Form 4: RHODES KEVIN R reports multiple insider transactions in EXTR

Rhea-AI Filing Summary

RHODES KEVIN R reported multiple insider transaction types in a Form 4 filing for EXTR. The filing lists transactions totaling 23,993 shares at a weighted average price of $14.46 per share. Following the reported transactions, holdings were 58,912 shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RHODES KEVIN R

(Last) (First) (Middle)

2121 RDU CENTER DR.

(Street)

MORRISVILLE NC 27560

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EXTREME NETWORKS INC [ EXTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/15/2026		M		9,819	A	$0	155,887(1)	D
Common Stock	02/15/2026		F		4,355(2)	D	$14.46	151,532	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	02/15/2026		M			9,819	08/15/2025(3)	08/15/2027	Common Stock	9,819	$0	58,912	D

Explanation of Responses:

1. An additional 1,220 shares are included in this total, reflecting non-reportable purchase of 1,220 shares in connection with the Company's Employee Stock Purchase Plan (ESPP).

2. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.

3. This Time-based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.

	/s/ Katayoun ("Katy") Motiey, Power of Attorney for Kevin Rhodes	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did EXTR CFO Kevin Rhodes report on February 15, 2026?

Kevin Rhodes reported exercising 9,819 Restricted Stock Units into common shares at $0 exercise price. In the same transaction, 4,355 shares were withheld at $14.46 per share to satisfy income and payroll tax obligations tied to the release of those award shares.

How many Extreme Networks (EXTR) shares does Kevin Rhodes hold after this Form 4?

After the reported transactions, Kevin Rhodes directly holds 151,532 shares of Extreme Networks common stock. This total includes 1,220 shares acquired through the company’s Employee Stock Purchase Plan, in addition to 58,912 remaining Restricted Stock Units that are scheduled to vest over time.

Were Kevin Rhodes’s EXTR transactions open-market buys or sells?

The transactions were not open-market trades. Rhodes converted 9,819 Restricted Stock Units into common shares at a $0 exercise price, and 4,355 shares were withheld purely to cover income and payroll tax liabilities associated with the equity award release, rather than discretionary stock sales.

What does the tax withholding transaction in Kevin Rhodes’s EXTR Form 4 represent?

The tax withholding transaction represents 4,355 Extreme Networks shares retained by the company at $14.46 per share. These shares were withheld from the released award to pay required income and payroll taxes, which is recorded as a disposition but not a market sale.

How do Kevin Rhodes’s remaining RSUs in EXTR stock vest over time?

Rhodes holds 58,912 remaining Restricted Stock Units that vest on a time-based schedule. From the original grant date, one-third of the award vests after one year, with the remaining two-thirds vesting in equal quarterly installments of one-twelfth each quarter until fully vested.

Does Kevin Rhodes’s EXTR share total include Employee Stock Purchase Plan shares?

Yes. The 151,532 common shares reported as directly owned include an additional 1,220 shares. Those 1,220 shares were acquired through the company’s Employee Stock Purchase Plan and are noted in the footnotes as non-reportable ESPP purchases incorporated into the reported ownership total.