Form 4: Kathleen M. Holmgren Reports Changes in Beneficial Ownership of Extreme Networks Inc.

Director Kathleen M. Holmgren reports the vesting of restricted stock units and subsequent ownership changes in Extreme Networks Inc.

Summary

• Kathleen M. Holmgren, a director of Extreme Networks Inc., filed a Form 4 on November 12, 2024, reporting changes in beneficial ownership.
• On November 8, 2024, 12,975 shares of common stock were acquired through the vesting of restricted stock units (RSUs).
• The RSUs were granted under the Extreme Networks, Inc. 2013 Equity Incentive Plan.
• Following the transaction, Holmgren indirectly owns 225,475 shares through a family trust.
• Holmgren also reports owning zero derivative securities following the vesting of the RSUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Positives

• The vesting of RSUs indicates that Holmgren has met certain performance or time-based criteria set by the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates