MOTIEY KATAYOUN 4

What Happened
Katayoun Motiey, Chief Legal, Administrative & Sustainability Officer at Extreme Networks (EXTR), had time‑based restricted stock units (RSUs) convert to 8,215 shares on 2026-02-15. The RSUs converted at no exercise price (treated as derivative conversion). To cover applicable income/payroll taxes, 3,663 of those shares were withheld at $14.46 each (total withheld value $52,967), leaving a net issuance of 4,552 shares to Motiey (net value ≈ $65,822).

Key Details

• Transaction date reported: 2026-02-15; Form 4 filed 2026-02-17 (timely).
• Conversion/exercise entries: 2,604 and 5,611 shares converted (total 8,215) at $0.00 (M code).
• Tax withholding (F code): 1,161 and 2,502 shares withheld at $14.46 each (total 3,663 shares; $16,788 + $36,179 = $52,967).
• Gross value of shares released: 8,215 × $14.46 ≈ $118,789; net value retained ≈ $65,822.
• Footnotes: 1,220 additional shares from the company ESPP are included in reported totals (non‑reportable ESPP purchase); shares are held in The Katayoun Motiey Trust; withholding reflects shares retained to pay income/payroll taxes; the award vests per the original time‑based RSU schedule (1/3 at year one, then 1/12 each quarter).
• Filing does not report a total post‑transaction share count in the provided entries.

Context
This was a routine conversion/release of vested RSUs with tax withholding (cashless settlement), not an open‑market purchase or sale. Such withholdings are common practice to cover tax liabilities and do not by themselves indicate a change in insider sentiment.