Extreme Networks awards legal chief 65.6K RSUs
EXTREME NETWORKS INC (EXTR) reported insider equity activity by its Chief Legal Admin Sust Officer, Katayoun Motiey.
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Form Type
4
Rhea-AI Filing Summary
EXTREME NETWORKS INC (EXTR) reported insider equity activity by its Chief Legal Admin Sust Officer, Katayoun Motiey. Time-based restricted stock units converted into common stock on August 15, 2026, with shares delivered to a trust and portions withheld to cover income and payroll taxes at $24.41 per share. On August 16, 2026, additional common stock was issued to the reporting person’s trust upon certification of performance awards granted in 2024 and 2025, and a new time-based RSU award of 65,620 units was granted, scheduled to vest over time from the original grant date.
Insider Trade Summary
26,791 shares exercised/converted
Exercise
14 txns
Insider
MOTIEY KATAYOUN
Role
Chief Legal Admin Sust Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F4, F2 | 22,431 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3, F2 | 11,122 | $24.41 | $271K |
| Grant/Award | Common Stock F5, F2 | 18,593 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3, F2 | 9,219 | $24.41 | $225K |
| Exercise | Restricted Stock Units F6 | 2,605 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F6 | 5,611 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F6 | 18,575 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F6 | 65,620 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 2,605 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3, F2 | 1,162 | $24.41 | $28K |
| Exercise | Common Stock F2 | 5,611 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3, F2 | 2,776 | $24.41 | $68K |
| Exercise | Common Stock F2 | 18,575 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3, F2 | 9,210 | $24.41 | $225K |
Holdings After Transaction:
Restricted Stock Units — 125,268 contracts (Direct);
Common Stock — 155,225 shares (Indirect, by Trust)
Footnotes (6)
- F1. An additional 65 shares are included in this total, reflecting non-reportable purchase of 65 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).
- 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. Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 08/15/2024. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 08/16/2026.
- F5. Represents shares of common stock issued to the Reporting Person pursuant to a performance award dated 08/15/2025. The number of shares earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 08/16/2026.
- F6. 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
Performance award shares (2024 grant): 22,431 shares
Performance award shares (2025 grant): 18,593 shares
Tax-withholding dispositions (largest entry): 11,122 shares
+5 more
8 metrics
Performance award shares (2024 grant)
22,431 shares
Common stock issued on 08/16/2026 upon certification of 08/15/2024 performance award
Performance award shares (2025 grant)
18,593 shares
Common stock issued on 08/16/2026 upon certification of 08/15/2025 performance award
Tax-withholding dispositions (largest entry)
11,122 shares
Common shares withheld at $24.4100 per share for taxes on 08/16/2026
New time-based RSU grant
65,620 units
Restricted Stock Units granted on 08/15/2026, vesting over time from original grant date
RSU conversion lot 1
2,605 units
Restricted Stock Units converting into common stock on 08/15/2026
RSU conversion lot 2
5,611 units
Restricted Stock Units converting into common stock on 08/15/2026
RSU conversion lot 3
18,575 units
Restricted Stock Units converting into common stock on 08/15/2026
ESPP-related additional shares
65 shares
Non-reportable purchase under Employee Stock Purchase Plan included in a reported total
Key Terms
Restricted Stock Units, performance award, Employee Stock Purchase Plan (ESPP), withheld from the released share award, +1 more
5 terms
Restricted Stock Units financial
"This Time-based RSU award vests from the original grant date as to 1/3"
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.
performance award financial
"Represents shares of common stock issued to the Reporting Person pursuant to a performance award"
Employee Stock Purchase Plan (ESPP) financial
"non-reportable purchase of 65 shares in connection with the Company's Employee Stock Purchase Plan (ESPP)"
Compensation Committee financial
"certification thereof by the Compensation Committee, which certification occurred on 08/16/2026"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transactions were reported at EXTREME NETWORKS INC (EXTR)?
The Chief Legal Admin Sust Officer reported RSU conversions, issuance of common stock from 2024 and 2025 performance awards, tax-withholding share dispositions, and a new grant of 65,620 time-based RSUs scheduled to vest over time.
What new RSU award did the officer of EXTREME NETWORKS (EXTR) receive?
The officer received a new time-based RSU award covering 65,620 Restricted Stock Units, convertible into an equal number of EXTR common shares. The award vests one-third after one year from the original grant date and 1/12 each quarter thereafter.
Did the EXTREME NETWORKS (EXTR) Form 4 involve the Employee Stock Purchase Plan?
A footnote states that an additional 65 shares are included in the reported total, reflecting a non-reportable purchase under the company’s Employee Stock Purchase Plan (ESPP), indicating some ownership also arises from employee share purchases.
AI-generated analysis. How Rhea-AI works. Not financial advice.
