Haltmayer Neven 4

What Happened

• Neven Haltmayer, SVP & GM, Video Business at Harmonic (HLIT), had restricted stock units (derivative awards) convert on Feb 15, 2026. The filing shows 32,991 shares acquired on conversion (derivative exercise/ conversion). On the same date 18,144 shares were disposed to satisfy tax withholding at $10.68 per share, totaling $193,778. The filing also lists three derivative conversion/disposition line items of 5,049, 5,852 and 22,090 shares (all at $0.00), which together equal the 32,991 shares converted.
• This was a settlement/conversion of awards with shares withheld for taxes (routine tax withholding/cashless settlement), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-15 (Form 4 filed 2026-02-17).
• Converted/acquired: 32,991 shares (code M — exercise/conversion of derivative) at $0.00 reported price.
• Tax withholding/disposing: 18,144 shares disposed (code F) at $10.68 per share = $193,778.
• Additional derivative disposition lines: 5,049; 5,852; 22,090 shares (all code M, $0.00) — these sum to 32,991.
• Footnote: Each restricted stock unit (RSU) represents a contingent right to one share of HLIT common stock.
• Shares owned after the transaction: not specified in the provided data.
• Timeliness: Filing appears timely (transaction reported for period ending 2026-02-15; Form 4 filed 2026-02-17).

Context

• This appears to be a routine RSU vesting/settlement with shares withheld to cover tax obligations (a common cashless withholding method), rather than an open-market sale that would represent a deliberate liquidity event. Derivative code M indicates conversion/exercise of awards; code F indicates shares surrendered/withheld to pay tax liability. Such withholdings are standard and should not be read as a directional buy/sell signal.