Motiey trust sells 7,661 Extreme Networks shares
Extreme Networks executive Katayoun Motiey reported multiple equity transactions involving a trust and restricted stock units.
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Form Type
4
Rhea-AI Filing Summary
Extreme Networks executive Katayoun Motiey reported multiple equity transactions involving a trust and restricted stock units. A trust associated with Motiey sold 7,661 shares of common stock on May 14, 2026 at $25.00 per share under a pre-arranged Rule 10b5-1 trading plan. On May 15, 2026, RSU awards covering 8,215 shares of common stock were exercised, and 3,663 shares were withheld to cover income and payroll taxes. Following these movements, the trust holds 185,225 common shares indirectly, and Motiey also retains separate time-based RSU awards, including 28,054 and 2,605 restricted stock units that continue to vest over time.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
MOTIEY KATAYOUN
Role
Chief Legal Admin Sust Officer
Sold
7,661 shs ($192K)
Approx. gross sale proceeds
$192K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,605 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,610 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,605 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,162 | $24.66 | $29K |
| Exercise | Common Stock | 5,610 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,501 | $24.66 | $62K |
| Sale | Common Stock | 7,661 | $25.00 | $192K |
Holdings After Transaction:
Restricted Stock Units — 30,659 contracts (Direct);
Common Stock — 188,334 shares (Indirect, by Trust)
Footnotes (4)
- F1. Transaction pursuant to the Reporting Person's 10b5-1 Plan adopted on 09/04/2025.
- F2. Shares are held in The Katayoun Motiey Trust U/A DTD 8/26/2011
- F3. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
- F4. This Time-based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.
Key Figures
Open-market sale: 7,661 shares at $25.00
RSU exercises: 8,215 shares
Tax withholding shares: 3,663 shares at $24.66
+4 more
7 metrics
Open-market sale
7,661 shares at $25.00
Common stock sold on May 14, 2026 by trust
RSU exercises
8,215 shares
Common stock from RSU exercises on May 15, 2026
Tax withholding shares
3,663 shares at $24.66
Shares withheld to pay income and payroll taxes
Indirect common holdings
185,225 shares
Common stock held by The Katayoun Motiey Trust after transactions
Time-based RSU award
28,054 units
Restricted Stock Units remaining after 5,610-unit conversion
Additional RSU award
2,605 units
Restricted Stock Units remaining after 2,605-unit conversion entry
RSU vesting structure
1/3 then 1/12 quarterly
Time-based RSU vests one-third after one year, then quarterly
Key Terms
Rule 10b5-1 Plan, Restricted Stock Units, open-market sale, withholding taxes, +1 more
5 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.
Restricted Stock Units financial
"This Time-based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
withholding taxes financial
"Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Time-based RSU award financial
"This Time-based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Extreme Networks (EXTR) insider Katayoun Motiey report in this Form 4?
Katayoun Motiey reported a trust-related sale of 7,661 Extreme Networks shares and exercises of RSU awards for 8,215 shares. The filing also shows shares withheld for taxes and remaining RSU holdings that continue to vest over time.
Were Katayoun Motiey’s Extreme Networks (EXTR) transactions pre-planned?
Yes. The sale of Extreme Networks shares was executed pursuant to Katayoun Motiey’s Rule 10b5-1 trading plan adopted on September 4, 2025. Such plans schedule trades in advance, making the timing more routine and less indicative of short-term sentiment.
What RSU activity did Katayoun Motiey report for Extreme Networks (EXTR)?
Motiey exercised restricted stock units for 8,215 underlying Extreme Networks shares at a $0.00 conversion price. Following these exercises, she continues to hold time-based RSU awards, including 28,054 and 2,605 units that vest over a scheduled timeline.
AI-generated analysis. How Rhea-AI works. Not financial advice.
