Harmonic Inc SEC Filings

Harmonic Inc. (HLIT) senior vice president and GM of the Video Business reported equity transactions involving company stock. On 11/15/2025, the officer acquired 10,900 shares of common stock at $0 per share through the vesting and settlement of restricted stock units coded as an "M" transaction. On the same date, 5,805 shares were disposed of at $9.56 per share in an "F" transaction, typically reflecting shares withheld to cover taxes. After these transactions, the officer directly owned 178,297 shares of Harmonic common stock. The derivative table shows two restricted stock unit grants, originally for 5,049 and 5,851 shares of common stock, each with a conversion price of $0, which were exercised into common stock on 11/15/2025.

Harmonic Inc. (HLIT) reported insider equity activity by its General Counsel & SVP, HR on Form 4. On 11/15/2025, the officer acquired 11,276 shares of common stock at $0 through the conversion (code M) of previously granted restricted stock units. On the same date, 3,968 shares of common stock were disposed of at $9.56 per share (code F), reflecting shares withheld to cover obligations. Following these transactions, the officer directly owned 119,455 shares of Harmonic common stock. In addition, derivative holdings included restricted stock units covering 5,223 shares and 6,053 shares, part of a total of 30,267 derivative securities beneficially owned, each RSU representing the right to receive one HLIT share.

Harmonic Inc. (HLIT) reported an insider equity transaction by its President and CEO, who is also a director. On 11/15/2025, the executive acquired 12,529 shares of common stock at an exercise price of $0, bringing direct beneficial ownership to 525,048 shares.

The transaction was linked to the vesting or exercise of derivative awards. Two blocks of restricted stock units (RSUs) were reported as exercised on 11/15/2025: one for 5,803 RSUs originally exercisable from 02/15/2024 to 02/15/2026, and another for 6,726 RSUs exercisable from 02/15/2025 to 02/15/2027, each converting into the same number of common shares at $0. After these transactions, 5,804 RSUs and 33,630 RSUs remain beneficially owned directly.

Harmonic Inc. (HLIT) reported weaker Q3 2025 results as total revenue fell to $142.4 million from $195.8 million a year ago, driven by softer Broadband appliance and integration sales tied to DOCSIS 4.0 deployment timing and network readiness. Net income was $2.7 million versus $21.7 million. Despite the top-line decline, gross margin improved to 54.2% from 53.5% on a more favorable mix.

Year-to-date revenue was $413.5 million (down from $456.6 million), with Broadband down and Video up. Operating cash flow strengthened to $95.7 million for the first nine months, lifting cash and equivalents to $127.4 million. The company repurchased about 6.9 million shares for $65.8 million, leaving $134.2 million under its $200 million authorization.

As of quarter-end, borrowings included $38.0 million under the Term Facility and $75.0 million under the Revolving Facility; on October 1, Harmonic repaid $40.0 million using cash. As of November 4, $35.0 million remained outstanding with $122.0 million of revolver availability. Remaining performance obligations were $494.5 million, with 63% expected over the next 12 months. Shares outstanding were 112,233,082 as of October 27, 2025.

Harmonic Inc. (HLIT) furnished an Item 2.02 report announcing a press release with its preliminary, unaudited financial results for the quarter ended September 26, 2025. The company also scheduled a conference call on November 3, 2025 to discuss these results.

The information is being furnished, not filed, under the Exchange Act and will not be incorporated by reference into other filings. The report includes Exhibit 99.1 (press release titled "Harmonic Announces Third Quarter 2025 Results") and Exhibit 104 (Cover Page Inline XBRL).

Harmonic Inc. Form 4 summary: The filing reports transactions by reporting person Jankovic, Walter, identified as an officer (Chief Financial Officer). It discloses the vesting/acquisition of 1,457 restricted stock units that convert into common shares at no cash cost and the sale/disposition of 732 shares at a price of $10.12 per share. The filing shows the reporter's beneficial ownership after the transactions of 97,814 shares. The filing also clarifies each restricted stock unit represents a contingent right to receive one share of HLIT common stock.

Harmonic Inc. (HLIT) reporting person Nimrod Ben‑Natan, who is both President & CEO and a director, recorded an acquisition of equity on 09/11/2025. The filing shows 20,032 restricted stock units were converted/acquired (transaction code M) at $0, and each RSU represents a contingent right to one share. After the transaction the reporting person beneficially owned 512,519 shares of common stock (direct) and held derivative rights covering 140,224 shares. The Form 4 was signed by an attorney‑in‑fact on 09/15/2025.

Harmonic Inc. insider Form 4 reports SVP & GM, Video Business Neven Haltmayer had two transactions on 09/01/2025. 2,724 restricted stock units were deemed acquired at $0 (each RSU converts to one share) and show a post-transaction holding of 174,653 shares. Separately, 1,451 shares were sold at $9.62 per share, resulting in 173,202 shares beneficially owned after the sale. The filing was signed by an attorney-in-fact on 09/03/2025 and includes the RSU-to-share explanation.

Harmonic Inc. (HLIT) insider activity by Walter Jankovic, Chief Financial Officer. On 08/22/2025 Mr. Jankovic received 6,644 shares by vesting/conversion of restricted stock units at $0 per share, increasing his beneficial ownership to 100,423 shares. On the same date he disposed of 3,334 shares at $9.19 per share, leaving a reported beneficial ownership of 97,089 shares after that sale. The filing notes each restricted stock unit represents the contingent right to one share. The Form 4 was signed by an attorney-in-fact, Wendi Ninh, on 08/26/2025.