Extreme Networks CEO sells 50K shares at $21.90
EXTREME NETWORKS INC (EXTR) president and CEO Edward Meyercord reported selling 50,000 shares of common stock on September 1, 2026 in an open-market transaction under a Rule 10b5-1 trading plan dated August 28, 2025.
Rhea-AI Filing Summary
EXTREME NETWORKS INC (EXTR) president and CEO Edward Meyercord reported selling 50,000 shares of common stock on September 1, 2026 in an open-market transaction under a Rule 10b5-1 trading plan dated August 28, 2025. The weighted-average sale price was $21.8984 per share, and he now holds 1,760,097 shares directly.
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Insider Trade Summary 10b5-1
Net Seller: 50,000 shares
Net Sell
1 txn
Insider
MEYERCORD EDWARD
Role
PRESIDENT AND CEO
Sold
50,000 shs ($1.09M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 50,000 | $21.8984 | $1.09M |
Holdings After Transaction:
Common Stock — 1,760,097 shares (Direct)
Footnotes (2)
- F1. Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 08/28/2025.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.72 to $22.31 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.
Key Figures
Shares sold: 50,000 shares
Weighted-average sale price: $21.8984 per share
Sale price range: $21.72–$22.31 per share
+2 more
5 metrics
Shares sold
50,000 shares
Common stock sold by CEO on September 1, 2026
Weighted-average sale price
$21.8984 per share
Common stock sale on September 1, 2026
Sale price range
$21.72–$22.31 per share
Multiple transactions included in the reported sale
Shares held after transaction
1,760,097 shares
Direct holdings of CEO after September 1, 2026 sale
Rule 10b5-1 plan date
August 28, 2025
Date of the trading plan governing the reported sale
Key Terms
Rule 10b5-1 Plan, weighted average price, open market
3 terms
Rule 10b5-1 Plan regulatory
"Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 08/28/2025"
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.
open market market
"Sale in open market or private transaction"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
FAQ
What insider transaction did EXTR’s CEO report on this Form 4?
Edward Meyercord, president and CEO of EXTREME NETWORKS INC (EXTR), reported an open-market sale of 50,000 shares of common stock on September 1, 2026 at a weighted-average price of $21.8984 per share.
Was the EXTR CEO’s sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the sale was made pursuant to the reporting person’s Rule 10b5-1 Plan dated August 28, 2025, and the Rule 10b5-1 affirmation checkbox on the form is marked true.
AI-generated analysis. How Rhea-AI works. Not financial advice.