Haltmayer Neven 4

What Happened

• Neven Haltmayer, Senior VP & GM, Video Business at Harmonic (HLIT), had 2,725 restricted stock units (RSUs) convert to common shares on June 1, 2026 (reported as "exercise/conversion of derivative" code M). The converted shares had a reported per-share value of $15.81, implying total value of about $43,082.25.
• To satisfy tax withholding (code F), 1,452 of those shares were withheld/disposed at $15.81 for a value of $22,956.12. The net result is an increase of 1,273 shares retained by Haltmayer.

Key Details

• Transaction date: 2026-06-01.
• Conversion: 2,725 RSUs -> 2,725 shares (reported at $0.00 exercise price for the derivative conversion).
• Tax withholding: 1,452 shares disposed at $15.81 each = $22,956.12.
• Net shares retained: 1,273 (2,725 converted − 1,452 withheld).
• Footnote: F1 clarifies each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
• Filing does not indicate a separate open‑market purchase or sale; this is an RSU settlement with shares withheld for taxes.

Context

• This was an RSU settlement (no cash outlay to exercise, reflected by $0.00 exercise price) with a portion of the shares withheld to cover tax obligations—a common administrative step that is not the same as an open-market sale.
• Such tax-withholding disposals are routine and do not, by themselves, necessarily signal an insider's view on the company's stock.