Ben-Natan Nimrod 4

What Happened
Ben‑Natan Nimrod, President & CEO and a director of HARMONIC INC. (HLIT), converted 26,196 restricted stock units (RSUs) into common shares on 2026-05-15 (transaction code M = exercise/conversion of derivative). The filing shows 26,196 shares acquired at $0.00 and two dispositions of those shares (6,726 and 19,470) also at $0.00, resulting in no cash changing hands and effectively no net increase in shares held.

Key Details

• Transaction date: 2026-05-15; Form 4 filed 2026-05-19 (timely filing).
• Shares converted (acquired): 26,196 at $0.00; Shares disposed: 6,726 and 19,470 at $0.00. Total transaction value reported = $0.
• Net change in holdings from these entries: 0 (acquired and disposed amounts are equal).
• Footnote: F1 — each restricted stock unit (RSU) represents a contingent right to receive one share of HLIT common stock.
• The filing excerpt provided does not state the total number of HLIT shares Mr. Nimrod owned after these transactions.

Context

• Transaction code M indicates an exercise or conversion of a derivative; here that means RSUs were settled into shares. The matching disposal entries typically reflect shares that are immediately transferred or withheld as part of the settlement (for example, to satisfy tax withholding or other settlement obligations), which explains the zero cash amounts and net zero share change.
• This is a routine corporate compensation settlement rather than an open‑market buy or sell; it should be interpreted as an issuance/settlement event, not necessarily a bullish or bearish signal by the insider.