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EXTR Insider Report: Katayoun Motiey RSU Vesting and Withholding at $19.72

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

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 MOTIEY KATAYOUN
Role Chief Legal Admin Sust Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 5,329 $0.00 $0.00
Exercise Restricted Stock Units 2,605 $0.00 $0.00
Exercise Restricted Stock Units 22,409 $0.00 $0.00
Grant/Award Restricted Stock Units 55,780 $0.00 $0.00
Grant/Award Performance Shares 53,264 $0.00 $0.00
Exercise Performance Shares 53,264 $0.00 $0.00
Grant/Award Performance Shares 22,431 $0.00 $0.00
Exercise Performance Shares 22,431 $0.00 $0.00
Exercise Common Stock 5,329 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 2,643 $19.72 $52K
Exercise Common Stock 2,605 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 1,292 $19.72 $25K
Exercise Common Stock 22,409 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 11,111 $19.72 $219K
Exercise Common Stock 53,264 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 26,409 $19.72 $521K
Exercise Common Stock 22,431 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 11,122 $19.72 $219K
Holdings After Transaction: Restricted Stock Units — 111,084 shares (Direct); Performance Shares — 22,431 shares (Direct); Common Stock — 181,530 shares (Indirect, by Trust)
Footnotes (6)
  1. F1. 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).
  2. F2. Shares are held in The Katayoun Motiey Trust U/A DTD 8/26/2011
  3. F3. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
  4. 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.
  5. F5. 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.
  6. F6. 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.

FAQ

What transactions did Katayoun Motiey report on Form 4 for EXTR?
Answer: The filing reports vesting acquisitions of restricted stock units and performance shares on 08/15/2025 and share dispositions via withholding for taxes at a price of $19.72 per share.

How many shares does the filing show after the reported transactions?
Answer: The form lists various post-transaction beneficial ownership amounts by line, including entries of 133,398, 154,477, 196,630, and others up to 196,630 shares for indirect trust-held positions.

Are the reported shares held directly or indirectly for EXTR insider Katayoun Motiey?
Answer: Shares are reported as held indirectly in The Katayoun Motiey Trust U/A DTD 8/26/2011.

What caused the disposals listed on the Form 4 at $19.72 per share?
Answer: The disposals represent shares withheld from released awards to pay applicable income and payroll withholding taxes, as noted in the filing.

When were the performance tranches certified and reflected in this filing?
Answer: The filing states one performance tranche granted on 08/15/2022 was certified and earned on 08/15/2025, and a tranche from 08/15/2024 was also certified on 08/15/2025.

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Form 4 Insider Transactions: What Each Field Means →
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 NC 27560
(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 08/15/2025 M 5,329 A $0 133,398(1) I by Trust(2)
Common Stock 08/15/2025 F 2,643(3) D $19.72 130,755 I by Trust(2)
Common Stock 08/15/2025 M 2,605 A $0 133,360 I by Trust(2)
Common Stock 08/15/2025 F 1,292(3) D $19.72 132,068 I by Trust(2)
Common Stock 08/15/2025 M 22,409 A $0 154,477 I by Trust(2)
Common Stock 08/15/2025 F 11,111(3) D $19.72 143,366 I by Trust(2)
Common Stock 08/15/2025 M 53,264 A $0 196,630 I by Trust(2)
Common Stock 08/15/2025 F 26,409(3) D $19.72 170,221 I by Trust(2)
Common Stock 08/15/2025 M 22,431 A $0 192,652 I by Trust(2)
Common Stock 08/15/2025 F 11,122(3) D $19.72 181,530 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0 08/15/2025 M 5,329 08/15/2023(4) 08/15/2025 Common Stock 5,329 $0 0 D
Restricted Stock Units $0 08/15/2025 M 2,605 08/15/2024(4) 08/15/2026 Common Stock 2,605 $0 10,419 D
Restricted Stock Units $0 08/15/2025 M 22,409 08/15/2025(4) 08/15/2027 Common Stock 22,409 $0 44,885 D
Restricted Stock Units $0 08/15/2025 A 55,780 08/15/2025(4) 08/15/2027 Common Stock 55,780 $0 55,780 D
Performance Shares $0 08/15/2025 A 53,264 08/15/2023(5) 08/15/2025 Common Stock 53,264 $0 53,264 D
Performance Shares $0 08/15/2025 M 53,264 08/15/2023(5) 08/15/2025 Common Stock 53,264 $0 0 D
Performance Shares $0 08/15/2025 A 22,431 08/15/2025(6) 08/15/2027 Common Stock 22,431 $0 22,431 D
Performance Shares $0 08/15/2025 M 22,431 08/15/2023(6) 08/15/2025 Common Stock 22,431 $0 0 D
Explanation of Responses:
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).
2. Shares are held in The Katayoun Motiey Trust U/A DTD 8/26/2011
3. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
4. 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.
5. 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.
6. 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.
/s/ Katayoun ("Katy") Motiey 08/18/2025
** 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.

Source: View Original Filing on SEC EDGAR