Harmonic CEO exercises 20,032 stock units
Rhea-AI Filing Summary
HARMONIC INC. (HLIT) reports that President and CEO Nimrod Ben-Natan exercised 20,032 restricted stock units on September 11, 2026, converting them into 20,032 shares of common stock at a reported price of $0.00 per share. Following this transaction, he directly holds 747,981 shares of common stock and 60,096 restricted stock units.
Positive
- None.
Negative
- None.
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 F1 | 20,032 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,032 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 60,096 contracts (Direct);
Common Stock — 747,981 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
Key Figures
Restricted stock units exercised: 20,032 units
Common shares received from RSU exercise: 20,032 shares
Post-transaction common stock holdings: 747,981 shares
+2 more
5 metrics
Restricted stock units exercised
20,032 units
Exercised or converted on September 11, 2026
Common shares received from RSU exercise
20,032 shares
Common stock acquired upon exercise of restricted stock units
Post-transaction common stock holdings
747,981 shares
Directly owned by President and CEO after the reported transactions
Post-transaction restricted stock units
60,096 units
Remaining restricted stock units after the exercise reported
Reported exercise price per share
$0.00 per share
Price reported for both the RSU exercise and resulting common stock
Key Terms
Restricted Stock Units, derivative security, Rule 10b5-1
3 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.
derivative security financial
"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.
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox is not checked for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HLIT’s President and CEO report?
Nimrod Ben-Natan reported exercising 20,032 restricted stock units on September 11, 2026, which were converted into 20,032 shares of Harmonic Inc. common stock at a reported price of $0.00 per share.
How many restricted stock units does the HLIT CEO still hold after the exercise?
Following the reported exercise, Nimrod Ben-Natan holds 60,096 restricted stock units, each representing a contingent right to receive one share of Harmonic Inc. common stock.
Was the HLIT CEO’s Form 4 transaction under a Rule 10b5-1 trading plan?
The filing shows the Rule 10b5-1 checkbox as not checked, indicating these transactions were not reported as made under a Rule 10b5-1 trading plan.
What was the nature of the derivative transaction reported for HLIT?
The derivative transaction was an exercise or conversion of 20,032 restricted stock units into an equal number of common shares, with each unit representing a contingent right to receive one share of Harmonic Inc. common stock.
Did the HLIT CEO report any open-market purchases or sales in this Form 4?
No open-market purchases or sales were reported. The Form 4 reflects an exercise of restricted stock units into common stock, not a market buy or sell transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
