Whalen Daniel T 4

What Happened
Daniel T. Whalen, a director of Harmonic Inc. (HLIT), reported the exercise/conversion of derivative awards on Feb 15, 2026. The Form 4 shows an acquisition (conversion) of 16,143 shares at $0.00 and a corresponding disposition of 16,143 derivative shares at $0.00. The filing lists no cash value or sale proceeds for these entries.

Key Details

• Transaction date: 2026-02-15 (reported on Form 4 filed 2026-02-18)
• Transaction type/code: Exercise/conversion of derivative (Code M)
• Shares acquired: 16,143 at $0.00; Shares disposed: 16,143 at $0.00
• Reported monetary value: $0 (no purchase price or cash proceeds shown)
• Shares owned following the transaction: not disclosed in the provided data
• Footnote: Each restricted stock unit (RSU) represents a contingent right to receive one share of HLIT common stock (per filing)

Context
This filing documents a conversion of RSUs (derivative awards) rather than an open-market purchase or a routine sale for market liquidity. The presence of matching acquired and disposed derivative entries with $0.00 amounts typically reflects award settlement or transfer/settlement mechanics; the Form 4 does not detail any cashless sale, tax withholding, or proceeds. Because this is a conversion of compensation awards, it should be viewed as administrative/compensation-related rather than a clear bullish or bearish market signal.