Form 4: Extreme Networks Executive Katayoun Motiey Reports Stock Transactions
SEC Form 4
Katayoun Motiey, Chief Legal Admin Sust Officer at Extreme Networks, reports acquisition and disposal of common stock and derivative securities.
Summary
- On August 15 and 16, 2024, Katayoun Motiey, Chief Legal Admin Sust Officer of Extreme Networks, engaged in multiple transactions involving the company's common stock and derivative securities.
- These transactions included the acquisition of shares through the vesting of restricted stock units (RSUs) and performance shares, as well as the disposal of shares to cover tax obligations.
- Specifically, on August 15, Motiey acquired 4,169, 5,329, and 10,403 shares of common stock through the vesting of RSUs, and disposed of 1,859, 2,376, and 4,638 shares, respectively, to cover taxes at a price of $14.86 per share.
- On August 16, Motiey acquired 41,675 and 21,306 shares through the vesting of performance shares, and disposed of 20,145 and 10,564 shares, respectively, to cover taxes at a price of $14.52 per share.
- Following these transactions, Motiey directly owns 150,615 shares of Extreme Networks common stock.
- She also holds derivative securities including 67,294 Restricted Stock Units, 41,675 Performance Shares and 21,306 Performance Shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive, and does not inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 08/15/2021 | Original grant date of one tranche of a performance award. |
| 08/15/2022 | Original grant date of one tranche of a performance award and Time-based RSU award. |
| 08/15/2023 | Original grant date of one tranche of a performance award and Time-based RSU award. |
| 08/15/2024 | Date of multiple transactions involving common stock and derivative securities; certification of performance conditions for awards granted on 08/15/2021. |
| 08/16/2024 | Date of multiple transactions involving common stock and derivative securities; certification of performance conditions for awards granted on 08/15/2022. |
| 08/19/2024 | Date of signature for the Form 4 filing. |
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