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Extreme Networks (EXTR) officer’s trust sells 15,000 shares under 10b5-1 plan

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

EXTREME NETWORKS INC’s Chief Legal Admin Sust Officer, Katayoun Motiey, reported indirect open-market sales of company common stock through a trust. On June 1, 2026, the trust sold 7,500 shares at $28.00 per share, followed by another 7,500 shares at $29.00 per share on June 2, 2026. The shares are held in The Katayoun Motiey Trust U/A DTD 8/26/2011, and these transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 4, 2025. After the June 2 transaction, the trust still held 158,334 shares of Extreme Networks common stock indirectly attributed to Motiey, so the sales represent a partial reduction of an existing position rather than a full exit.

Positive

  • None.

Negative

  • None.
Insider MOTIEY KATAYOUN
Role Chief Legal Admin Sust Officer
Sold 15,000 shs ($428K)
Type Security Shares Price Value
Sale Common Stock 7,500 $29.00 $218K
Sale Common Stock 7,500 $28.00 $210K
Holdings After Transaction: Common Stock — 158,334 shares (Indirect, by Trust)
Footnotes (1)
  1. Transaction pursuant to the Reporting Person's 10b5-1 Plan adopted on 09/04/2025. Shares are held in The Katayoun Motiey Trust U/A DTD 8/26/2011
Shares sold June 1, 2026 7,500 shares at $28.00 Open-market sale, indirect by trust
Shares sold June 2, 2026 7,500 shares at $29.00 Open-market sale, indirect by trust
Total shares sold 15,000 shares Two open-market sales on June 1–2, 2026
Shares held after transactions 158,334 shares Indirect ownership by trust after June 2, 2026 sale
Trading plan adoption date September 4, 2025 Rule 10b5-1 plan governing reported sales
Rule 10b5-1 Plan regulatory
"Transaction pursuant to the Reporting Person's 10b5-1 Plan adopted on 09/04/2025."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open-market sale financial
"transaction_action: open-market sale; transaction_code_description: Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"direct_or_indirect: I; ownership_type: indirect; nature_of_ownership: by Trust"
Trust financial
"Shares are held in The Katayoun Motiey Trust U/A DTD 8/26/2011"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MOTIEY KATAYOUN
(Last)(First)(Middle)
2121 RDU CENTER DR.
(Street)
MORRISVILLE NORTH CAROLINA 27560
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EXTREME NETWORKS INC [ EXTR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Admin Sust Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026S7,500(1)D$28165,834Iby Trust(2)
Common Stock06/02/2026S7,500(1)D$29158,334Iby Trust(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Transaction pursuant to the Reporting Person's 10b5-1 Plan adopted on 09/04/2025.
2. Shares are held in The Katayoun Motiey Trust U/A DTD 8/26/2011
/s/ Daniel Ricks, Power of Attorney for Katayoun Motiey06/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did EXTR’s Katayoun Motiey report on this Form 4?

Katayoun Motiey reported indirect open-market sales of Extreme Networks common stock. A trust associated with her sold 7,500 shares at $28.00 on June 1, 2026 and 7,500 shares at $29.00 on June 2, 2026, totaling 15,000 shares sold.

At what prices were the Extreme Networks (EXTR) shares sold in this Form 4?

The trust associated with Katayoun Motiey sold Extreme Networks common shares at $28.00 and $29.00 per share. Specifically, 7,500 shares were sold at $28.00 on June 1, 2026 and another 7,500 shares at $29.00 on June 2, 2026.

How many EXTR shares does Katayoun Motiey hold indirectly after these sales?

Following the June 2, 2026 transaction, the trust associated with Katayoun Motiey held 158,334 Extreme Networks common shares. This figure reflects indirect ownership by trust as reported in the Form 4 and shows she retained a substantial position after selling 15,000 shares.

Were the EXTR insider sales by Katayoun Motiey under a Rule 10b5-1 plan?

Yes. The Form 4 states that the transactions were executed pursuant to Katayoun Motiey’s Rule 10b5-1 trading plan adopted on September 4, 2025. Such pre-arranged plans schedule trades in advance, making the timing more routine and less discretionary.

Are Katayoun Motiey’s EXTR shares held directly or through a trust?

The reported Extreme Networks shares are held indirectly through The Katayoun Motiey Trust U/A DTD 8/26/2011. The Form 4 classifies ownership as “indirect” with the nature of ownership noted as “by Trust,” meaning the transactions are attributed to this trust entity.

How large were the EXTR insider sales relative to Motiey’s remaining holdings?

The trust sold a total of 15,000 Extreme Networks shares across two days while remaining holdings reported after the final sale were 158,334 shares. This indicates a partial reduction of the position rather than a complete liquidation of the indirectly held stake.