Form 4: Extreme Networks Officer Boosts Stake via Equity Vesting
Insider Transaction Report
Extreme Networks' Chief Legal Officer, Katayoun Motiey, increased her beneficial ownership through the vesting of equity awards and new grants.
Summary
- Katayoun Motiey, Chief Legal Admin Sust Officer of Extreme Networks Inc. (EXTR), engaged in multiple equity transactions on August 15, 2025.
- Acquired a total of 106,038 shares of common stock through the vesting of Restricted Stock Units (RSUs) and Performance Shares.
- Disposed of 52,577 shares of common stock at a price of $19.72 per share to cover income and payroll withholding taxes.
- Beneficial ownership of common stock, held indirectly by The Katayoun Motiey Trust, increased from an estimated 128,069 shares to 181,530 shares.
- An additional 449 shares were acquired through the Company's Employee Stock Purchase Plan (ESPP).
- Received new grants of 55,780 Restricted Stock Units and 75,695 Performance Shares.
Sentiment
Score: 7
Explanation: The filing indicates successful vesting of significant equity awards due to performance and time-based conditions, alongside new grants, reflecting ongoing executive compensation and alignment with company performance. The disposition of shares is solely for tax purposes, a routine event.
Positives
- Significant vesting of equity awards totaling 106,038 shares, indicating the achievement of performance conditions for performance shares and time-based vesting for RSUs.
- Net increase in beneficial ownership of common stock by 53,910 shares (after accounting for vesting, tax withholding, and ESPP purchase), demonstrating increased alignment with shareholder interests.
- Receipt of new equity grants (55,780 RSUs and 75,695 Performance Shares) further aligns management incentives with the company's long-term performance.
- Participation in the Employee Stock Purchase Plan (ESPP) reflects the officer's continued investment in the company.
Negatives
- Disposition of 52,577 shares of common stock to cover tax obligations, which reduces the immediate net shares received from the vested awards.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Shares are held indirectly by The Katayoun Motiey Trust U/A DTD 8/26/2011, which is a standard disclosure for insider holdings.
Stakeholder Impact
- Shareholders: Minor dilution from the issuance of shares for vesting, but also indicates management's continued equity stake and alignment with company performance.
- Reporting Person (Katayoun Motiey): Increased personal wealth and equity stake in the company, reinforcing long-term incentives.
Key Dates
| Date | Description |
|---|---|
| 08/26/2011 | Date of The Katayoun Motiey Trust U/A DTD. |
| 08/15/2022 | Grant date for a tranche of performance award that vested on 08/15/2025. |
| 08/15/2023 | Grant date for a Restricted Stock Unit (RSU) award, with vesting occurring 1/3 on the one-year anniversary and 1/12 each quarter thereafter. |
| 08/15/2024 | Grant date for a Restricted Stock Unit (RSU) award, with vesting occurring 1/3 on the one-year anniversary and 1/12 each quarter thereafter. Also, grant date for a tranche of performance award that vested on 08/15/2025. |
| 08/15/2025 | Date of earliest transaction, vesting date for multiple RSU and Performance Share awards, certification date for performance conditions, and grant date for new RSU and Performance Share awards. |
| 08/18/2025 | Signature date of the reporting person. |
| 08/15/2026 | Expiration date for a tranche of Restricted Stock Units. |
| 08/15/2027 | Expiration date for two tranches of Restricted Stock Units and two tranches of Performance Shares. |
Keywords
Extreme Networks, EXTR, SEC Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, Performance Shares, Equity Compensation, Employee Stock Purchase Plan, Katayoun Motiey
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