Chu Timothy C 4

What Happened
Timothy C. Chu, General Counsel & SVP, Human Resources of Harmonic Inc. (HLIT), was granted 59,230 restricted stock units (RSUs) on 2026-03-16. The award is reported as a derivative acquisition (code A) with an acquisition price of $0 — the RSUs are a contingent right to receive shares of HLIT common stock upon vesting.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (filed timely).
• Instrument: 59,230 Restricted Stock Units (derivative); acquisition price reported $0.
• Vesting / conversion: Each RSU represents a right to one share (see footnote). 33.33% vests on 2/15/2027; thereafter ~8.33% vests every three months until fully vested on the third anniversary of the RSU vesting commencement date.
• Shares owned after transaction: Not specified in the provided filing summary.
• Transaction code: A = Award/Grant (compensation), not an open-market buy or sale.

Context
This is a compensation award, not an immediate cash purchase or sale; the RSUs convert into shares only as they vest. Such grants are common for executive compensation and do not necessarily signal a near-term market view by the insider.