Form 4: Extreme Networks Director Raj Khanna Boosts Stake
Insider Transaction Report
Extreme Networks Director Raj Khanna acquired common stock and received a new RSU grant, increasing his indirect beneficial ownership.
Summary
- Raj Khanna, a Director at Extreme Networks Inc. (EXTR), reported transactions involving the company's securities.
- On November 12, 2025, Khanna acquired 13,354 shares of Common Stock through the conversion of Restricted Stock Units (RSUs) at a price of $0.
- Following this transaction, Khanna beneficially owns 230,062 shares of Common Stock indirectly through The Khanna 2002 Revocable Trust.
- Also on November 12, 2025, Khanna was granted 11,767 Restricted Stock Units (RSUs) at a price of $0.
- These newly granted RSUs are scheduled to vest on the earlier of November 12, 2026, or the next annual meeting of shareholders, provided the vesting period is not less than 50 weeks after the grant date.
- The RSU grants were made pursuant to the Extreme Networks, Inc. 2013 Equity Incentive Plan.
Sentiment
Score: 7
Explanation: The filing indicates a director's increased beneficial ownership and a new equity grant, which generally signals confidence in the company's future performance and aligns management incentives with shareholder interests.
Positives
- A Director increasing their beneficial ownership of common stock can signal confidence in the company's future prospects.
- The grant of new Restricted Stock Units aligns the Director's interests with long-term shareholder value creation.
Related Party Transactions
- Shares are held indirectly in The Khanna 2002 Revocable Trust, where Raj Khanna and Madhu Khanna serve as Trustees.
Stakeholder Impact
- Shareholders may view the director's increased stake as a positive indicator of management's belief in the company's value.
- The equity incentive plan encourages long-term commitment from key personnel.
Next Steps
- Vesting of the 11,767 Restricted Stock Units on or before November 12, 2026.
Key Dates
| Date | Description |
|---|---|
| 11/12/2025 | Date of earliest transaction, including acquisition of common stock from RSU conversion and grant of new RSUs. |
| 11/13/2025 | Signature date of the reporting person's Power of Attorney. |
| 11/12/2026 | Vesting date for the newly granted Restricted Stock Units (or earlier, based on the next annual meeting). |
Keywords
Extreme Networks, EXTR, Raj Khanna, Insider Trading, Form 4, Director, Common Stock, Restricted Stock Units, Equity Incentive Plan
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