Director-linked trust sells 10,000 Extreme Networks shares

Extreme Networks director Raj Khanna, through The Khanna 2002 Revocable Trust, reported an open-market sale of 10,000 shares of common stock on May 5, 2026 at a weighted average price of about $23.2002 per share, in trades ranging from $23.20 to $23.21.

Rhea-AI Filing Summary

Extreme Networks director Raj Khanna, through The Khanna 2002 Revocable Trust, reported an open-market sale of 10,000 shares of common stock on May 5, 2026 at a weighted average price of about $23.2002 per share, in trades ranging from $23.20 to $23.21.

The transaction was executed under a pre-arranged Rule 10b5-1 trading plan dated September 2, 2025. Following this sale, the trust continues to hold 210,062 shares indirectly attributed to Khanna.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares

Net Sell 1 txn

Insider Khanna Raj

Role Director

Sold 10,000 shs ($232K)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,000	$23.2002	$232K

Holdings After Transaction: Common Stock — 210,062 shares (Indirect, By Trust)

Footnotes (3)

1. F1. Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 09/02/2025.
2. F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.20 to $23.21 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3. F3. Shares are held in The Khanna 2002 Revocable Trust. Raj Khanna and Madhu Khanna, Trustees.

Key Figures

Shares sold: 10,000 shares Weighted average sale price: $23.2002 per share Post-transaction holdings: 210,062 shares +1 more

4 metrics

Shares sold 10,000 shares Open-market sale on May 5, 2026

Weighted average sale price <money>$23.2002</money> per share Reported Form 4 transaction price

Post-transaction holdings 210,062 shares Indirectly held by The Khanna 2002 Revocable Trust after sale

Sale price range <money>$23.20</money>–<money>$23.21</money> per share Multiple transactions within this range

Key Terms

Rule 10b5-1 Plan, weighted average price, Revocable Trust, open-market sale

4 terms

Rule 10b5-1 Plan regulatory

"Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 09/02/2025."

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

weighted average price financial

"The reported price in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Revocable Trust financial

"Shares are held in The Khanna 2002 Revocable Trust."

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did EXTREME NETWORKS INC (EXTR) report for Raj Khanna?

EXTREME NETWORKS INC reported that director Raj Khanna, via The Khanna 2002 Revocable Trust, sold 10,000 shares of common stock. The open-market sale occurred on May 5, 2026, at a weighted average price near $23.20 per share under a pre-arranged 10b5-1 plan.

At what price were the EXTR shares sold in Raj Khanna’s recent Form 4 filing?

The reported weighted average sale price was about $23.2002 per share. According to the filing, individual trades occurred in multiple transactions at prices ranging from $23.20 to $23.21 per share, and full trade details are available upon request from the parties listed.

How many EXTR shares does Raj Khanna’s trust hold after the reported sale?

After selling 10,000 shares, The Khanna 2002 Revocable Trust holds 210,062 shares of Extreme Networks common stock. These shares are reported as indirect ownership for director Raj Khanna, reflecting a remaining substantial position following this single open-market transaction disclosed in the Form 4.

Was Raj Khanna’s EXTR share sale made under a Rule 10b5-1 trading plan?

Yes. The filing states the transaction was made pursuant to Raj Khanna’s Rule 10b5-1 trading plan dated September 2, 2025. Such pre-arranged plans schedule trades in advance, helping separate routine portfolio management from discretionary timing decisions by the insider.

Who legally holds the EXTR shares involved in Raj Khanna’s Form 4 transaction?

The shares are held by The Khanna 2002 Revocable Trust, with Raj Khanna and Madhu Khanna as trustees. The Form 4 reports the transaction as indirect ownership by trust, clarifying that the position is maintained through this estate-planning vehicle rather than direct personal registration.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/06/2026 - 06:10 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

X

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^*

Khanna Raj

(Last) (First) (Middle)

2121 RDU CENTER DR.

(Street)

MORRISVILLE NORTH CAROLINA 27560

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

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

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

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

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	05/05/2026		S		10,000(1)	D	$23.2002(2)	210,062	I	By Trust(3)

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

Explanation of Responses:

1. Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 09/02/2025.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.20 to $23.21 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. Shares are held in The Khanna 2002 Revocable Trust. Raj Khanna and Madhu Khanna, Trustees.

	/s/ Daniel Ricks, Power of Attorney for Raj Khanna	05/06/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)