Ben-Natan Nimrod 4

What Happened

• Ben‑Natan Nimrod, President & CEO and a director of Harmonic Inc. (HLIT), recorded the exercise/conversion of 20,032 derivative units (code M) on 2026-06-11. The Form 4 shows 20,032 shares "acquired" at $0.00 and a matching 20,032 shares "disposed" (derivative) at $0.00, with total dollar amounts reported as $0 on the filing.
• This was a conversion/exercise of restricted stock units (RSUs) rather than a purchase or open‑market sale; the filing does not show a cash purchase or a market sale of shares.

Key Details

• Transaction date: 2026-06-11 (reported on Form 4 filed 2026-06-15; filing appears timely)
• Transaction code: M (exercise or conversion of a derivative/security)
• Amounts: 20,032 shares acquired at $0.00; 20,032 shares disposed at $0.00 (derivative)
• Shares owned after transaction: not specified in the details provided here
• Footnote: F1 — each restricted stock unit represents a contingent right to receive one share of HLIT common stock

Context

• For retail investors: an RSU conversion is a routine administrative event where deferred/contingent equity awards become actual shares. The matching acquisition and disposition entries often reflect the conversion mechanics (e.g., issuance of shares and simultaneous disposition of a derivative interest or surrender of units for tax/payment), not a directional buy or sell signal.
• The Form 4 records $0 for these entries per the filing; that reflects how the units were recorded on the form, not the market value of the shares.