EXTR Form 144: 25,000 Class A Shares Proposed Sale via Goldman Sachs

Rhea-AI Filing Summary

Extreme Networks (EXTR) filed a Form 144 reporting a proposed sale of 25,000 shares of Class A Common stock through Goldman Sachs & Co. LLC on 08/11/2025, with an aggregate market value of $502,000. The filing lists 133,167,692 shares outstanding, so the proposed sale represents about 0.019% of outstanding shares.

The securities to be sold were acquired as compensation: 13,534 shares from Restricted Stock Units dated 11/04/2021 and 11,466 shares from Restricted Stock Awards dated 11/08/2023. The filer reports no securities sold in the past three months and includes the standard representation that they are not aware of undisclosed material adverse information about the issuer.

Insights

Securities Analyst

TL;DR Insider plans to sell a small block of shares (25,000, ~$502K), representing an immaterial portion of shares outstanding.

The proposed sale equals roughly 0.019% of outstanding shares, indicating a limited potential market impact. The shares were granted as compensation (RSUs and restricted awards), which is common for employee holders. No other sales were reported in the past three months, reducing likelihood of a larger, coordinated disposition. On its face, this Form 144 appears to be a routine disposition under Rule 144 rather than a signal of material company developments.

Corporate Governance Expert

TL;DR The disclosure follows standard Rule 144 procedures and documents a compensation-related sale; governance signals are neutral given the small size.

The filing documents that the shares to be sold were acquired from the issuer as compensation on two dates in 2021 and 2023, suggesting these are typical vested awards being monetized. The use of an institutional broker and the absence of recent other sales are consistent with orderly disposition practices. From a governance perspective, this filing raises no immediate red flags about insider conduct or information asymmetry based on the facts presented.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	25000	502000	133167692	08/11/2025	NASD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	11/04/2021	Acquired as compensation -- Restricted Stock Units	The issuer			13534	11/04/2021	Compensation
Class A Common	11/08/2023	Acquired as compensation -- Restricted Stock Awards	The issuer			11466	11/08/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does EXTR's Form 144 disclose?

The filing discloses a proposed sale of 25,000 shares of Class A Common via Goldman Sachs & Co. LLC on 08/11/2025, valued at $502,000.

How large is the sale relative to Extreme Networks' outstanding shares (EXTR)?

The filing lists 133,167,692 shares outstanding, so the proposed sale is about 0.019% of outstanding shares.

When and how were the shares being sold acquired?

The shares were acquired as compensation: 13,534 via Restricted Stock Units on 11/04/2021 and 11,466 via Restricted Stock Awards on 11/08/2023.

Were any EXTR securities sold by the filer in the past three months?

The Form 144 indicates "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed sale in the Form 144?

The broker named in the filing is Goldman Sachs & Co. LLC, located at 200 West Street, New York, NY.