HARMONIC (HLIT) CEO Ben‑Natan Exercises RSUs and Sells Shares

What Happened

• Ben‑Natan Nimrod, President, CEO and a Director of Harmonic Inc. (HLIT), had derivative activity on 2026-08-15: he converted/exercised restricted stock units (RSUs) into 26,196 shares (acquired at $0.00) and on the same date disposed of two blocks totaling 26,196 shares (6,726 and 19,470 shares) also at $0.00. The reported transaction code is M (exercise/conversion of a derivative). Because the number acquired equals the number disposed, the transaction produced no net increase in shares held according to the reported entries.

Key Details

• Transaction date: 2026-08-15; Form 4 filed: 2026-08-18 (appears timely).
• Prices reported: $0.00 per share for all conversion/disposal entries (typical for RSU vest/settlement).
• Shares acquired: 26,196 (conversion of RSUs). Shares disposed: 6,726 and 19,470 (total disposed 26,196).
• Net change in shares held based on these entries: zero (26,196 acquired and 26,196 disposed).
• Footnote: Each restricted stock unit (RSU) represents a contingent right to receive one share of HLIT common stock.
• Shares owned after the transaction: not specified in the information provided.

Context

• This filing reflects an RSU conversion (derivative exercise). Same‑day disposals equal to the shares converted are commonly seen when shares are sold to cover tax withholding or fees (a "sell‑to‑cover"), though the Form 4 here does not explicitly state the reason.
• These derivative conversions are not cash purchases; they represent settlement of previously granted equity awards rather than a new buy signal.