Extreme Networks CEO Edward Meyercord Sells 50,000 Shares for $1.1 Million
Meyercord retains 1.76 million shares worth $38.3 million, maintaining significant equity interest. The sale was executed under a pre-scheduled Rule 10b5-1 trading plan.
Overview
Edward Meyercord, President and CEO of Extreme Networks(NASDAQ:EXTR), sold 50,000 shares of common stock on Sept. 1, 2026, as disclosed in a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($21.90); post-transaction value based on Sept. 1, 2026, market close ($21.78).
Details
Extreme Networks is a global provider of software-driven networking solutions, with a market capitalization of $2.9 billion and TTM revenue of $1.3 billion. The company leverages machine learning and artificial intelligence technologies within its ExtremeCloud IQ platform to deliver differentiated network management and security capabilities. With 2,894 employees and a strategic focus on cloud-native networking solutions, Extreme Networks maintains a competitive position in the communication equipment sector through its integrated hardware and software offerings.
Source
Originally published at www.fool.com.