Form 4: Extreme Networks Director Raj Khanna Reports Stock Transactions
SEC Form 4 Filing
Director Raj Khanna reports the vesting and disposal of restricted stock units (RSUs) and resulting ownership of Extreme Networks common stock.
Summary
- On November 8, 2024, Raj Khanna, a director of Extreme Networks Inc., reported a transaction involving the vesting of 12,975 Restricted Stock Units (RSUs) which converted into common stock.
- The vested shares were then disposed of.
- Following the reported transaction, Khanna beneficially owns 241,708 shares of Extreme Networks common stock indirectly through a trust.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting stock transactions. It doesn't inherently indicate positive or negative sentiment about the company.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in publicly traded companies. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disclosure of insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 11/08/2024 | Date of RSU vesting and disposal of shares. |
| 11/12/2024 | Date of signature on the Form 4 filing. |
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