EXTREME NETWORKS INC

On the date of each annual meeting of our stockholders, each non-employee director continuing service with the Company after the meeting is granted an annual award of RSUs. The number of RSUs for fiscal year 2024 was determined by dividing $215,000 by the price of the Company’s common stock at the close of business on the Nasdaq Global Select Market on the date of the annual meeting, rounded down to the nearest whole RSU. RSU grants provided to directors who join the Board after the annual meeting of our stockholders are prorated to reflect the period of service. Each RSU represents the right to receive one share of our common stock upon vesting and settlement. On the date of the annual meeting of stockholders of the Company held on November 8, 2023, each non-employee director was granted 12,975 RSUs, which will vest upon the earliest of the one-year anniversary of the grant date or the next annual meeting, or a change in control of our Company, in each case, subject to the director’s continued service with the Company through such date.