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Insider Cluster (3 insiders) ·Filed May 1, 2026

EXTR

EXTREME NETWORKS INC
NEUTRAL
Impact 2/10
Horizondays Processed5mo ago
Insider cluster: 3 insiders, $2.4M total
Actionable Insight • Neutral

The insider selling volume is too small to signal material concern, especially given the strong earnings report. Monitor for any acceleration in selling volume or C-suite departures over the next month.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
EXTR ▲ +34.54% at T+60d
NEUTRAL call +34.54% · α vs SPY +31.48% · entry $22.29 → $29.99
Entry = T+0 close
Apr 30, 2026
via day close
T+1d
+2.47%
call +2.47% · α +2.81%
$22.84
settled 6mo ago
T+5d
+5.52%
call +5.52% · α +3.17%
$23.52
settled 6mo ago
T+20d
+26.20%
call +26.20% · α +20.92%
$28.13
settled 5mo ago
T+60d
+34.54%
call +34.54% · α +31.48%
$29.99
settled 3mo ago

Price Chart

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Executive Summary

Three EXTR insiders (CEO, two directors) sold a total of ~$2.46M in open-market shares over the past week, a trivial 0.08% of the $3.1B market cap. The sales follow a bullish Q3 earnings beat and raised guidance, but the dollar amount is immaterial and likely routine portfolio diversification.

Key Financial Metrics

Direction
selling
Total Value
$2.5M
Insiders
3

Key Facts

  • CEO Edward Meyercord sold 50,000 shares at $22.08 for $1.10M (2026-05-01)
  • Director Edward Kennedy sold 50,000 shares at $22.86 for $1.14M (2026-05-04)
  • Director Raj Khanna sold 10,000 shares total at $22.20 for $222K (2026-04-30 and 2026-05-01)
  • Total open-market sales: ~$2.46M, or 0.08% of market cap
  • Meyercord also exercised stock options (non-cash transactions) for 100,000 shares, with 50,000 immediately sold

Financial Impact

Total insider sales of $2.46M represent a trivial 0.08% of EXTR's $3.1B market cap

Risk Factors

  • Insider sales could increase if management is concerned about valuation or growth sustainability
  • The stock has rallied post-earnings, creating a natural window for planned sales

Market Snapshot

Exchange
Nasdaq
Sector
Computer Communications Equipment
Analyst Consensus
86% bullish (14 analysts)

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-EXTR-1778105306247
14 reports for EXTR
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for EXTR — sortable, filterable
TypeNow
Sep 18, 2026
5w ago
DEFA14A
NEUTRAL ★ 2/10
$22.73 $21.91▼ −3.61%▼ −2.70%$22.70 (−0.13%)
Aug 26, 2026
8w ago
8-K
NEUTRAL ★ 4/10
$23.23 $21.64▼ −6.84%▼ −6.34%$22.70 (−2.28%)
Aug 11, 2026
10w ago
Insider Cluster
NEUTRAL ★ 3/10
$24.42 $21.18▼ −13.27%▼ −11.37%$22.70 (−7.04%)
Aug 5, 2026
11w ago
8-K
BULLISH ★ 6/10
$26.19 $22.01▼ −15.96%▼ −15.36%$22.70 (−13.33%)
Jul 30, 2026
12w ago
8-K
NEUTRAL ★ 5/10
$29.84 $23.23▼ −22.15%▼ −26.12%$22.70 (−23.93%)
Jun 12, 2026
19w ago
Insider Cluster
NEUTRAL ★ 2/10
$31.67 $32.91▲ +3.92%▲ +4.67%$22.70 (−28.32%)
Jun 8, 2026
20w ago
Insider Cluster
NEUTRAL ★ 4/10
$28.73 $30.02▲ +4.49%▲ +3.04%$22.70 (−20.99%)
Jun 2, 2026
20w ago
Insider Cluster
NEUTRAL ★ 3/10
$28.79 $29.80▲ +3.51%▲ +4.51%$22.70 (−21.15%)
May 28, 2026
21w ago
Insider Cluster
NEUTRAL ★ 3/10
$26.51 $31.98▲ +20.63%▲ +22.43%$22.70 (−14.37%)
May 28, 2026
21w ago
Insider Cluster
NEUTRAL ★ 3/10
$26.51 $31.98▲ +20.63%▲ +22.43%$22.70 (−14.37%)
Showing 10 of 14

US Market Status

Market Closed — Opens Wed (10h 11m)

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Report published May 6, 2026