Form 4: Extreme Networks Executive Katayoun Motiey Reports Stock Transactions

Katayoun Motiey, Chief Legal Admin Sust Officer at Extreme Networks, reported the acquisition and disposal of company stock and restricted stock units on November 15, 2024.

Summary

• Katayoun Motiey, Chief Legal Admin Sust Officer at Extreme Networks, filed a Form 4 detailing changes in beneficial ownership.
• On November 15, 2024, Ms. Motiey acquired 5,329 shares of common stock and 2,604 shares of common stock through the vesting of restricted stock units.
• She also disposed of 2,643 shares and 1,292 shares of common stock to cover tax obligations at a price of $15.61 per share.
• Following these transactions, Ms. Motiey beneficially owns 154,613 shares of common stock indirectly through a trust.
• She also holds 15,987 and 18,233 restricted stock units directly.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.

Industry Context

This filing is a routine disclosure of stock transactions by a company officer, which is common in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transactions reported are typical for executives receiving stock-based compensation and selling shares to cover tax obligations.
• Similar filings can be seen across the technology sector, including companies like Cisco, Juniper, and Arista Networks, where executives often receive stock options and restricted stock units as part of their compensation packages.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Extreme Networks, Katayoun Motiey, Equity Securities