Director Raj Khanna filed a Form 4 with the SEC on November 6, 2026, disclosing the acquisition of 11,767 shares of Extreme Networks common stock through the vesting of restricted stock units on November 4, 2026.

Key Highlights

  • Transaction date: November 4, 2026, with 11,767 shares of common stock acquired via transaction code M (exercise/conversion of derivative security).
  • Price paid: $0, as reported in the filing for both the RSU conversion and the underlying common stock.
  • RSU grant: 11,767 restricted stock units were granted under the Extreme Networks, Inc. 2013 Equity Incentive Plan and converted on the same date.
  • Post-transaction ownership: Khanna beneficially owns 206,829 shares of common stock indirectly, held through The Khanna 2002 Revocable Trust.
  • Vesting terms: The RSUs vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, provided the vesting period is not less than 50 weeks after grant.
  • Issuer: Extreme Networks Inc, listed as NASDAQ:EXTR.

Khanna RSU Conversion Details and Ownership Structure at Extreme Networks

According to the filing, Raj Khanna, a director of Extreme Networks Inc (NASDAQ:EXTR), reported the acquisition of 11,767 shares of common stock on November 4, 2026, through the conversion of restricted stock units under transaction code M. The price attributed to both the derivative security and the acquired shares was $0, as stated in the filing. The shares are held indirectly through The Khanna 2002 Revocable Trust, with Raj Khanna and Madhu Khanna listed as trustees.

The filing discloses that the RSUs were granted pursuant to the Extreme Networks, Inc. 2013 Equity Incentive Plan. According to the explanation of responses, the award "vests on the earlier of the one-year anniversary of the date of grant or the next annual meeting of stockholders (provided that such vesting period may not be less than 50 weeks after grant)." Following the reported transaction, the derivative security table shows zero remaining RSUs beneficially owned by Khanna on a direct basis.

After the transaction, the filing reports total indirect beneficial ownership of 206,829 shares of common stock held through the trust. The Form 4 was signed by Daniel Ricks as power of attorney for Raj Khanna and filed on November 6, 2026.

What Was Disclosed

Raj Khanna, a director at Extreme Networks Inc, disclosed the conversion of 11,767 restricted stock units into common stock on November 4, 2026, at $0 per share, resulting in indirect beneficial ownership of 206,829 shares held through a revocable trust.