RHODES KEVIN R 4
Research Summary
AI-generated summary
Extreme Networks (EXTR) CFO Kevin Rhodes Sells 35,000 Shares
What Happened
Kevin R. Rhodes, Chief Financial Officer of Extreme Networks, sold 35,000 shares in an open-market transaction on June 11, 2026. The reported weighted-average sale price was $30.43 per share, for total proceeds of approximately $1,065,054. The shares were sold in multiple trades at prices ranging from $30.33 to $30.55 per share.
Key Details
- Transaction date: 2026-06-11 (reported on Form 4 filed 2026-06-12)
- Transaction type: Sale (open-market) — 35,000 shares
- Reported weighted-average price: $30.43; reported price range: $30.33–$30.55 (per footnote)
- Gross proceeds: ~$1,065,054
- Shares owned after transaction: Not specified in the details provided here — see the full Form 4 for post-transaction holdings
- Footnote: F1 states the reported price is a weighted average and the seller can provide a breakdown of shares sold at each price within the stated range upon request
- Filing timeliness: Filed the next day (appears timely based on the dates provided); no late-filing flag indicated
Context
This was an outright open-market sale (no options exercise or gift noted). Sales by executives can be routine liquidity events and are not, by themselves, evidence of company-specific problems; investors should consider this trade alongside other insider transactions, company fundamentals, and news. For complete holdings and any additional disclosures (e.g., 10b5-1 plans or tax withholding), review the full Form 4 filing.