Director’s trust sells 50K Extreme Networks (NASDAQ: EXTR) shares

Rhea-AI Filing Summary

Extreme Networks director Edward H. Kennedy reported an indirect open-market sale of common stock through the Edward and Maureen Kennedy Living Trust. On May 4, 2026, the trust sold 50,000 shares at a weighted average price of $22.8585 per share.

According to the filing, the sale occurred in multiple trades at prices ranging from $22.80 to $23.115 per share. After these transactions, the trust’s indirect holdings stand at 576,045 shares of Extreme Networks common stock.

Insider Trade Summary

Net Seller: 50,000 shares ($1,142,925)

Net Sell 1 txn

Insider KENNEDY EDWARD H

Role null

Sold 50,000 shs ($1.14M)

Type	Security	Shares	Price	Value
Sale	Common Stock	50,000	$22.8585	$1.14M

Holdings After Transaction: Common Stock — 576,045 shares (Indirect, by Trust)

Footnotes (1)

1. Shares are held in the Edward and Maureen Kennedy Living Trust. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.80 to $23.115 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: $22.8585 per share Post-transaction holdings: 576,045 shares +2 more

5 metrics

Shares sold 50,000 shares Common stock sold on May 4, 2026

Weighted average sale price $22.8585 per share Average price for 50,000 shares sold

Post-transaction holdings 576,045 shares Indirectly held by Edward and Maureen Kennedy Living Trust after sale

Trade price range $22.80–$23.115 per share Price range across multiple sale transactions

Net shares sold 50,000 shares Net selling activity in this Form 4

Key Terms

open-market sale, indirect ownership, weighted average price, Living Trust

4 terms

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.

indirect ownership financial

""ownership_type": "indirect""

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.

Living Trust financial

"Shares are held in the Edward and Maureen Kennedy Living Trust."

Form 4 Insider Transactions: What Each Field Means →

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).

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^*

KENNEDY EDWARD H

(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)
05/04/2026

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	05/04/2026		S		50,000	D	$22.8585(2)	576,045	I	by Trust(1)

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. Shares are held in the Edward and Maureen Kennedy Living Trust.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.80 to $23.115 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.

	/s/ Daniel Ricks, Power of Attorney for Edward H Kennedy	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)

FAQ

What insider transaction did EXTREME NETWORKS INC (EXTR) report on this Form 4?

EXTREME NETWORKS INC reported that a trust associated with director Edward H. Kennedy sold 50,000 shares of common stock in an open-market transaction. The sale reflects indirect ownership activity through the Edward and Maureen Kennedy Living Trust, rather than a direct personal trade.

How many EXTREME NETWORKS INC (EXTR) shares were sold and at what price?

The trust sold 50,000 shares of Extreme Networks common stock at a weighted average price of $22.8585 per share. The filing explains that individual trades occurred within a price range from $22.80 to $23.115 per share, inclusive, across multiple transactions.

Who executed the sale of EXTR shares and how is the ownership held?

The sale was executed by the Edward and Maureen Kennedy Living Trust, which holds shares associated with director Edward H. Kennedy. The filing classifies the position as indirect ownership by trust, indicating the shares are not held directly in Kennedy’s personal name.

How many EXTREME NETWORKS INC (EXTR) shares remain held after the reported sale?

Following the reported transactions, the Edward and Maureen Kennedy Living Trust holds 576,045 shares of Extreme Networks common stock. This figure represents the trust’s remaining indirect ownership position after selling 50,000 shares in the open-market sale described in the Form 4.

What does the price range disclosure mean in this EXTR Form 4 filing?

The filing notes that the reported price is a weighted average of multiple trades executed between $22.80 and $23.115 per share. The insider undertakes to provide a detailed breakdown of the number of shares sold at each individual price within that range upon request.