EXTR Insider Report: Katayoun Motiey RSU Vesting and Withholding at $19.72
Rhea-AI Filing Summary
Katayoun Motiey, Chief Legal Admin Sust Officer of Extreme Networks, reported changes in beneficial ownership on 08/15/2025 related to vesting of restricted stock units and performance shares and related tax-withholdings. Multiple transactions show acquisitions of vested awards at $0 (time-based RSUs and performance shares) and dispositions via share withholding to cover taxes at a price of $19.72 per share. Shares are held indirectly in The Katayoun Motiey Trust U/A DTD 8/26/2011. The filing lists post-transaction beneficial ownership amounts for common stock ranging up to 196,630 shares in some lines and documents certification by the Compensation Committee for performance tranches on 8/15/2025. The form is signed by Ms. Motiey on 08/18/2025.
Positive
- Performance awards were certified by the Compensation Committee on 8/15/2025, resulting in earned shares
- Vesting events increased holdings via acquisitions of RSUs and performance shares recorded at $0
- Transparent tax-withholding is disclosed with withholding price of $19.72 per share
- Ownership held in a named trust (The Katayoun Motiey Trust U/A DTD 8/26/2011) providing clarity on indirect ownership
Negative
- None.
Insights
TL;DR: Routine insider vesting and tax-withholding; increases in indirect holdings but no cash purchases or sales to signal market view.
The Form 4 documents multiple vesting events for time-based restricted stock units and performance shares on 08/15/2025, with acquisitions recorded at $0 reflecting vesting and simultaneous share disposals recorded at $19.72 representing tax-withholding. The filing shows beneficial ownership held indirectly through a trust and reports post-transaction balances by line item, with the largest reported indirect balance equal to 196,630 shares in one entry. Certification by the Compensation Committee is noted for performance tranches earned effective 8/15/2025. These are routine equity compensation mechanics rather than open-market buys or sales.
TL;DR: Disclosure is complete for the reported equity awards, showing vesting, tax withholding, and trust ownership.
The Form 4 identifies the reporting persons relationship to the issuer as an officer and details the nature of indirect ownership via the Katayoun Motiey Trust. It documents time-based RSU vesting schedules and performance award certification dates, and discloses shares withheld for taxes with explicit withholding price ($19.72). Signature and explanatory footnotes are present, supporting compliance with Section 16 reporting requirements for award vesting and tax-related dispositions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,329 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,605 | $0.00 | -- |
| Exercise | Restricted Stock Units | 22,409 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 55,780 | $0.00 | -- |
| Grant/Award | Performance Shares | 53,264 | $0.00 | -- |
| Exercise | Performance Shares | 53,264 | $0.00 | -- |
| Grant/Award | Performance Shares | 22,431 | $0.00 | -- |
| Exercise | Performance Shares | 22,431 | $0.00 | -- |
| Exercise | Common Stock | 5,329 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,643 | $19.72 | $52K |
| Exercise | Common Stock | 2,605 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,292 | $19.72 | $25K |
| Exercise | Common Stock | 22,409 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,111 | $19.72 | $219K |
| Exercise | Common Stock | 53,264 | $0.00 | -- |
| Tax Withholding | Common Stock | 26,409 | $19.72 | $521K |
| Exercise | Common Stock | 22,431 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,122 | $19.72 | $219K |
Footnotes (1)
- An additional 449 shares are included in this total, reflecting non-reportable purchase of 449 shares in connection with the Company's Employee Stock Purchase Plan (ESPP). Shares are held in The Katayoun Motiey Trust U/A DTD 8/26/2011 Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release. 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. Represents one tranche of a performance award granted on 08/15/2022. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/15/2025. Represents one tranche of a performance award granted on 08/15/2024. The amount earned was subject to attainment of certain performance conditions and certification thereof by the Compensation Committee, which certification occurred on 8/15/2025.
