EXTR Director Raj Khanna Disposes of 15,000 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Raj Khanna, a director of Extreme Networks, reported the sale of 15,000 shares of Common Stock on 08/21/2025 under a 10b5-1 trading plan. The shares were sold at a weighted average price of $19.9124 per share (individual trades ranged $19.725 to $20.055). After the sale, the reporting person beneficially owned 216,708 shares indirectly through The Khanna 2002 Revocable Trust. The Form 4 was signed by a power of attorney on 08/22/2025.

Positive

• Executed under a 10b5-1 plan, which supports compliance with insider trading rules
• Transparent disclosure of weighted-average price and offer to provide per-trade price details
• Beneficial ownership remains disclosed (216,708 shares held indirectly in a revocable trust)

Negative

• Reduction in insider stake by 15,000 shares reported on 08/21/2025
• Sale may modestly reduce alignment between this director's economic exposure and other shareholders (reported disposition only)

Insights

Corporate Governance Expert

TL;DR: Insider sale executed under a pre-established 10b5-1 plan, indicating rule-compliant disposition rather than an ad hoc trade.

This Form 4 shows a director-initiated sale carried out pursuant to a 10b5-1 plan dated 03/03/2025, which provides an affirmative defense to insider trading allegations when plan conditions are met. The disclosure of the weighted-average price range and offer to provide per-trade details supports transparency. The shares remain held indirectly in a family trust, preserving continuity of beneficial ownership disclosure.

Securities Analyst

TL;DR: A modest-sized insider sale with clear pricing; ownership remains material but reduced by the reported disposition.

The sale of 15,000 shares at a weighted average of $19.9124 is a discrete, documented reduction in the reporting person's stake. Post-transaction beneficial ownership of 216,708 shares is reported as indirect via The Khanna 2002 Revocable Trust. The filing includes the required explanatory footnotes and indicates proper execution and signature via power of attorney.

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 NC 27560

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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

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

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

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	08/21/2025		S		15,000(1)	D	$19.9124(2)	216,708	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 03/03/2025.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.725 to $20.055 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/ Katayoun ("Katy") Motiey, Power of Attorney for Raj Khanna	08/22/2025
	** 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.

FAQ

What did Raj Khanna (EXTR) disclose on this Form 4?

He disclosed the sale of 15,000 shares of Extreme Networks common stock on 08/21/2025 at a weighted average price of $19.9124 per share under a 10b5-1 plan.

How many Extreme Networks shares does Raj Khanna beneficially own after the sale?

216,708 shares are reported as beneficially owned following the transaction, held indirectly through The Khanna 2002 Revocable Trust.

Was the sale executed under a pre-established trading plan?

Yes. The transaction was made pursuant to a 10b5-1 plan dated 03/03/2025.

What price range were the shares sold at?

Trades ranged from $19.725 to $20.055 per share, with a reported weighted-average price of $19.9124.

Who signed the Form 4 and when?

The form was signed by a power of attorney, Katayoun Motiey, on 08/22/2025.