Extreme Networks (EXTR) Form 144 Filed for 14K-Share RSU Sale

Rhea-AI Filing Summary

Form 144 notice for EXTR (Extreme Networks) reports a proposed sale of 14,000 common shares held in a brokerage account at Fidelity Brokerage Services. The filing lists an aggregate market value of $301,280 and shows the company's shares outstanding as 132,209,606. The shares were acquired as restricted stock units (RSUs) on December 20, 2023, with payment dated the same day. The filing indicates an approximate sale date of August 28, 2025 and names NASDAQ as the exchange. No other sales in the past three months are reported and the filer affirms the absence of undisclosed material adverse information.

Positive

• Filing provides clear disclosure of broker, number of shares, aggregate market value, acquisition date, and planned sale date
• No reported sales of the issuer's securities by the filer in the past three months

Negative

• Insider proposes sale of 14,000 shares (aggregate value $301,280), which may be perceived negatively by some investors
• No 10b5-1 plan date provided in the remarks, so the sale does not appear to be explicitly tied to a disclosed prearranged trading plan in this filing

Insights

Securities Analyst

TL;DR: Insider proposes a routine RSU-derived sale of 14,000 EXTR shares; filing is informational and not materially large relative to shares outstanding.

The Form 144 documents a proposed sale under Rule 144 of 14,000 common shares acquired as RSUs on 12/20/2023 and held at Fidelity. The aggregate value of $301,280 implies a per-share price consistent with the indicated market value. Compared with the stated 132,209,606 shares outstanding, the proposed sale represents approximately 0.0106% of outstanding shares, a de minimis portion that is unlikely to move market supply materially. The absence of any sales in the prior three months suggests this is an isolated planned sale rather than a pattern of significant insider disposition.

Corporate Governance Expert

TL;DR: Filing complies with Rule 144 disclosure requirements and includes standard attestation about material information.

The notice identifies the broker, planned sale date (08/28/2025), and the acquisition method (RSU). It also includes the customary representation that the seller is not aware of undisclosed material adverse information. From a governance perspective, the filing appears complete for a proposed Rule 144 sale and provides investors with transparent notice of an insider-originated transaction. No additional plan adoption date or 10b5-1 instruction is provided in the remarks, so no scheduled trading plan is indicated in this document.

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
Common	Fidelity Brokerage Services LLC 245 Summer Street Boston MA 02110	14000	301280.00	132209606	08/28/2025	NASDAQ

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 *
Common	12/20/2023	RSU	EXTR			14000	12/20/2023	N/A

* 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

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 the Form 144 for EXTR report?

The Form 144 reports a proposed sale of 14,000 EXTR common shares via Fidelity, with an aggregate market value of $301,280 and an approximate sale date of 08/28/2025.

How were the EXTR shares being sold acquired?

The shares were acquired as restricted stock units (RSUs) on 12/20/2023, with the reported amount of 14,000 shares.

Does the Form 144 show any other recent sales by the filer?

No. The filing states 'Nothing to Report' for securities sold during the past three months by the person for whose account the securities are to be sold.

What broker and exchange are listed on the filing?

The broker is Fidelity Brokerage Services LLC and the exchange named is NASDAQ.

How large is the proposed sale relative to EXTR's outstanding shares?

The filing lists 132,209,606 shares outstanding; 14,000 shares represent approximately 0.0106% of outstanding shares based on those numbers.