KENNEDY EDWARD H 4
4 · EXTREME NETWORKS INC · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
Extreme Networks (EXTR) Director Edward H. Kennedy Sells Shares
What Happened
Edward H. Kennedy, a director of Extreme Networks, reported an open-market sale of 50,000 shares on May 4, 2026. The disclosed weighted-average price was $22.86 per share, for total proceeds of approximately $1,142,925. This was a sale (S) — not a purchase or option exercise.
Key Details
- Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (timely — filed two business days after the trade).
- Reported weighted-average price: $22.86; shares sold in multiple transactions at prices ranging $22.80 to $23.115 (footnote clarifies the range).
- Total shares sold: 50,000; reported proceeds: $1,142,925.
- Shares held in: the Edward and Maureen Kennedy Living Trust (per footnote).
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Footnote detail: the weighted-average price reflects multiple sale prices; Kennedy can provide a per-price breakdown on request.
Context
This report documents an insider sale. Sales by directors can be routine (diversification, liquidity, estate planning, etc.) and the Form 4 does not state the reason, so no inference about company prospects should be drawn from this single filing. Purchases are generally more informative of insider sentiment than routine sales; here, the filing is purely a disclosure of the completed sale.
Insider Transaction Report
- Sale
Common Stock
[F2][F1]2026-05-04$22.86/sh−50,000$1,142,925→ 576,045 total(indirect: By Trust)
Footnotes (2)
- [F1]Shares are held in the Edward and Maureen Kennedy Living Trust.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.80 to $23.115 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.