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

Financial Analyst

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.

Corporate Governance Expert

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.

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

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OMB Number:			3235-0287
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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.
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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.