Harmonic (HLIT) CFO Walter Jankovic Converts 1,457 RSUs

What Happened

• Walter Jankovic, Chief Financial Officer of Harmonic Inc. (HLIT), converted 1,457 restricted stock units (RSUs) into common shares on 2026-09-11. The conversion is reported as an exercise/conversion of a derivative (code M) at $0.00 per share.
• To satisfy tax withholding obligations (code F), 732 of those shares were surrendered at an indicated value of $12.00 per share, generating $8,784 in withholding. Net shares retained from this conversion would be 725 (1,457 converted minus 732 withheld), based on the transaction entries.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-15 (filed within the required two business days).
• Conversion: 1,457 RSUs converted to common shares (M code) at $0.00 exercise price.
• Tax withholding: 732 shares withheld/disposed at $12.00 each for $8,784 (F code).
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.

Context

• This was a conversion/settlement of restricted stock units, not an open-market purchase or sale. The withholding of shares to cover taxes is a routine administrative action and does not necessarily indicate a buy or sell decision in the market.
• Transaction codes: M = exercise/conversion of derivative (here, RSUs); F = payment of exercise price or tax liability (here, share withholding for taxes).