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

Q: What did EXTREME NETWORKS INC (EXTR) insider Katayoun Motiey report on this Form 4?

Katayoun Motiey reported two open-market sales totaling 15,000 shares of Extreme Networks Common Stock. The trades were executed indirectly through a trust and reflect routine portfolio activity rather than a new equity award or option exercise.

Q: At what prices were the EXTR shares sold by the Motiey trust?

The Motiey trust sold 7,500 shares at $27.00 per share and another 7,500 shares at $26.00 per share. Both transactions involved Common Stock and were reported as open-market or private sales on the same transaction date.

Q: How many EXTR shares did the Motiey trust hold after these transactions?

After the reported transactions, the Form 4 shows 173,334 shares following one sale and 180,834 shares following the other. These figures represent indirect holdings of Common Stock by The Katayoun Motiey Trust as disclosed in the filing.

Q: Are the EXTR shares sold by Katayoun Motiey held directly or indirectly?

The filing classifies the transactions as indirect ownership , with shares held by The Katayoun Motiey Trust U/A DTD 8/26/2011 . This means the trust, rather than Motiey personally, is the recorded holder of the reported Common Stock.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

EXTREME NETWORKS INC executive Katayoun Motiey reported selling a total of 15,000 shares of Common Stock in open-market transactions. The sales, made indirectly through The Katayoun Motiey Trust, occurred at prices of $27.00 and $26.00 per share pursuant to a pre-established Rule 10b5-1 trading plan adopted on 09/04/2025. Following these transactions, the Form 4 shows indirect trust holdings of 173,334 shares after one sale and 180,834 shares after the other.

Insider Trade Summary 10b5-1

Net Seller: 15,000 shares ($397,500)

Net Sell 2 txns

Insider MOTIEY KATAYOUN

Role Chief Legal Admin Sust Officer

Sold 15,000 shs ($398K)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,500	$26.00	$195K
Sale	Common Stock	7,500	$27.00	$203K

Holdings After Transaction: Common Stock — 180,834 shares (Indirect, by Trust)

Footnotes (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

Key Figures

Shares sold at $27.00: 7,500 shares Shares sold at $26.00: 7,500 shares Total shares sold: 15,000 shares +2 more

5 metrics

Shares sold at $27.00 7,500 shares Common Stock sale at $27.00 per share on 2026-05-26

Shares sold at $26.00 7,500 shares Common Stock sale at $26.00 per share on 2026-05-26

Total shares sold 15,000 shares Net-sell across two open-market transactions

Shares following first sale 173,334 shares Indirect trust holdings after one reported transaction

Shares following second sale 180,834 shares Indirect trust holdings after the other reported transaction

Key Terms

Rule 10b5-1 Plan, open-market sale, indirect ownership, Trust

4 terms

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"

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"

Form 4 Insider Transactions: What Each Field Means →

05/28/2026 - 04:25 PM

SEC Form 4

FORM 4

UNITED 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).

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Legal Admin Sust Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/26/2026		S		7,500⁽¹⁾	D	$26	180,834	I	by Trust⁽²⁾
Common Stock	05/26/2026		S		7,500⁽¹⁾	D	$27	173,334	I	by 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Motiey	05/28/2026
	** Signature of Reporting Person	Date
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 did EXTREME NETWORKS INC (EXTR) insider Katayoun Motiey report on this Form 4?

Katayoun Motiey reported two open-market sales totaling 15,000 shares of Extreme Networks Common Stock. The trades were executed indirectly through a trust and reflect routine portfolio activity rather than a new equity award or option exercise.

At what prices were the EXTR shares sold by the Motiey trust?

The Motiey trust sold 7,500 shares at $27.00 per share and another 7,500 shares at $26.00 per share. Both transactions involved Common Stock and were reported as open-market or private sales on the same transaction date.

How many EXTR shares did the Motiey trust hold after these transactions?

After the reported transactions, the Form 4 shows 173,334 shares following one sale and 180,834 shares following the other. These figures represent indirect holdings of Common Stock by The Katayoun Motiey Trust as disclosed in the filing.

Were the EXTR stock sales by Katayoun Motiey pre-planned under a Rule 10b5-1 trading plan?

Yes. A footnote states the transactions were made pursuant to Motiey’s Rule 10b5-1 Plan adopted on 09/04/2025. Such plans are pre-arranged trading programs, which can indicate that the timing of sales was scheduled in advance.

Are the EXTR shares sold by Katayoun Motiey held directly or indirectly?

The filing classifies the transactions as indirect ownership, with shares held by The Katayoun Motiey Trust U/A DTD 8/26/2011. This means the trust, rather than Motiey personally, is the recorded holder of the reported Common Stock.

Does this EXTR Form 4 involve any derivative securities or option exercises?

No derivative securities or option exercises are shown. The derivativeSummary is empty and both transactions are in non-derivative Common Stock. The activity solely reflects open-market or private sales by the trust, not option exercises or conversions.