Industry Context

This filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects insider activity, which is generally monitored for alignment of interests.

Key Dates