EXTR insider sale: Director disposes 25,000 shares; trust still holds 612,691

Rhea-AI Filing Summary

Director Edward H. Kennedy reported a sale of 25,000 shares of Extreme Networks common stock on 08/11/2025 at a weighted average price of $20.0107. The filing discloses the sale occurred in multiple transactions at prices ranging from $19.835 to $20.105.

Following the reported transaction, the reporting person is shown as beneficially owning 612,691 shares indirectly, held in The Edward and Maureen Kennedy Living Trust. The Form 4 was submitted under power of attorney.

Positive

• Disclosure compliance: The Form 4 reports the transaction with price range and weighted average, including explanatory footnotes.
• Continued substantial ownership: Reporting person beneficially owns 612,691 shares indirectly via a family trust, indicating ongoing alignment with shareholders.

Negative

• Insider sale: Director disposed of 25,000 shares, which reduces the reporting person's direct stake.
• Multiple transactions: Sale occurred across several trades; while fully disclosed, it may complicate precise trade-level analysis without additional breakdown.

Insights

Financial Analyst

TL;DR: A routine insider sale of 25,000 shares at roughly $20 per share; beneficial ownership remains substantial at 612,691 shares.

The reported transaction is a straightforward disposal by a director, executed across multiple trades with a weighted average price of $20.0107 and a disclosed trade range of $19.835 to $20.105. From an investor-impact perspective this appears routine rather than company-changing: the director continues to hold a sizeable indirect stake of 612,691 shares via a family trust, which suggests ongoing alignment with shareholders. No options or derivative activity was reported.

Corporate Governance Expert

TL;DR: Compliance with Section 16 reporting is met; the sale was executed via POA and substantial indirect ownership remains.

The Form 4 discloses the director's disposal of 25,000 shares and includes a footnote clarifying multiple transaction prices and the trust holding. The use of a power of attorney for filing is noted, which is an accepted practice. There are no disclosures of new grants, derivative transactions, or shifts in control. Governance implications are limited because the director retains significant indirect holdings and the transaction was fully documented in the filing.

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^*

KENNEDY EDWARD H

(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)
08/11/2025

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	08/11/2025		S		25,000	D	$20.0107(1)	612,691	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.835 to $20.105 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.

2. Shares are held in The Edward and Maureen Kennedy Living Trust.

	/s/ Katayoun ("Katy") Motiey, Power of Attorney for Edward H. Kennedy	08/12/2025
	** 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 Edward H. Kennedy report on the Form 4 for EXTR?

The Form 4 reports a sale of 25,000 shares of Extreme Networks (EXTR) common stock.

When was the transaction executed and at what price for EXTR insider trade?

The transaction date listed is 08/11/2025; the weighted average sale price was $20.0107 and individual trade prices ranged from $19.835 to $20.105.

How many EXTR shares does the reporting person beneficially own after the sale?

Following the reported transaction, the reporting person beneficially owns 612,691 shares indirectly, held in The Edward and Maureen Kennedy Living Trust.

Was the Form 4 filed directly by the reporting person?

The filing was submitted under a power of attorney by Katayoun ('Katy') Motiey on behalf of Edward H. Kennedy.

Does the Form 4 show any derivative or option activity for EXTR?

No. Table II for derivative securities contains no entries; only a non-derivative common stock sale is reported.