Haltmayer Neven 4

What Happened
Neven Haltmayer, SVP & GM of Harmonic’s Video Business, had restricted stock units (RSUs) convert on June 16, 2026 in connection with the sale of Harmonic’s Video Business. The Form 4 shows a total of 78,155 derivative units converted; 44,600 shares were reported as acquired, and 33,555 shares were surrendered/withheld (reported as dispositions at $0). Separately, 23,751 shares were sold to cover tax withholding at $14.80 per share, generating $351,515. The filing indicates these conversions resulted from accelerated vesting approved by the Compensation Committee due to the transaction with MediaKind.

Key Details

• Transaction date: June 16, 2026; Form 4 filed June 22, 2026 (filed ~6 days after the transactions).
• Conversions/exercises reported: total 78,155 derivative units (RSUs) converted (44,600 shares reported as acquired; 33,555 shares surrendered/withheld).
• Tax-related sale: 23,751 shares sold at $14.80 for $351,515 (reporting code F). Several shares were withheld/surrendered at $0 to cover obligations (reporting code M).
• Shares owned after transaction: not stated in the filing.
• Footnotes: Accelerated vesting of 50% of certain outstanding RSUs and 50% of target performance RSUs due to sale of Video Business to MediaKind (F1). Each RSU equals one share of HLIT common stock (F2).
• Filing timeliness: filing occurred several days after the transaction date; appears later than the typical two-business-day Form 4 window.

Context
These entries reflect RSU settlements and routine tax withholding, not an open-market investment choice. The sale of 23,751 shares was to satisfy tax obligations; other shares were withheld/surrendered (zero cash) for the same purpose. The accelerated vesting was triggered by the corporate transaction (sale of the Video Business), per the footnote, rather than an independent discretionary sale by the insider.