Khanna Raj 4

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.