Form 4: Extreme Networks Director Ingrid Burton Reports Stock Transactions
SEC Form 4 Filing
Director Ingrid Burton reports the vesting and subsequent disposal of restricted stock units in Extreme Networks.
Summary
- On November 8, 2024, Ingrid Burton, a director of Extreme Networks Inc., reported transactions involving the company's stock.
- Burton vested 12,975 restricted stock units (RSUs) which converted into common stock.
- Simultaneously, Burton disposed of 12,975 shares of common stock.
- Following these transactions, Burton beneficially owns 80,163 shares of Extreme Networks stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the technology industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 11/08/2024 | Date of earliest transaction: vesting and disposal of restricted stock units. |
| 11/12/2024 | Date of signature on the Form 4 filing. |
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