Khanna Raj 4

What Happened
Raj Khanna, a director of Extreme Networks, sold a total of 10,000 shares in two open-market transactions: 3,204 shares on 2026-04-30 for $22.20 each ($71,129) and 6,796 shares on 2026-05-01 for $22.20 each ($150,871), for combined proceeds of approximately $222,000. These were sales (dispositions), not purchases.

Key Details

• Transaction dates and prices: 2026-04-30 — 3,204 shares @ $22.20; 2026-05-01 — 6,796 shares @ $22.20.
• Total shares sold: 10,000; total proceeds: ~$222,000.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: Sale executed pursuant to a 10b5-1 plan dated 09/02/2025; shares are held in The Khanna 2002 Revocable Trust (Raj Khanna and Madhu Khanna, Trustees).
• Timeliness: Form 4 was filed 2026-05-04; this appears to be within the standard two-business-day SEC reporting window.

Context
A sale under a pre-established 10b5-1 plan is typically a prearranged transaction and does not necessarily reflect a change in the insider’s view of the company. Sales by directors can be routine for diversification, tax or estate planning, or liquidity needs; purchases usually carry more signal about insider conviction.