Form 4: Extreme Networks Executive Sells 37,000 Shares Under 10b5-1 Plan

An Extreme Networks executive, Katayoun Motiey, sold 37,000 shares of common stock at an average price of $17.4722 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Katayoun Motiey, Chief Legal Admin Sust Officer at Extreme Networks, sold 37,000 shares of common stock on December 11, 2024.
• The shares were sold at a weighted average price of $17.4722 per share, with individual transaction prices ranging from $17.33 to $17.60.
• The sale was executed under a pre-arranged 10b5-1 trading plan adopted on September 10, 2024.
• Following the transaction, Ms. Motiey directly owns 117,613 shares held in The Katayoun Motiey Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Comparison to Industry Standards

• Many executives at publicly traded companies use 10b5-1 plans to manage their stock sales.
• The volume of shares sold is not unusual for an executive at a company of Extreme Networks' size.
• The price range of the sale is within the typical daily trading range for the stock.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is unlikely to be significant given the pre-arranged nature of the transaction.

Key Dates

Keywords

insider trading, 10b5-1 plan, stock sale, executive, Katayoun Motiey, Extreme Networks, EXTR