Chu Timothy C 4

What Happened

• Timothy C. Chu, General Counsel & SVP, HR of Harmonic Inc. (HLIT), converted/settled 26,570 restricted stock units (RSUs) into common shares on February 15, 2026. The filing shows 26,570 shares acquired at $0.00. To satisfy tax withholding, 9,925 shares were surrendered/withheld at an implied value of $10.68 per share, totaling $105,999. The filing also lists derivative-related dispositions of 5,223, 6,054 and 15,293 shares (totaling 26,570), which reflect the RSU settlement entries.

Key Details

• Transaction date: 2026-02-15; SEC filing date: 2026-02-17 (timely).
• Acquired: 26,570 shares via conversion/settlement of RSUs (code M) at $0.00.
• Tax withholding: 9,925 shares surrendered (code F) at $10.68/share = $105,999.
• Additional derivative disposals: 5,223; 6,054; and 15,293 shares (each reported at $0.00) — these entries correspond to the RSU settlement.
• Shares owned after transaction: not specified in this Form 4.
• Footnote: F1 — each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
• Transaction codes: M = exercise/conversion of a derivative (RSU settlement); F = payment of tax liability (share withholding).

Context

• This appears to be a routine RSU vesting/settlement with shares withheld to cover tax obligations (a common cashless-withholding treatment), not an open-market sale or purchase. Such withholding is administrative and does not necessarily indicate insider buying or selling intent.