Jankovic Walter 4

What Happened

• Walter Jankovic, Chief Financial Officer of Harmonic Inc. (HLIT), had 1,457 restricted stock units (RSUs) convert into common shares on 2026-06-11. Of those, 732 shares were withheld to cover tax withholding at $14.51 per share, generating $10,621; the result was a net increase of 725 shares to his holdings. The filings show the RSU derivative was converted (transaction code M) and shares were withheld for taxes (code F).

Key Details

• Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (timely).
• Conversion: 1,457 RSUs converted into 1,457 common shares (code M).
• Tax withholding: 732 shares withheld/disposed at $14.51 each, proceeds $10,621 (code F).
• Net shares retained from the vesting: 725 shares (1,457 − 732).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: Each restricted stock unit represents a contingent right to receive one share of HLIT common stock (F1).

Context

• This was a vesting/conversion of RSUs, not an open-market buy or a standard sale. The withholding of shares to cover taxes is a routine, administrative action (a sell-to-cover) and does not by itself indicate the insider’s market view. The transaction was reported on time.