$EXTR

Khanna Raj sold $363K of EXTR (indirect holdings)

Khanna Raj sold 15,000 indirectly-held shares of EXTREME NETWORKS INC (EXTR) at $24.20 ($0.36M total) on 2026-08-10 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Khanna Raj
Published Aug 11, 2026, 8:11 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 11, 2026, 8:16 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
alphai market briefInsider activity
Primary signal
$EXTR
Neutral
high confidence
Mentioned
$EXTR
Relevance
3/10
alphai data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$EXTRNeutralLow
01

Why it matters

Traders may briefly reassess sentiment around insider behavior, but the disclosure lacks any new company-specific catalyst.

02

Market read

A director’s scheduled 10b5-1 sale is disclosed; absent other news, it is unlikely to drive a durable repricing.

03

What to watch

The article does not state whether other insiders sold/bought around the same time, nor does it provide context on total holdings changes beyond the post-transaction share count.

Relevance 3/10Novelty 3/10Timing: filed 2026-08-11 after the 2026-08-10 sale

Background

The article is a SEC Form 4 insider transaction filing for Extreme Networks, reported as an indirect open-market sale by a director under a Rule 10b5-1 plan.

Company-level read

Ticker impact

$EXTRNeutralHigh confidence
Context

Khanna Raj, a director of Extreme Networks, filed a Form 4 showing an indirect open-market sale of 15,000 shares at $24.2001 on 2026-08-10 under a 10b5-1 plan.

Expected impact

Likely limited near-term impact; any effect would be sentiment-driven and typically fades unless paired with unusual volume or additional disclosures.

Evidence & confidence

The filing specifies a pre-arranged Rule 10b5-1 plan and an open-market sale, with no new company fundamentals, guidance, or regulatory/legal developments included.

Market effects

No sector-level implications are disclosed; this is an issuer-specific insider transaction.

None indicated.

None indicated.

Counterpoint

Because the sale is explicitly under a pre-arranged 10b5-1 plan, it may reflect scheduled liquidity needs rather than bearish expectations.

Key entities

  • Extreme Networks, Inc.

    Subject of the Form 4 insider transaction disclosure (EXTR).

  • Khanna Raj

    Director who reported an indirect open-market sale of 15,000 shares under a 10b5-1 plan.

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

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