KRALL DAVID 4

What Happened

• David Krall, a director of Harmonic Inc. (HLIT), exercised/converted 16,143 derivative awards on February 15, 2026. The filing reports 16,143 shares acquired and a corresponding disposition of 16,143 derivative units at a reported price of $0.00 (total $0 reported). This reflects conversion of restricted stock units (RSUs) into common shares rather than an open‑market sale or purchase.

Key Details

• Transaction date: 2026-02-15; Form 4 filed: 2026-02-18 (filed within the typical 3‑business‑day window).
• Reported amounts: 16,143 shares (acquired) and 16,143 derivative units disposed; price reported $0.00.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 — each restricted stock unit represents a contingent right to one share of HLIT common stock.
• Transaction code M indicates exercise/conversion of a derivative; the “disposed (Derivative)” line reflects the conversion/settlement of the RSUs, not a sale of the underlying shares.

Context

• This filing documents conversion/settlement of RSUs into common stock. It does not show an open‑market sale of the resulting shares, so it should not be read as a liquidation. Such conversions are common as RSUs vest and are settled for stock; they are typically routine compensation events rather than directional insider bets.