The cluster is dominated by option exercises and tax-withholding surrenders, with open-market sales that are trivial relative to market cap. Per academic literature, cluster sales are not more informative than non-cluster sales, and the pattern aligns with routine post-vesting liquidity. No bearish signal here — monitor next earnings for any fundamental deterioration, but this filing alone does not warrant action.
Price Chart
Executive Summary
Three insiders at Extreme Networks (CFO, CLO, and a director) sold a combined $986K in open-market sales over two days, with the CFO and CLO also exercising options and surrendering shares for tax withholding. The total open-market sales represent ~0.03% of the $3.2B market cap, well below the 0.1% threshold for materiality, and the pattern is consistent with routine post-vesting liquidity and tax planning rather than a coordinated bearish signal.
Key Financial Metrics
Key Facts
- CFO Kevin Rhodes sold 12,410 shares at $25.00 for $310,250 on 2026-05-14
- CLO Katayoun Motiey sold 7,661 shares at $25.00 for $191,525 on 2026-05-14
- Director Kathleen Holmgren sold 19,521 shares at $24.78 for $483,783 on 2026-05-15
- Total open-market sales: $986,000, or ~0.03% of $3.2B market cap
- CFO and CLO also exercised options (non-cash) and surrendered shares for tax withholding on 2026-05-15
- No open-market purchases were made by any insider in the cluster window
Financial Impact
Total insider sales of $986K represent 0.03% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if the stock continues to trade near $25, but current volume is too small to indicate informed selling
- No purchases to offset the sales — a lack of bullish insider conviction, though not actionable at this scale
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-EXTR-1779135697470 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 18, 2026 5w ago | DEFA14A | $22.73 $21.91 | ▼ −3.61% | ▼ −2.70% | $22.70 (−0.13%) |
Aug 26, 2026 8w ago | 8-K | $23.23 $21.64 | ▼ −6.84% | ▼ −6.34% | $22.70 (−2.28%) |
Aug 11, 2026 10w ago | Insider Cluster | $24.42 $21.18 | ▼ −13.27% | ▼ −11.37% | $22.70 (−7.04%) |
Aug 5, 2026 11w ago | 8-K | $26.19 $22.01 | ▼ −15.96% | ▼ −15.36% | $22.70 (−13.33%) |
Jul 30, 2026 12w ago | 8-K | $29.84 $23.23 | ▼ −22.15% | ▼ −26.12% | $22.70 (−23.93%) |
Jun 12, 2026 19w ago | Insider Cluster | $31.67 $32.91 | ▲ +3.92% | ▲ +4.67% | $22.70 (−28.32%) |
Jun 8, 2026 20w ago | Insider Cluster | $28.73 $30.02 | ▲ +4.49% | ▲ +3.04% | $22.70 (−20.99%) |
Jun 2, 2026 20w ago | Insider Cluster | $28.79 $29.80 | ▲ +3.51% | ▲ +4.51% | $22.70 (−21.15%) |
May 28, 2026 21w ago | Insider Cluster | $26.51 $31.98 | ▲ +20.63% | ▲ +22.43% | $22.70 (−14.37%) |
May 28, 2026 21w ago | Insider Cluster | $26.51 $31.98 | ▲ +20.63% | ▲ +22.43% | $22.70 (−14.37%) |
US Market Status
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