KENNEDY EDWARD H 4

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.