Jankovic Walter 4

What Happened

• Walter Jankovic, Chief Financial Officer of Harmonic Inc. (HLIT), converted (exercised/vested) a total of 45,273 restricted stock units (RSUs) into common shares on Feb 15, 2026. To cover tax withholding, 16,456 of those shares were surrendered at an implied value of $10.68 per share, totaling $175,750. Additional derivative line items show other RSU conversions/dispositions (3,217; 8,071; 33,985 shares) reported with $0 proceeds in the filing.

Key Details

• Transaction date: 2026-02-15; Form 4 filed 2026-02-17 (timely filing).
• Primary activity: conversion/exercise of RSUs (transaction code M) and tax withholding via share surrender (transaction code F).
• Shares converted/issued: 45,273; Shares withheld/surrendered for taxes: 16,456 at $10.68/share (≈ $175,750).
• Other derivative items reported as dispositions: 3,217; 8,071; 33,985 shares with $0 proceeds (likely part of the same RSU conversion reporting).
• Footnote: F1 — each restricted stock unit represents a contingent right to receive one HLIT share.
• Shares owned after the transaction are not specified in the provided excerpt.

Context

• This was not an open-market sale; the 16,456-share disposition was a tax withholding/net-share settlement to satisfy tax obligations from RSU conversion—common and routine for equity compensation. No cash purchases or voluntary market sales by the insider are indicated in this filing.