Extreme Networks reports that Vanguard Capital Management beneficially owns 6,792,089 shares of Common Stock, representing 5.05% of the class. The filing states Vanguard has sole dispositive power over 6,792,089 shares and sole voting power over 1,010,196 shares. Ownership is reported on behalf of Vanguard-affiliated investment accounts.
Extreme Networks reported fiscal Q3 2026 revenue of $316.9 million, up 11% year-over-year, with eight consecutive quarters of sequential product revenue growth. SaaS annual recurring revenue reached $236.4 million, rising 28.6% year-over-year as customers adopted Extreme Platform ONE and other subscription offerings.
GAAP diluted EPS improved to $0.08 from $0.03 a year ago, while non-GAAP diluted EPS was $0.26, up from $0.21. GAAP gross margin held at 61.7% and non-GAAP gross margin at 62.3%. The company ended Q3 with $210.1 million in cash and net cash of $11.3 million, after repurchasing $50 million of shares. For Q4 2026, Extreme targets revenue of $330–$335 million and non-GAAP EPS of $0.28–$0.30, and for full fiscal 2026 it targets revenue of $1.275–$1.280 billion and non-GAAP EPS of $1.02–$1.04.
Extreme Networks president and CEO Edward Meyercord exercised options to acquire 50,000 shares of common stock at $6.70 per share, then sold 50,000 shares at a weighted average price of $15.3037 per share. These transactions were executed on April 1, 2026 under a pre-arranged Rule 10b5-1(c) trading plan adopted on August 28, 2025. Following the transactions, Meyercord directly holds 1,897,270 shares of Extreme Networks common stock.
Extreme Networks Inc ownership disclosure: The Vanguard Group amended its Schedule 13G to report zero shares beneficially owned of Extreme Networks common stock as of the amendment. The filing explains an internal realignment that disaggregated certain Vanguard subsidiaries, which now report ownership separately in reliance on SEC Release No. 34-39538.
Extreme Networks Inc disclosure: Vanguard Portfolio Management LLC reports beneficial ownership of 13,439,836 shares of common stock, representing 10% of the class as of 02/27/2026.
The filing shows shared voting power of 117,067 shares and shared dispositive power of 13,439,836 shares. The filing notes an internal realignment effective 01/12/2026 under which Vanguard Portfolio Management LLC and certain affiliates report holdings on a disaggregated basis and exercise dispositive power for Vanguard funds and managed accounts.
EXTREME NETWORKS INC President and CEO Edward Meyercord exercised a non-qualified stock option for 50,000 shares on March 2, 2026, converting it into common stock at $6.70 per share. He then sold 50,000 common shares at a weighted average price of $13.9441 per share under a pre-established Rule 10b5-1(c) trading plan adopted on August 28, 2025, and reported owning 1,897,270 common shares directly after these transactions.
EXTREME NETWORKS INC executive vice president and chief financial officer Kevin R. Rhodes reported equity award activity involving restricted stock units and common stock. He exercised 11,860 restricted stock units, converting them into 11,860 shares of common stock at a stated price of $0.0000 per share.
In connection with this release, 5,260 common shares were disposed of at $13.9800 per share to cover applicable income and payroll withholding taxes, according to the footnote. After these transactions, he directly held 158,132 shares of common stock. The time-based RSU award vests over time, with one-third vesting on the first anniversary of the original grant date and one-twelfth vesting each quarter thereafter.
EXTR filed a Rule 144 notice to sell 150,000 common shares. The filing lists a proposed aggregate amount of $2,097,000.00 and reports 134,269,540 shares outstanding as of 03/02/2026. The transaction is slated through Morgan Stanley Smith Barney LLC on 03/02/2026 and described as an exercise of stock options settled for cash.
The filing also discloses prior 10b5-1 sales by Edward Meyercord of 50,000 shares on 02/02/2026 (aggregate $745,340) and 50,000 shares on 01/02/2026 (aggregate $827,000).
MOTIEY KATAYOUN reported multiple insider transaction types in a Form 4 filing for EXTR. The filing lists transactions totaling 20,093 shares at a weighted average price of $14.46 per share. Following the reported transactions, holdings were 5,210 shares.
RHODES KEVIN R reported multiple insider transaction types in a Form 4 filing for EXTR. The filing lists transactions totaling 23,993 shares at a weighted average price of $14.46 per share. Following the reported transactions, holdings were 58,912 shares.