Harmonic (NASDAQ: HLIT) CFO withholds 9,930 shares for taxes
Rhea-AI Filing Summary
HARMONIC INC. (HLIT) Chief Financial Officer Walter Jankovic reported multiple equity compensation-related transactions. On 2026-08-15, he exercised restricted stock units that converted into 19,784 shares of common stock. On the same date, 9,930 shares of common stock were delivered or withheld for payment of exercise price or tax liability, and the corresponding restricted stock units were disposed of as they converted into common stock. Each restricted stock unit represented a contingent right to receive one share of HLIT common stock.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 9,854 shares
Net Buy
5 txns
Insider
Jankovic Walter
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 3,217 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1 | 8,071 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1 | 8,496 | $0.00 | $0.00 |
| Exercise | Common Stock | 19,784 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,930 | $13.92 | $138K |
Holdings After Transaction:
Restricted Stock Units — 70,337 shares (Direct);
Common Stock — 166,114 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
Key Figures
RSUs exercised into common stock: 19,784 shares
RSU tranche 1: 3,217 shares
RSU tranche 2: 8,071 shares
+3 more
6 metrics
RSUs exercised into common stock
19,784 shares
Total underlying common shares from three RSU exercises on 2026-08-15
RSU tranche 1
3,217 shares
Restricted Stock Units converted into common stock on 2026-08-15
RSU tranche 2
8,071 shares
Restricted Stock Units converted into common stock on 2026-08-15
RSU tranche 3
8,496 shares
Restricted Stock Units converted into common stock on 2026-08-15
Shares delivered/withheld for exercise price or tax
9,930 shares
Code F transaction in common stock on 2026-08-15
Code F price per share
$13.92
Per-share value for shares delivered or withheld on 2026-08-15
Key Terms
Restricted Stock Units, Exercise or conversion of derivative security, Payment of exercise price or tax liability, contingent right
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Payment of exercise price or tax liability financial
"transaction_code_description: Payment of exercise price or tax liability"
contingent right financial
"represents a contingent right to receive one share of HLIT common stock"
FAQ
What insider transactions did HLIT CFO Walter Jankovic report on August 15, 2026?
Walter Jankovic reported exercising restricted stock units into 19,784 shares of Harmonic Inc. common stock, with 9,930 shares delivered or withheld to cover exercise price or tax liability. The underlying restricted stock units were disposed of as they converted.
How many Harmonic Inc. (HLIT) RSUs did the CFO convert into common stock?
The CFO converted a total of 19,784 restricted stock units into an equal number of Harmonic Inc. common shares. These came from tranches of 3,217, 8,071, and 8,496 RSUs, each representing a contingent right to one share.
What does the Form 4 code F transaction for HLIT on August 15, 2026 represent?
The code F transaction covers 9,930 shares of Harmonic Inc. common stock delivered or withheld at $13.92 per share for payment of exercise price or tax liability. This is tied to the equity award exercise reported the same day.
Were the HLIT Form 4 transactions by the CFO market purchases or sales?
The reported transactions were equity award-related, including exercises of restricted stock units into common shares and shares delivered or withheld for payment of exercise price or tax liability. The data do not show open-market purchase or sale codes (P or S).
Does the HLIT Form 4 indicate trades under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is unchecked, meaning it does not affirm that these transactions were made under a Rule 10b5-1 trading plan. The reported activity relates to equity award exercises and associated share deliveries or withholdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
