Form 4: Extreme Networks Executive Executes Stock Sale

Chief Legal Administrative and Sustainability Officer Katayoun Motiey sold 15,000 shares of Extreme Networks common stock.

Summary

• Katayoun Motiey, Chief Legal Administrative and Sustainability Officer at Extreme Networks, sold 15,000 shares of common stock on May 26, 2026.
• The shares were sold in two tranches: 7,500 shares at $26.00 and 7,500 shares at $27.00.
• The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on September 4, 2025.
• Following these transactions, the reporting person retains beneficial ownership of 173,334 shares held in a trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-planned and does not necessarily reflect a change in the executive's outlook on the company.

Positives

• The sale was conducted under a pre-arranged 10b5-1 plan, indicating the transaction was scheduled in advance rather than based on non-public information.

Negatives

• The sale represents a reduction in the executive's direct or indirect equity stake in the company.

Risks

• Insider selling can sometimes be perceived by the market as a lack of confidence in future stock performance, though 10b5-1 plans are designed to mitigate this perception.

Future Outlook

No forward-looking guidance or operational outlook was provided in this filing.

Industry Context

StockSavvy.ai notes that routine insider selling via 10b5-1 plans is a standard practice for corporate executives to manage personal liquidity and is generally viewed as neutral by the market.

Comparison to Industry Standards

• The use of 10b5-1 plans is the industry standard for executives to sell shares while avoiding potential insider trading allegations.

Stakeholder Impact

• Shareholders should note the reduction in insider holdings, though the pre-planned nature of the sale limits its signaling value.

Key Dates

Keywords

Extreme Networks, EXTR, Insider Trading, Form 4, 10b5-1, Stock Sale