Extreme Networks Insider Offloads 10,000 Shares in Planned Sale

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Director Raj Khanna of Extreme Networks (EXTR) executed planned sales of company shares under a 10b5-1 trading plan dated March 3, 2025. The transactions occurred over two days:

On June 23, 2025: Sold 7,973 shares at weighted average price of $17.2035 per share
On June 24, 2025: Sold 2,027 shares at weighted average price of $17.4346 per share

Following these transactions, Khanna indirectly owns 231,708 shares through The Khanna 2002 Revocable Trust, where he serves as co-trustee with Madhu Khanna. The sales were executed according to a pre-established trading plan, which helps avoid allegations of insider trading by setting parameters for future trades in advance.

Positive

The insider trading was executed according to a pre-planned 10b5-1 trading plan established on 03/03/2025, indicating compliance with regulatory requirements and reducing concerns about opportunistic selling

Negative

Director Raj Khanna sold a total of 10,000 shares (7,973 + 2,027) over two days at average prices of $17.20 and $17.43, reducing their indirect holdings through trust to 231,708 shares
The sequential selling pattern and increasing price points could suggest a desire to exit the position, which might signal reduced confidence in the company's near-term prospects

Insider Trade Summary

Net Seller: 10,000 shares ($172,503)

Net Sell 2 txns

Insider Khanna Raj

Role Director

Sold 10,000 shs ($173K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,027	$17.4346	$35K
Sale	Common Stock	7,973	$17.2035	$137K

Holdings After Transaction: Common Stock — 231,708 shares (Indirect, By Trust)

Footnotes (1)

Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 03/03/2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.20 to $17.2050 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.3950 to $17.450 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. Shares are held in The Khanna 2002 Revocable Trust. Raj Khanna and Madhu Khanna, Trustees.

Form 4 Insider Transactions: What Each Field Means →

06/24/2025 - 06:43 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

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)
06/23/2025

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)
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	06/23/2025		S		7,973⁽¹⁾	D	$17.2035⁽²⁾	233,735	I	By Trust⁽⁴⁾
Common Stock	06/24/2025		S		2,027⁽¹⁾	D	$17.4346⁽³⁾	231,708	I	By Trust⁽⁴⁾

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 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 $17.20 to $17.2050 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.3950 to $17.450 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.

4. 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	06/24/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many EXTR shares did Director Raj Khanna sell in June 2025?

Director Raj Khanna sold a total of 10,000 shares of Extreme Networks (EXTR) stock over two days: 7,973 shares on June 23, 2025, and 2,027 shares on June 24, 2025.

What was the sale price of EXTR shares in Director Khanna's transactions?

The shares were sold at weighted average prices of $17.2035 per share on June 23 (ranging from $17.20 to $17.2050) and $17.4346 per share on June 24 (ranging from $17.3950 to $17.450).

How many EXTR shares does Raj Khanna own after the June 2025 sales?

After the reported transactions, Raj Khanna indirectly owns 231,708 shares of Extreme Networks (EXTR) through The Khanna 2002 Revocable Trust, where he serves as a trustee along with Madhu Khanna.

Was EXTR Director Khanna's stock sale planned in advance?

Yes, the transactions were executed pursuant to a Rule 10b5-1 trading plan that Director Khanna established on March 3, 2025, as indicated in footnote 1 of the Form 4 filing.