Harmonic CEO exercises 20,032 RSUs into shares

Rhea-AI Filing Summary

HARMONIC INC. President and CEO Nimrod Ben-Natan exercised restricted stock units into common shares on 2026-06-11. He acquired 20,032 shares of common stock through the conversion of 20,032 restricted stock units, with no open-market buying or selling reported.

Following the transactions, he directly holds 701,753 shares of common stock and 80,128 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock, reflecting routine equity-based compensation rather than discretionary trading.

Insights

Equity compensation analyst

CEO equity awards were converted into shares in a routine, non-cash transaction.

HARMONIC INC. President and CEO Nimrod Ben-Natan converted 20,032 restricted stock units into 20,032 common shares on 2026-06-11. The Form 4 classifies both entries as exercises or conversions of derivative securities, not open-market purchases or sales.

After these transactions, he holds 701,753 common shares and 80,128 restricted stock units directly. This pattern is typical of executive equity compensation vesting and does not change cash position or signal a discretionary buy or sell decision.

Insider Trade Summary

20,032 shares exercised/converted

Exercise 2 txns

Insider Ben-Natan Nimrod

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	20,032	$0.00	$0.00
Exercise	Common Stock	20,032	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 80,128 contracts (Direct); Common Stock — 701,753 shares (Direct)

Footnotes (1)

1. F1. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.

Key Figures

RSUs converted: 20,032 units Shares acquired: 20,032 shares Common shares held after: 701,753 shares +2 more

5 metrics

RSUs converted 20,032 units Restricted stock units exercised into common stock on 2026-06-11

Shares acquired 20,032 shares Common stock received from RSU conversion on 2026-06-11

Common shares held after 701,753 shares Direct ownership following reported transactions

RSUs held after 80,128 units Direct restricted stock unit balance following transactions

Exercise price per RSU 0.0000 per unit Reported conversion or exercise price for RSUs

Key Terms

Restricted Stock Units, derivative security, contingent right

3 terms

Restricted Stock Units financial

"The security title for one transaction is listed as "Restricted Stock Units"."

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.

derivative security financial

"The transaction code description states "Exercise or conversion of derivative security"."

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

contingent right financial

"Footnote: "Each restricted stock unit represents a contingent right to receive one share"."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did HARMONIC (HLIT) CEO Nimrod Ben-Natan report in this Form 4?

He reported exercising 20,032 restricted stock units into 20,032 shares of HARMONIC common stock on 11 June 2026. The transactions are classified as derivative exercises, not open-market buys or sells, reflecting routine equity compensation activity.

How many HARMONIC (HLIT) shares does the CEO hold after this Form 4?

After the reported transactions, the CEO directly holds 701,753 shares of HARMONIC common stock. He also directly holds 80,128 restricted stock units, which are contingent rights to receive an equal number of shares in the future, subject to applicable terms.

Were there any open-market stock sales or purchases in this HARMONIC (HLIT) Form 4?

No open-market sales or purchases were reported. Both transactions are coded as derivative exercises or conversions, indicating restricted stock units being converted into common shares without market trading, consistent with standard equity award vesting mechanics.

What does each HARMONIC (HLIT) restricted stock unit represent in this filing?

Each restricted stock unit represents a contingent right to receive one share of HLIT common stock. This means when vesting or exercise conditions are met, one unit converts into one common share, as disclosed in the Form 4 footnote.

Is this HARMONIC (HLIT) CEO Form 4 a significant directional signal for investors?

The Form 4 reflects routine equity compensation activity rather than discretionary trading. It shows conversion of 20,032 restricted stock units into common shares, with no reported open-market buying or selling, so it does not strongly indicate a change in the CEO’s view of the stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/15/2026 - 05:30 PM Learn about SEC filing dates

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 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/11/2026		M		20,032	A	$0	701,753	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	06/11/2026		M			20,032	06/11/2025	06/11/2027	Common Stock	20,032	$0	80,128	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	06/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)