Haltmayer Neven 4

What Happened

• Neven Haltmayer, SVP & GM, Video Business at Harmonic (HLIT), converted restricted stock units (RSUs) into common stock on 2026-05-15. The filing shows 11,373 shares acquired via conversion (reported as derivative transaction code M at $0.00).
• To satisfy tax withholding, 6,057 shares were surrendered/withheld (transaction code F) at an imputed value of $12.54 per share, totaling $75,955. The filing also lists two additional derivative disposition entries of 5,851 and 5,522 shares (reported at $0.00), which relate to RSU conversion/settlement mechanics.

Key Details

• Transaction date: May 15, 2026. Form filed: May 19, 2026 (filed on time).
• Primary conversion: 11,373 shares acquired (M) at $0.00 (RSU conversion).
• Tax withholding: 6,057 shares withheld/disposed (F) at $12.54/share = $75,955.
• Additional derivative dispositions: 5,851 and 5,522 shares (M) reported at $0.00 — shown as part of the conversion/settlement entries.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.

Context

• These entries reflect routine equity award settlement: RSUs converted into shares and a portion withheld to cover tax obligations (a common practice), not an open-market buy or sell based on trading intent.
• The conversion is reported as a derivative exercise/settlement (code M) and the withholding as tax payment (code F). No cash purchase or open-market sale was reported beyond the share withholding for taxes.