Harmonic (HLIT) CEO Ben‑Natan Nimrod Converts 20,032 RSUs to Shares

What Happened

• Ben‑Natan Nimrod, President, CEO and a director of Harmonic Inc. (HLIT), had derivative awards converted into common stock on September 11, 2026. The Form 4 reports the conversion (derivative exercise/conversion code M) of 20,032 units into 20,032 shares at an effective price of $0.00 per share, with no cash paid and no sale of the resulting shares reported. The filing shows both the acquisition of 20,032 shares and the disposition of 20,032 derivative instruments (the conversion).

Key Details

• Transaction date: 2026-09-11
• Report filed: 2026-09-15 (appears timely)
• Shares converted/acquired: 20,032 at $0.00 per share (total cash paid: $0)
• Reported derivative code: M (exercise or conversion of derivative)
• Footnote: F1 — 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 provided filing excerpt

Context

• This appears to be a routine settlement of compensation awards (RSUs) rather than an open-market purchase or sale. No immediate sale of the acquired shares was reported in this filing. Conversions like this typically reflect vesting/settlement of previously granted equity awards and are not, by themselves, a clear buy or sell signal.