Crandall Dana L 4

What Happened
Dana L. Crandall, a director of Harmonic Inc. (HLIT), converted restricted stock units into common stock on February 15, 2026. The Form 4 reports an acquisition of 16,143 shares at $0.00 under an exercise/conversion of derivative (code M) and a simultaneous disposition of 16,143 shares at $0.00. The filing shows no cash proceeds.

Key Details

• Transaction date: 2026-02-15. Transaction reported on Form 4 filed 2026-02-18.
• Reported transactions: Acquired 16,143 shares @ $0.00 (M — exercise/conversion of derivative); Disposed 16,143 shares @ $0.00 (derivative).
• Shares owned after the transaction: Not specified in this filing.
• Footnote: F1 — Each restricted stock unit (RSU) represents a contingent right to receive one share of HLIT common stock.
• Filing timeliness: The report was filed on 2026-02-18; the filing does not indicate a late-report flag.

Context

• Code M typically means exercise or conversion of a derivative. Here the footnote confirms these were RSUs converting into common shares.
• Both acquisition and disposition are reported at $0.00; the Form 4 does not specify whether shares were sold, transferred, or used for tax withholding, nor does it show cash proceeds.
• This is a compensation-related, non-cash settlement rather than an open-market purchase or sale that would signal a direct buy/sell decision by the insider.