STOCK TITAN

Harmonic (HLIT) director Dev Indraneel receives 18756 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Dev Indraneel reported acquisition or exercise transactions in this Form 4 filing.

HARMONIC INC. director Dev Indraneel received 18756 restricted stock units (RSUs) as an equity award. The RSUs were granted on March 16, 2026 and each unit represents a right to receive one share of HLIT common stock. The shares subject to these RSUs are scheduled to vest in full on February 15, 2027. Vested RSUs will be settled in shares within 60 days after the earliest of a change-in-control event, the director’s separation from service, or the director’s death. Following this grant, the director holds 18756 RSUs directly.

Positive

  • None.

Negative

  • None.
Insider Dev Indraneel
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 18,756 $0.00 --
Holdings After Transaction: Restricted Stock Units — 18,756 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock. The shares subject to the restricted stock units are scheduled to vest in full on February 15, 2027. The vested RSUs will be settled in shares within 60 days following the earliest to occur of (i) a change-in-control event, (ii) the director's separation from service from the company, or (iii) the director's death.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dev Indraneel

(Last)(First)(Middle)
2950 ORCHARD PARKWAY

(Street)
SAN JOSE CALIFORNIA 95131

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
HARMONIC INC. [ HLIT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)$003/16/2026A18,75602/15/2027(2)02/15/2027Common Stock18,756$018,756D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
2. The shares subject to the restricted stock units are scheduled to vest in full on February 15, 2027. The vested RSUs will be settled in shares within 60 days following the earliest to occur of (i) a change-in-control event, (ii) the director's separation from service from the company, or (iii) the director's death.
/s/ Wendi Ninh, Attorney-in-Fact03/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Harmonic (HLIT) report for Dev Indraneel?

Harmonic reported that director Dev Indraneel received 18756 restricted stock units as an equity award. The grant occurred on March 16, 2026 and represents compensation, not an open-market share purchase or sale, with future settlement in HLIT common stock after vesting conditions are met.

How many restricted stock units did the Harmonic (HLIT) director receive?

The director received 18756 restricted stock units. Each RSU represents a contingent right to receive one share of HLIT common stock, providing potential future ownership once the vesting conditions are satisfied and the units are ultimately settled in shares after specified triggering events.

When do the new Harmonic (HLIT) RSUs for Dev Indraneel vest?

The RSUs are scheduled to vest in full on February 15, 2027. This means the award becomes fully earned on that date, subject to the terms, after which the vested units can later be settled in HLIT common stock upon specified triggering events described in the grant terms.

What events trigger settlement of the Harmonic (HLIT) RSUs into shares?

The vested RSUs will be settled in shares within 60 days after the earliest of three events: a change-in-control of the company, the director’s separation from service, or the director’s death. These conditions govern when actual HLIT shares are delivered to the director.

Is the Harmonic (HLIT) Form 4 transaction a stock purchase or sale?

The Form 4 reflects a grant of 18756 restricted stock units, not an open-market purchase or sale. It is classified as a grant, award, or other acquisition of derivative securities as director compensation, with future conversion into common shares after vesting and applicable triggering events.

How many Harmonic (HLIT) RSUs does Dev Indraneel hold after this grant?

After this grant, the director holds 18756 restricted stock units directly. These units are tied to future delivery of an equal number of HLIT common shares, contingent on vesting by February 15, 2027 and subsequent settlement after the earliest specified triggering event occurs under the award terms.
Harmonic Inc

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