Form 4: Extreme Networks Executive Katayoun Motiey Reports Stock Transactions
SEC Form 4
Katayoun Motiey, Chief Legal Admin Sust Officer at Extreme Networks, reports the vesting and subsequent sale of shares to cover tax obligations.
Summary
- On May 15, 2024, Katayoun Motiey, Chief Legal Admin Sust Officer of Extreme Networks, engaged in transactions involving common stock and restricted stock units (RSUs).
- A total of 4,169 and 5,329 shares were acquired through the vesting of RSUs.
- A portion of the acquired shares, 1,859 and 2,376 shares respectively, were then disposed of at a price of $10.84 to cover income and payroll withholding taxes.
- Following these transactions, Motiey directly owns 107,315 shares of Extreme Networks common stock and 26,645 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation and the sale of a small portion of shares to cover taxes.
Key Dates
| Date | Description |
|---|---|
| 08/15/2022 | Original grant date for a Time-based RSU award that vests as to 1/3 on the one year anniversary and 1/12 each quarter thereafter. |
| 08/15/2023 | Original grant date for a Time-based RSU award that vests as to 1/3 on the one year anniversary and 1/12 each quarter thereafter. |
| 05/15/2024 | Date of the reported transactions involving common stock and restricted stock units. |
| 05/16/2024 | Date of signature for the Form 4 filing. |
| 08/15/2024 | Expiration date for Restricted Stock Units. |
| 08/15/2025 | Expiration date for Restricted Stock Units. |
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