Harmonic (HLIT) CFO Walter Jankovic Converts RSUs; 9,930 Shares Withheld

What Happened
Walter Jankovic, Chief Financial Officer of Harmonic Inc. (HLIT), had restricted stock units (RSUs) convert into 19,784 shares on August 15, 2026. To satisfy tax withholding, 9,930 of those shares were surrendered at $13.92 per share for a total withholding value of $138,226. Net shares delivered to Jankovic after withholding were 9,854 (19,784 acquired minus 9,930 withheld).

Key Details

• Transaction date: 2026-08-15; Form 4 filed 2026-08-18 (filed within required 2 business days).
• Primary codes: M = conversion/exercise of derivative (RSU conversion); F = payment of tax liability via share withholding.
• Shares converted: 19,784 RSUs → 19,784 shares acquired (no exercise price).
• Shares withheld for taxes: 9,930 shares at $13.92 = $138,226.
• Net shares delivered to insider: 9,854 shares.
• Amount owned following the transaction: not specified in the filing.
• Footnote: Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.

Context

• This was a routine RSU vest/conversion with shares withheld for tax obligations (a common cashless settlement), not an open-market purchase or voluntary sale. Such withholding is administrative and does not necessarily signal the insider’s view of the company’s stock.
• M-code transactions indicate conversion/exercise of derivatives (here, RSUs). F-code indicates shares were used to pay tax withholding.