Director at Extreme Networks (EXTR) sells 10K shares via trust

Q: At what price did Raj Khanna’s trust sell Extreme Networks (EXTR) shares?

Both reported trades were executed at $22.20 per share . On April 30, 2026, the trust sold 3,204 shares , and on May 1, 2026, it sold 6,796 shares , all at this same open-market price level.

Q: Who actually holds the Extreme Networks (EXTR) shares involved in these Form 4 sales?

The shares are held by The Khanna 2002 Revocable Trust , with Raj Khanna and Madhu Khanna as trustees. The Form 4 reports the transactions as indirect ownership "By Trust," meaning the entity executing the trades is the revocable trust, not Khanna personally.

Q: What type of transaction was reported for Extreme Networks (EXTR) on this Form 4?

The filing shows open-market sales of Extreme Networks common stock. Both entries use transaction code “S” with the description “Sale in open market or private transaction,” indicating standard sale transactions rather than option exercises, gifts, or tax-related withholdings.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

EXTREME NETWORKS INC director Raj Khanna reported two open-market sales of common stock executed by The Khanna 2002 Revocable Trust. The trust sold 3,204 shares on April 30, 2026 and 6,796 shares on May 1, 2026 at $22.20 per share under a Rule 10b5-1 plan dated 09/02/2025, and now holds 220,062 shares indirectly.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares ($222,000)

Net Sell 2 txns

Insider Khanna Raj

Role null

Sold 10,000 shs ($222K)

Type	Security	Shares	Price	Value
Sale	Common Stock	6,796	$22.20	$151K
Sale	Common Stock	3,204	$22.20	$71K

Holdings After Transaction: Common Stock — 220,062 shares (Indirect, By Trust)

Footnotes (1)

Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 09/02/2025. Shares are held in The Khanna 2002 Revocable Trust. Raj Khanna and Madhu Khanna, Trustees.

Key Figures

Shares sold: 10,000 shares Sale price: $22.20 per share Shares held after transactions: 220,062 shares +2 more

5 metrics

Shares sold 10,000 shares Total open-market sales on April 30 and May 1, 2026

Sale price $22.20 per share Price for both reported transactions

Shares held after transactions 220,062 shares Indirectly owned via The Khanna 2002 Revocable Trust

First sale size 3,204 shares Open-market sale on April 30, 2026

Second sale size 6,796 shares Open-market sale on May 1, 2026

Key Terms

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

3 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.

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.

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.

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 06:50 PM

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^*

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)
04/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/30/2026		S		3,204⁽¹⁾	D	$22.2	226,858	I	By Trust⁽²⁾
Common Stock	05/01/2026		S		6,796⁽¹⁾	D	$22.2	220,062	I	By Trust⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

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

	/s/ Daniel Ricks, Power of Attorney for Raj Khanna	05/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Extreme Networks (EXTR) disclose on this Form 4?

Extreme Networks disclosed that director Raj Khanna reported two open-market sales totaling 10,000 shares of common stock. The trades occurred on April 30, 2026 and May 1, 2026 at $22.20 per share through The Khanna 2002 Revocable Trust.

At what price did Raj Khanna’s trust sell Extreme Networks (EXTR) shares?

Both reported trades were executed at $22.20 per share. On April 30, 2026, the trust sold 3,204 shares, and on May 1, 2026, it sold 6,796 shares, all at this same open-market price level.

How many Extreme Networks (EXTR) shares does Raj Khanna still hold after these sales?

After the reported transactions, The Khanna 2002 Revocable Trust holds 220,062 shares of Extreme Networks common stock. These shares are reported as indirect ownership because they are held in the trust where Raj Khanna and Madhu Khanna serve as trustees.

Were Raj Khanna’s Extreme Networks (EXTR) stock sales made under a Rule 10b5-1 plan?

Yes. A footnote states the transactions were made pursuant to the reporting person’s Rule 10b5-1 Plan dated 09/02/2025. Such pre-arranged trading plans allow insiders to schedule trades in advance, helping separate trading decisions from day-to-day market information.

Who actually holds the Extreme Networks (EXTR) shares involved in these Form 4 sales?

The shares are held by The Khanna 2002 Revocable Trust, with Raj Khanna and Madhu Khanna as trustees. The Form 4 reports the transactions as indirect ownership "By Trust," meaning the entity executing the trades is the revocable trust, not Khanna personally.

What type of transaction was reported for Extreme Networks (EXTR) on this Form 4?

The filing shows open-market sales of Extreme Networks common stock. Both entries use transaction code “S” with the description “Sale in open market or private transaction,” indicating standard sale transactions rather than option exercises, gifts, or tax-related withholdings.