Crandall Dana L 4

What Happened

• Dana L. Crandall, a director of HARMONIC INC. (HLIT), was granted 18,756 restricted stock units (RSUs) on 2026-03-16. The Form 4 shows the acquisition price as $0.00 because this is an equity award (derivative), not an open-market purchase. The filing does not list a cash value in the transaction line; the economic value will depend on HLIT’s share price when/if the RSUs vest and convert to shares.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (timely).
• Transaction type/code: Award/Grant (A); 18,756 RSUs acquired at $0.00 (derivative).
• Vesting/delivery: Per filing footnotes, each RSU equals one share and the RSUs are scheduled to vest in full on February 15, 2027; vested shares will be delivered on or immediately after that date.
• Shares owned after transaction: Not specified in the information provided in this summary.
• Filing accession: 0001193125-26-114864.

Context

• RSUs are compensation awards that convert to common shares only if vesting conditions are met; this grant does not indicate an immediate market purchase or sale. Such grants are common for executives and directors as part of pay/retention programs and should be interpreted as compensation rather than a direct vote of confidence in the near-term stock price.