Ben-Natan Nimrod 4

What Happened

• Ben‑Natan Nimrod, President, CEO and Director of Harmonic Inc. (HLIT), converted 90,413 restricted stock units (RSUs) into 90,413 shares on February 15, 2026. The Form 4 shows an acquisition of 90,413 shares at $0.00 and three dispositions totaling 90,413 shares (5,804; 6,726; 77,883), each reported at $0.00. The net result reported in the filing is that the converted shares were fully disposed of in the same reporting event.

Key Details

• Transaction date: 2026-02-15; Form 4 filed: 2026-02-17 (filed timely).
• Reported transactions:
  • Acquired 90,413 shares via conversion of derivative (code M) at $0.00 (F1: each RSU = 1 share).
  • Disposed 5,804 shares (code M) at $0.00.
  • Disposed 6,726 shares (code M) at $0.00.
  • Disposed 77,883 shares (code M) at $0.00.
• Total acquired = 90,413; total disposed = 90,413 (disposals equal the shares converted).
• Shares owned after the transaction: not disclosed in this Form 4.
• Footnote: F1 — each restricted stock unit represents a contingent right to receive one HLIT common share.
• Transaction code M indicates conversion/exercise of a derivative; the $0.00 price is consistent with RSU conversion (no cash exercise price reported).

Context

• This filing reports conversion of RSUs into shares followed by dispositions that together equal the converted amount. Such matching acquisition and disposition entries commonly reflect vesting and related withholdings or share transfers rather than an open‑market buy or sale, but the Form 4 itself does not state the specific reason for the disposals.
• For retail investors: conversions of RSUs are routine compensation events for insiders. Because the filing shows no net increase in insider shareholdings, it does not signal an additional personal cash purchase or sale position beyond the equity award activity reported.