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Harmonic (HLIT) CEO Reports 12,529-Share RSU Settlement on Form 4

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

Rhea-AI Filing Summary

Ben-Natan Nimrod, President and CEO and a director of Harmonic Inc. (HLIT), reported transactions dated 08/15/2025. The filing shows an acquisition of 12,529 shares of common stock (transaction code M) at $0, leaving 492,487 shares beneficially owned following the transaction. The filing also reports two restricted stock unit (RSU) settlements: 5,803 RSUs (grant dated 02/15/2024, expiration 02/15/2026) and 6,726 RSUs (grant dated 02/15/2025, expiration 02/15/2027). The form is signed by Wendi Ninh as attorney-in-fact on 08/19/2025.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine insider vesting increased the CEO's shareholdings; no cash purchase or unusual transactions disclosed.

The Form 4 documents vesting-related acquisitions on 08/15/2025, reflected as transaction code M and price $0, consistent with restricted stock unit settlements rather than open-market purchases. The CEO's reported beneficial ownership of 492,487 shares provides context for executive alignment with shareholders. No cash consideration, option exercises, or sales are reported in this filing, indicating a non-dilutive transfer of previously granted awards.

TL;DR: Vesting of RSUs for an executive is standard governance practice and is disclosed as required; no governance red flags identified.

The filing lists two RSU settlements with specified grant and expiration dates and discloses the reporting person's roles as President and CEO and director. Signature by an attorney-in-fact is properly noted. This is a routine disclosure under Section 16 and does not indicate any related-party transactions, unusual timing, or departures from standard equity compensation practices.

Insider Ben-Natan Nimrod
Role President and CEO
Type Security Shares Price Value
Exercise Restricted Stock Units 5,803 $0.00 --
Exercise Restricted Stock Units 6,726 $0.00 --
Exercise Common Stock 12,529 $0.00 --
Holdings After Transaction: Restricted Stock Units — 11,607 shares (Direct); Common Stock — 492,487 shares (Direct)
Footnotes (1)
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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*
Ben-Natan Nimrod
(Last) (First) (Middle)
2590 ORCHARD PARKWAY
(Street)
SAN JOSE CA 95131
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HARMONIC INC. [ HLIT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 08/15/2025 M 12,529 A $0 492,487 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(1) $0 08/15/2025 M 5,803 02/15/2024 02/15/2026 Common Stock 5,803 $0 11,607 D
Restricted Stock Units(1) $0 08/15/2025 M 6,726 02/15/2025 02/15/2027 Common Stock 6,726 $0 40,356 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
/s/ Wendi Ninh, Attorney-in-Fact 08/19/2025
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What transactions did HLIT insider Ben-Natan Nimrod report on Form 4?

He reported the acquisition of 12,529 common shares via transaction code M (vested awards) on 08/15/2025 and settlement of RSUs totaling 12,529 units.

How many shares does Ben-Natan Nimrod beneficially own after the reported transactions?

492,487 shares of Harmonic Inc. common stock are reported as beneficially owned following the transactions.

Were any shares purchased for cash according to this Form 4?

No. The reported common stock acquisitions show a price of $0, indicating vesting/settlement rather than a cash purchase.

What RSU grants settled according to the filing?

Two RSU settlements: 5,803 RSUs (grant dated 02/15/2024, expiration 02/15/2026) and 6,726 RSUs (grant dated 02/15/2025, expiration 02/15/2027).

Who signed the Form 4 and when?

Signed by Wendi Ninh, Attorney-in-Fact on 08/19/2025.