Raj Khanna - Oct 30, 2024 Form 4 Insider Report for EXTREME NETWORKS INC (EXTR)

Role
Director
Signature
/s/ Katayoun ("Katy") Motiey, Power of Attorney for Raj Khanna
Stock symbol
EXTR
Transactions as of
Oct 30, 2024
Transactions value $
-$165,252
Form type
4
Date filed
11/1/2024, 05:32 PM
Previous filing
Nov 9, 2023
Next filing
Nov 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTR Common Stock Sale -$165K -10K -4.19% $16.53 229K Oct 30, 2024 by Trust F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Adoption date of referenced 10b5-1(c) plan is: 02-23-2024
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.50 to $16.585 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.