Extreme Networks Executive to Sell 25,000 Shares from Vested RSUs
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
A Form 144 has been filed for Extreme Networks indicating a proposed sale of 25,000 shares of common stock with an aggregate market value of $430,000. The sale is planned to be executed through The Charles Schwab Corporation on the NASDAQ exchange, with an approximate sale date of June 23, 2025.
The securities to be sold were originally acquired on December 1, 2016, through vested RSUs from the issuer. The current total shares outstanding for the company is 133,167,692.
Key details:
- Share Price Implied: ~$17.20 per share ($430,000/25,000 shares)
- Sale represents approximately 0.019% of total shares outstanding
- No other securities were reported as sold by the filer during the past 3 months
- Transaction is being executed under SEC Rule 144, which governs the sale of restricted or control securities
Positive
- None.
Negative
- Insider plans to sell 25,000 shares worth $430,000 on NASDAQ, though this represents only about 0.019% of total outstanding shares