Jankovic Walter 4

What Happened

• Walter Jankovic, Chief Financial Officer of Harmonic Inc. (HLIT), had 6,644 restricted stock units (RSUs) convert into common shares on 2026-02-22 (reported on Form 4). The conversion is reported as an exercise/conversion of a derivative (code M) at $0.00 per share.
• To cover tax withholding (code F), 2,338 of the newly issued shares were surrendered at $10.90 per share, a value of $25,484. After withholding, Jankovic received a net ~4,306 shares.

Key Details

• Transaction date: 2026-02-22; Form 4 filed 2026-02-24 (filed within the standard 2-business-day window).
• Conversion: 6,644 RSUs -> 6,644 common shares (reported at $0.00 exercise price).
• Tax withholding: 2,338 shares withheld at $10.90 = $25,484 (reported as a disposition to satisfy tax liability).
• Net shares delivered to insider: ~4,306 (6,644 minus 2,338).
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — each restricted stock unit represents a contingent right to one share of HLIT common stock.
• Transaction codes: M = exercise/conversion of derivative (here, RSU vesting); F = payment of tax liability via share withholding.

Context

• This is a routine RSU vesting with a "sell-to-cover" (share withholding) for taxes — common for equity compensation and not a directional market bet by itself.
• There was no cash purchase of stock (no P code); the filing documents issuance/conversion and tax withholding only.