EXTR Form 4: CFO Rhodes Sells 14,000 Shares, Acquires 11,860

Kevin R. Rhodes, Executive Vice President and Chief Financial Officer of Extreme Networks (EXTR), reported multiple transactions in the issuer's common stock.

Rhea-AI Filing Summary

Kevin R. Rhodes, Executive Vice President and Chief Financial Officer of Extreme Networks (EXTR), reported multiple transactions in the issuer's common stock. On 08/28/2025 he disposed of 14,000 shares at $21.52 per share pursuant to a 10b5-1 plan. On 08/30/2025 he acquired 11,860 shares via the release of restricted stock units (RSUs) and had 5,266 shares withheld to cover taxes at $21.38 per share. Following these transactions he beneficially owned 132,796 shares (direct). The RSU release reflects awards granted earlier with a vesting schedule noted in the filing.

Positive

• Use of a documented 10b5-1 plan for the sale, indicating pre-approval and reduced appearance of opportunistic trading
• RSU vesting and issuance of 11,860 shares demonstrates ongoing executive equity-based compensation alignment with shareholders
• Proper tax-withholding via share surrender (5,266 shares) to satisfy payroll and income tax obligations

Negative

• Reported sale of 14,000 shares reduced the reporting person’s holdings, which may be viewed negatively by some investors despite being pre-planned
• Net decrease in direct beneficial ownership from activity (transactions resulted in 132,796 shares beneficially owned) compared with prior positions disclosed in the filing

Insights

Financial Analyst

TL;DR: Insider sold shares under a 10b5-1 plan and received vested RSUs; net share count modestly reduced.

The filing shows a rule-compliant sale of 14,000 shares on 08/28/2025 under a documented 10b5-1 plan, at $21.52 per share, followed by an RSU release on 08/30/2025 delivering 11,860 shares. Tax-withholding caused 5,266 shares to be surrendered, leaving reported direct beneficial ownership of 132,796 shares. These are routine insider transactions (pre-arranged sale plan and scheduled RSU vesting) and do not, by themselves, indicate a material change in company fundamentals.

Corporate Governance Expert

TL;DR: Transactions align with governance best practices—pre-approved plan and standard RSU vesting and withholding.

The report documents use of a 10b5-1 trading plan (dated 05/23/2025) and standard withholding of shares to satisfy payroll and income taxes upon RSU release. The filing is properly signed by a power of attorney and includes transaction dates and prices. From a compliance standpoint, disclosures appear complete and timely as presented in the form.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider RHODES KEVIN R

Role EVP Chief Financial Officer

Sold 14,000 shs ($301K)

Approx. gross sale proceeds $301K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	11,860	$0.00	$0.00
Exercise	Common Stock	11,860	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	5,266	$21.38	$113K
Sale	Common Stock	14,000	$21.52	$301K

Holdings After Transaction: Restricted Stock Units — 35,580 contracts (Direct); Common Stock — 132,796 shares (Direct)

Footnotes (3)

1. F1. Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 05/23/2025
2. F2. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.
3. F3. This Time-based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transactions did EXTR CFO Kevin R. Rhodes report on Form 4?

The filing shows a sale of 14,000 shares on 08/28/2025 at $21.52 and the release/acquisition of 11,860 RSU shares on 08/30/2025, with 5,266 shares withheld for taxes.

Was the sale executed under a 10b5-1 trading plan?

Yes. The sale of 14,000 shares on 08/28/2025 was made pursuant to the reporting person’s 10b5-1 plan dated 05/23/2025.

How many shares does Kevin R. Rhodes beneficially own after these transactions?

Following the reported transactions, the filing reports 132,796 shares beneficially owned (direct).

Why were 5,266 shares disposed on 08/30/2025?

The filing states those 5,266 shares were withheld from the released RSU award to pay applicable income and payroll withholding taxes.

Do these transactions indicate any unusual governance issues?

No. The transactions reflect a pre-established 10b5-1 plan and standard RSU vesting and tax withholding; the filing is signed by a power of attorney and includes required details.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/02/2025 - 05:02 PM Learn about SEC filing dates

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^*

RHODES KEVIN R

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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	08/28/2025		S		14,000(1)	D	$21.52	126,202	D
Common Stock	08/30/2025		M		11,860	A	$0	138,062	D
Common Stock	08/30/2025		F		5,266(2)	D	$21.38	132,796	D

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
Restricted Stock Units	$0	08/30/2025		M			11,860	05/30/2024(3)	05/30/2026	Common Stock	11,860	$0	35,580	D

Explanation of Responses:

1. Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 05/23/2025

2. Represents shares withheld from the released share award for the payment of applicable income and payroll withholding taxes due on release.

3. This Time-based RSU award vests from the original grant date as to 1/3 on the one year anniversary and 1/12 each quarter thereafter.

	/s/ Katayoun ("Katy") Motiey, Power of Attorney for Kevin R. Rhodes	09/02/2025
	** 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.