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Extreme Networks (EXTR) director’s trust sells 15,000 shares under 10b5-1 plan

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

EXTREME NETWORKS INC director Raj Khanna, through The Khanna 2002 Revocable Trust, reported an open-market sale of 15,000 shares of common stock on 2026-08-10 at a weighted average price of $24.2001 per share, with individual sale prices ranging from $24.2000 to $24.2050. Following this transaction executed under a Rule 10b5-1 trading plan dated 09/02/2025, the trust holds 195,062 shares of Extreme Networks common stock.

Positive

  • None.

Negative

  • None.
Insider Khanna Raj
Role Director
Sold 15,000 shs ($363K)
Type Security Shares Price Value
Sale Common Stock F1, F2, F3 15,000 $24.2001 $363K
Holdings After Transaction: Common Stock — 195,062 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 $24.2000 to $24.2050 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.
Shares sold 15,000 shares Common stock sold on 2026-08-10 in open-market or private transactions
Weighted average sale price $24.2001 per share Average price for 15,000 EXTR shares sold on 2026-08-10
Sale price range $24.2000–$24.2050 per share Price range of multiple transactions comprising the 15,000-share sale
Shares held after sale 195,062 shares EXTR common stock held by The Khanna 2002 Revocable Trust following the transaction
10b5-1 plan date 09/02/2025 Date of the Rule 10b5-1 trading plan governing the reported sale
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.
indirect ownership financial
"Shares are held in The Khanna 2002 Revocable Trust. Raj Khanna and Madhu Khanna, Trustees."

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FAQ

What insider transaction did EXTR director Raj Khanna report on August 10, 2026?
Director Raj Khanna, via The Khanna 2002 Revocable Trust, reported selling 15,000 EXTR common shares on 2026-08-10 in an open-market transaction at a weighted average price of $24.2001 per share.

At what price were the 15,000 EXTR shares sold in the reported transaction?
The 15,000 EXTR shares were sold at a weighted average price of $24.2001 per share, in multiple trades with individual prices ranging from $24.2000 to $24.2050 per share.

How many EXTR shares does Raj Khanna’s trust hold after the August 2026 sale?
After the reported sale, The Khanna 2002 Revocable Trust holds 195,062 shares of EXTR common stock, as disclosed as the total shares beneficially owned following the transaction.

Was the August 10, 2026 EXTR share sale by Raj Khanna under a Rule 10b5-1 plan?
Yes. The sale was executed pursuant to a Rule 10b5-1 trading plan dated 09/02/2025, meaning the trades followed a pre-arranged plan rather than discretionary timing.

Who legally holds the EXTR shares involved in Raj Khanna’s reported sale?
The shares are held by The Khanna 2002 Revocable Trust, with Raj Khanna and Madhu Khanna serving as trustees, and the ownership is reported as indirect through the trust.
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/10/2026S15,000(1)D$24.2001(2)195,062IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $24.2000 to $24.2050 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 Khanna08/11/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR