Chief Legal Officer Sells Nearly $1 Million in Stock Near 52-Week High
EXTR has more than doubled off its 52-week low of $13.475.
Summary
A key officer at Extreme Networks sold nearly $1 million worth of company stock, adding to recent insider selling activity as the stock approaches its annual high.
Key Events · Ownership and Investor Activity · EXTR
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Officer Sells Shares
Katayoun Motiey, Chief Legal Administrative and Sustainability Officer, disposed of 30,000 shares of common stock.
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Significant Value
The transaction totaled $930,762, representing a notable personal sale by a C-suite executive.
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Timing Near Highs
The sale occurred on June 12, 2026, with the stock trading near its 52-week high of $31.565, potentially indicating profit-taking.
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Insider Distribution Trend
This sale contributes to a net insider distribution of over $14.7 million in open-market sales by 6 insiders over the last 90 days.
Analysis · EXTR · Technology
Katayoun Motiey, the Chief Legal Administrative and Sustainability Officer, sold a substantial amount of company stock, totaling $930,762. This sale, occurring while the stock trades near its 52-week high, contributes to a broader trend of insider distribution observed over the past 90 days.
At the time of this filing, EXTR was trading at $31.11 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $13.48 to $31.57. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.