Katayoun Motiey - 02 Jun 2025 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Reporting relationship: Chief Legal Admin Sust Officer
Issuer ticker: EXTR
Reported as of: 02 Jun 2025
Net transaction value: -$695,111
SEC form: 4
Accepted by SEC: 03 Jun 2025, 16:57:08 UTC
Prior SEC filing: 16 May 2025
Next SEC filing: 18 Aug 2025
Source filing: View source filing
Reporting owner signature: /s/ Katayoun ("Katy") Motiey

Key filing fact

Katayoun Motiey filed Form 4 for EXTREME NETWORKS INC (EXTR) on 03 Jun 2025.

Key facts

This page summarizes Katayoun Motiey's Form 4 filing for EXTREME NETWORKS INC (EXTR).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 03 Jun 2025, 16:57.

Change

Previous filing in this sequence was filed on 16 May 2025.
Current net transaction value: -$695,111.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001659088 Primary reporting owner

MOTIEY KATAYOUN

Relationship: Chief Legal Admin Sust Officer
Address: 2121 RDU CENTER DR., MORRISVILLE
Signature: /s/ Katayoun ("Katy") Motiey
Signature date: 03 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EXTR transaction

Common Stock

Options Exercise

Transaction value: $125,542
Shares: +19,616
Change %: +15%
Price: $6.40
Shares after: 147,236
Date: 02 Jun 2025
Ownership: by Trust
Footnotes: F1

EXTR transaction

Common Stock

Sale

Transaction value: $313,858
Shares: -19,616
Change %: -13%
Price: $16.00
Shares after: 127,620
Date: 02 Jun 2025
Ownership: by Trust
Footnotes: F1, F2

EXTR transaction

Common Stock

Options Exercise

Transaction value: $333,978
Shares: +52,184
Change %: +41%
Price: $6.40
Shares after: 179,804
Date: 03 Jun 2025
Ownership: by Trust
Footnotes: F1

EXTR transaction

Common Stock

Sale

Transaction value: $840,773
Shares: -52,184
Change %: -29%
Price: $16.11
Shares after: 127,620
Date: 03 Jun 2025
Ownership: by Trust
Footnotes: F1, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EXTR transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -19,616
Change %: -27%
Price: $0.000000
Shares after: 52,184
Date: 02 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 19,616
Exercise price: $6.40
Footnotes: F4

EXTR transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -52,184
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 03 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 52,184
Exercise price: $6.40
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Shares are held in The Katayoun Motiey Trust U/A DTD 8/26/2011

Footnote F2

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.00 to $16.005 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F3

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.00 to $16.315 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F4

This Performance Stock Option Grant was achieved after the Company's Common Stock closing price exceeded $10.00 for 30 consecutive trading days on June 25, 2021. Once earned, the shares vest as to 1/3 subject thereto on August 31, 2019 and 1/12 of the shares thereto on each quarterly anniversary thereafter with any shares that would have already been vested in accordance with the time based vesting schedule vesting immediately when the PSOs were earned.