Director Raj Khanna filed a Form 4 with the SEC on August 11, 2026, reporting the sale of 15,000 shares of Extreme Networks Inc common stock on August 10, 2026, executed under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Shares sold: 15,000 shares of Extreme Networks Inc common stock disposed of on August 10, 2026.
  • Weighted average price: $24.2001 per share, with individual transactions ranging from $24.2000 to $24.2050 per share.
  • Remaining ownership: 195,062 shares beneficially owned following the transaction, held indirectly through The Khanna 2002 Revocable Trust.
  • Trading plan: The sale was made pursuant to a 10b5-1 plan dated September 2, 2025.
  • Reporting person's role: Raj Khanna is identified as a Director of the issuer.

Raj Khanna's Share Sale at Extreme Networks Under 10b5-1 Plan

According to the filing, Raj Khanna, a Director of Extreme Networks Inc (NASDAQ:EXTR), disposed of 15,000 shares of common stock on August 10, 2026. The transaction was coded "S," indicating a sale, and was carried out under a 10b5-1 plan that Khanna had established on September 2, 2025. The filing notes the form was signed by Daniel Ricks as Power of Attorney for Raj Khanna and was filed on August 11, 2026.

The filing reports a weighted average sale price of $24.2001 per share. According to footnote 2, the shares were sold in multiple transactions at prices ranging from $24.2000 to $24.2050 per share. The filing states that Khanna "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."

Following the reported transaction, the filing discloses that Khanna beneficially owns 195,062 shares indirectly through The Khanna 2002 Revocable Trust, with Raj Khanna and Madhu Khanna named as trustees. No directly held shares or derivative securities were reported in this filing.

What Was Disclosed

The filing reports a single sale of 15,000 Extreme Networks common shares by Director Raj Khanna on August 10, 2026, at a weighted average price of $24.2001, executed under a pre-arranged 10b5-1 plan, leaving 195,062 shares held via trust.