Copeland Stephanie 4

What Happened

• Stephanie Copeland, a director of Harmonic Inc. (HLIT), reported the conversion/exercise of a derivative on Feb 15, 2026. The filing shows an acquisition of 16,143 shares at $0.00 (code M: exercise/conversion of derivative) and a corresponding disposition of 16,143 derivative units at $0.00. The transactions have a reported dollar value of $0, consistent with settlement of restricted stock units rather than an open‑market purchase or cash sale.

Key Details

• Transaction date: 2026-02-15 (reported on Form 4 filed 2026-02-18)
• Transaction code: M (exercise or conversion of a derivative/security)
• Shares acquired: 16,143 common shares @ $0.00 (total $0)
• Derivative disposed: 16,143 units @ $0.00 (total $0)
• Footnote: Each restricted stock unit (RSU) represents a contingent right to receive one share of HLIT common stock (F1).
• Shares owned after the transaction: not specified in this filing.
• Filing timeliness: Form 4 was filed three days after the reported transaction date; the filing does not indicate a late filing status.

Context

• These entries appear to reflect the conversion/settlement of RSUs into common stock (zero price indicates no cash paid). This is a routine compensation/award settlement rather than an open‑market purchase or a market sale. For derivative transactions, conversion/settlement is common when awards vest; the filing does not show an immediate open‑market sale of the resultant shares.