Jankovic Walter 4

What Happened

• Walter Jankovic, Chief Financial Officer of Harmonic Inc. (HLIT), converted 6,645 restricted stock units (RSUs) into common shares on May 22, 2026. The conversion is reported as an exercise/conversion of a derivative (code M) at $0.00 per share.
• To cover tax withholding or related tax liability (code F), 3,335 of those shares were surrendered/withheld at a reported price of $15.20 per share, totaling $50,692. After withholding, the net shares issued to Jankovic were 3,310 shares (6,645 converted minus 3,335 withheld).
• A separate derivative disposition line reflects the conversion/settlement of the RSUs into shares (the RSU award ceasing to exist once settled).

Key Details

• Transaction date: May 22, 2026; Filing date: May 27, 2026 (report covering the May 22 transaction).
• Conversion: 6,645 RSUs -> 6,645 common shares (exercise/conversion, $0.00 per share).
• Tax withholding: 3,335 shares withheld/surrendered at $15.20/share = $50,692 (reported as payment of exercise price or tax liability).
• Net shares delivered to insider: 3,310 shares.
• Footnote: Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
• Shares owned after the transaction: Not specified in this filing.

Context

• This was a standard RSU vesting/settlement with share withholding to cover taxes (a routine, non-open-market disposition). The withholding is effectively a cashless method of satisfying tax obligations and does not necessarily indicate a decision to sell additional shares on the open market.
• For retail investors, purchases are usually more informative as a bullish signal; this filing documents a vesting event with tax withholding rather than a market buy or discretionary sale.