Khanna Raj 4
4 · EXTREME NETWORKS INC · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
Extreme Networks Director Raj Khanna Sells 10,000 Shares
What Happened
Raj Khanna, a director of Extreme Networks, sold 10,000 shares on May 5, 2026. The filing reports proceeds of $232,002 with a reported weighted average price of $23.20 per share; the sales occurred in multiple trades at prices ranging $23.20–$23.21. The sale was executed pursuant to a pre-established 10b5-1 plan.
Key Details
- Transaction date: 2026-05-05; Form 4 filed 2026-05-06 (timely filing).
- Transaction type: Sale (S) — open market or private sale.
- Shares sold: 10,000.
- Price: Reported weighted average $23.20; actual trade prices ranged $23.20–$23.21.
- Proceeds: $232,002 (as reported).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Relevant footnotes:
- F1: Sale pursuant to a 10b5-1 plan dated 09/02/2025.
- F2: Weighted-average price; multiple trade prices within $23.20–$23.21.
- F3: Shares are held in The Khanna 2002 Revocable Trust (Raj and Madhu Khanna, Trustees).
Context
The filing indicates this was a planned sale under a 10b5-1 trading plan (a prearranged schedule for transactions). Sales by insiders can reflect routine liquidity or pre-set plans; this report does not state a change in role or control.
Insider Transaction Report
Form 4
Khanna Raj
Director
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-05-05$23.20/sh−10,000$232,002→ 210,062 total(indirect: By Trust)
Footnotes (3)
- [F1]Transaction pursuant to the Reporting Person's 10b5-1 Plan dated 09/02/2025.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.20 to $23.21 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.
- [F3]Shares are held in The Khanna 2002 Revocable Trust. Raj Khanna and Madhu Khanna, Trustees.
Signature
/s/ Daniel Ricks, Power of Attorney for Raj Khanna|2026-05-06