Extreme Networks director Raj Khanna sells $363,001 in stock

Raj Khanna, a director at Extreme Networks Inc., offloaded 15,000 shares of the company's common stock on August 10, 2026. The sale took place at prices fluctuating between $24.2000 and $24.2050 per share, amounting to a total of $363,001. As of the latest data, the stock price stands at $24.41, having surged by 69% over the past six months.

This transaction was in accordance with a pre-established 10b5-1 trading plan, which was initiated on September 2, 2025. Post this sale, Khanna's indirect ownership of Extreme Networks common stock has been reduced to 195,062 shares, held in trust by The Khanna 2002 Revocable Trust, where he and his wife, Madhu Khanna, act as trustees.

The Securities and Exchange Commission was notified of these transactions through a Form 4 filing on August 11, 2026. Extreme Networks recently reported its fiscal fourth-quarter earnings, which exceeded market expectations with adjusted earnings per share of $0.32 and revenue of $338.6 million. Despite this positive performance, the stock price dipped as investors weighed a more subdued growth outlook for the coming year.

The company's full-year revenue increased by 13% to $1.28 billion and adjusted earnings per share rose by 26% to $1.06. Extreme Networks' AI-driven networking platform, Platform One, contributed nearly half of the subscription bookings in Q4. The firm also reported robust operating momentum, with nine consecutive quarters of sequential product revenue growth.

Analysts and investors are closely monitoring Extreme Networks' growth trajectory. This report was produced using artificial intelligence and reviewed by a human editor.