On EX4400, BFD session flap could be seen without specific trigger, but you may observe it along with SMBUS related logs.There are some PRs that fixed this issue, and would share the information on this KB.
On EX4400, BFD flap might be seen due to 'Detect Timer Expiry'. If there are multiple BFD sessions, those sessions will also be affected at the same time.Here is the sample logs.
Aug 30 21:16:17 Switch bfdd[9122]: %DAEMON-4-BFDD_STATE_UP_TO_DOWN: BFD Session 192.168.1.1 (IFL 543) state Up -> Down LD/RD(20/16) Up time:4d 20:51 Local diag: CtlExpire Remote diag: None Reason: Detect Timer Expiry. Aug 30 21:16:17 Switch bfdd[9122]: %DAEMON-4-BFDD_TRAP_SHOP_STATE_DOWN: local discriminator: 20, new state: down, interface: irb.99, peer addr: 192.168.1.1 Aug 30 21:16:17 Switch rpd[9104]: %DAEMON-5-RPD_OSPF_NBRDOWN: OSPF neighbor 192.168.1.1 (realm ospf-v2 irb.99 area 0.0.0.0) state changed from Full to Down due to InActiveTimer (event reason: BFD session timed out and neighbor was declared dead) ~snip~ Aug 30 21:16:23 Switch bfdd[9122]: %DAEMON-5-BFDD_TRAP_SHOP_STATE_UP: local discriminator: 20, new state: up, interface: irb.99, peer addr: 192.168.1.1
%PFE-6: fpc0 PFE_SMBUS_UKERN_SLEEP: tvp_smbus_sleep: Ukern thread sleep for 1seconds
%USER-6: smb_transfer: SMBUS ioctl took 5001(ms) to execute slave:0xe6! %USER-3: smb_transfer: SMBus ioctl failed, retry:1 slave:0xe6 %USER-6: i2c_flock: SMBUS flock took 4946(ms) to execute slave:0x0