Extreme Networks EVP Rhodes Sells 19,266 Shares at $21.52-$21.38/Share

Extreme Networks Inc. has announced that Kevin R. Rhodes, the company's EVP and Chief Financial Officer, has executed a transaction involving the sale of 14,000 shares at a price per share of $21.52 on August 28, 2025, and an additional 5,266 shares at $21.38 per share on August 30, 2025.

Extreme Networks Inc. (EXTR) has announced that Kevin R. Rhodes, the company's Executive Vice President and Chief Financial Officer, has executed a transaction involving the sale of 14,000 shares at a price per share of $21.52 on August 28, 2025, and an additional 5,266 shares at $21.38 per share on August 30, 2025. These transactions were part of a documented 10b5-1 plan, indicating pre-approval and reduced appearance of opportunistic trading [2].

The 10b5-1 plan is a pre-approved trading plan designed to allow insiders to sell shares without appearing to act on material nonpublic information. The plan helps mitigate the appearance of insider trading and ensures that the sales are conducted in a manner consistent with securities laws [2].

Following the sales, Kevin R. Rhodes received 11,860 shares via the release of restricted stock units (RSUs) on August 30, 2025. However, 5,266 shares were withheld to cover taxes at $21.38 per share. After these transactions, Kevin R. Rhodes beneficially owned 132,796 shares directly [2].

These transactions are routine and align with corporate governance best practices. The use of a 10b5-1 trading plan, along with standard RSU vesting and tax withholding, demonstrates compliance with regulatory requirements. The filing is properly signed by a power of attorney and includes transaction dates and prices [2].

Extreme Networks Inc. has been performing well this year, with a year-to-date return of 27.7%, outperforming the broader Computer and Technology sector, which has returned an average of 12.9% [1]. The company's Zacks Rank of #2 (Buy) reflects positive analyst sentiment and a strong earnings outlook [1].

Investors interested in Extreme Networks Inc. should consider the company's strong performance and the routine nature of the insider trading activity. The transactions do not indicate a material change in the company's fundamentals and align with the company's long-term strategy and corporate governance practices.

References:
[1] https://www.nasdaq.com/articles/are-computer-and-technology-stocks-lagging-extreme-networks-extr-year
[2] https://www.stocktitan.net/sec-filings/EXTR/form-4-extreme-networks-insider-trading-activity-4a319a27f22f.html