Extreme Networks (EXTR) officer’s trust sells 7,500 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Extreme Networks Inc. executive Katayoun Motiey, Chief Legal Admin Sust Officer, reported an open-market sale of 7,500 shares of common stock at $30.00 per share. The shares were sold from The Katayoun Motiey Trust under a pre-arranged Rule 10b5-1 trading plan adopted on 09/04/2025.
After this transaction, the trust continues to hold 150,834 shares of Extreme Networks common stock indirectly attributed to Motiey. The filing shows a net-sell transaction without any accompanying option exercises or derivative positions in this report.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,500 shares ($225,000)
Net Sell
1 txn
Insider
MOTIEY KATAYOUN
Role
Chief Legal Admin Sust Officer
Sold
7,500 shs ($225K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,500 | $30.00 | $225K |
Holdings After Transaction:
Common Stock — 150,834 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: 7,500 shares
Sale price: $30.00 per share
Shares held after transaction: 150,834 shares
+1 more
4 metrics
Shares sold
7,500 shares
Open-market sale on 2026-06-08
Sale price
$30.00 per share
Open-market sale of common stock
Shares held after transaction
150,834 shares
Indirectly held by The Katayoun Motiey Trust after sale
Net buy/sell shares
-7,500 shares
Net-sell direction in transaction summary
Key Terms
Rule 10b5-1, open-market sale, indirect ownership, Common Stock, +1 more
5 terms
Rule 10b5-1 regulatory
"Transaction pursuant to the Reporting Person's 10b5-1 Plan adopted on 09/04/2025"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
open-market sale financial
"transaction_action: open-market sale"
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"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Extreme Networks (EXTR) executive Katayoun Motiey do in this Form 4?
Katayoun Motiey reported an open-market sale of 7,500 Extreme Networks common shares at $30.00 per share. The transaction was executed by The Katayoun Motiey Trust and disclosed as an indirect ownership change in the Form 4.
Was the Extreme Networks (EXTR) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the transaction was made under a Rule 10b5-1 trading plan adopted on 09/04/2025. Such plans pre-schedule trades, making the timing more routine and less reflective of short-term views on Extreme Networks stock.
Is the Extreme Networks (EXTR) insider transaction a direct or indirect holding change?
The transaction involves an indirect holding change. The Form 4 notes the shares are held "by Trust," specifically The Katayoun Motiey Trust, meaning ownership is attributed through this trust rather than directly in Motiey’s own name.