Extreme Networks filings document the public-company disclosures of a Delaware networking-technology issuer traded on Nasdaq under EXTR. Recent Form 8-K reports furnish quarterly and fiscal-year financial results under Item 2.02, Reg FD guidance updates, and related operating commentary for its AI-powered cloud networking and network infrastructure business.
The company’s proxy and annual-meeting filings cover board elections, advisory executive compensation votes, auditor ratification, equity incentive plan amendments, non-employee director compensation and indemnification arrangements. These records also document governance actions such as director appointments, stockholder voting results, executive pay disclosures and share-reserve approvals tied to the company’s equity compensation framework.
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.
A Form 144 has been filed for Extreme Networks indicating a proposed sale of 25,000 shares of common stock with an aggregate market value of $430,000. The sale is planned to be executed through The Charles Schwab Corporation on the NASDAQ exchange, with an approximate sale date of June 23, 2025.
The securities to be sold were originally acquired on December 1, 2016, through vested RSUs from the issuer. The current total shares outstanding for the company is 133,167,692.
Key details:
- Share Price Implied: ~$17.20 per share ($430,000/25,000 shares)
- Sale represents approximately 0.019% of total shares outstanding
- No other securities were reported as sold by the filer during the past 3 months
- Transaction is being executed under SEC Rule 144, which governs the sale of restricted or control securities