Harmonic (HLIT) GC Timothy Chu Exercises RSUs, Withholds 3,475 Shares

What Happened

• Timothy C. Chu, General Counsel and SVP, Human Resources of Harmonic Inc. (HLIT), converted restricted stock units (RSUs) into common stock on August 15, 2026. The filing shows 9,876 shares acquired in the conversion (reported at $0.00 per share, reflecting an award/vesting event).
• To satisfy tax withholding, 3,475 shares were surrendered/disposed at an effective price of $13.92 per share, totaling $48,372. The filing also includes two additional derivative-related disposals of 6,053 and 3,823 shares (reported at $0.00), indicated as part of the derivative conversion entries.
• This appears to be a routine RSU vesting/conversion with shares withheld to cover tax liabilities rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-08-15; Form 4 filed/available: 2026-08-18 (Accession 0001193125-26-355787).
• Reported movements: 9,876 shares acquired via derivative conversion (code M); 3,475 shares withheld/paid for taxes (code F) at $13.92/share = $48,372; two other derivative disposal entries of 6,053 and 3,823 shares (reported $0.00).
• Footnote: Each restricted stock unit (RSU) represents a contingent right to one share of HLIT common stock.
• Shares owned after the transaction are not specified in the provided filing.
• These entries reflect award vesting and tax withholding (routine) rather than a market purchase; no 10b5-1 plan or late filing indication is noted in the provided data.

Context

• RSU conversions/vestings commonly show $0.00 acquisition price because the shares are granted as compensation. Withholding or surrendering shares to cover taxes is a standard administrative step and does not necessarily indicate insider buying or bearish selling intent.
• For investors tracking insider signals, purchases are generally more informative than routine vesting and withholding events.