Harmonic CFO reports RSU vesting and tax share sale

Harmonic Inc. Chief Financial Officer Walter Jankovic reported equity award activity involving restricted stock units and common shares.

Accepted by SEC EDGAR 02/24/2026 - 03:23 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Harmonic Inc. Chief Financial Officer Walter Jankovic reported equity award activity involving restricted stock units and common shares. On February 22, 2026, 6,644 restricted stock units were exercised into 6,644 shares of common stock at no cost. To cover tax obligations, 2,338 common shares were disposed of at $10.90 per share, leaving Jankovic with 140,595 directly owned common shares.

Insider Trade Summary

6,644 shares exercised/converted

Exercise 3 txns

Insider Jankovic Walter

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	6,644	$0.00	$0.00
Exercise	Common Stock	6,644	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,338	$10.90	$25K

Holdings After Transaction: Restricted Stock Units — 6,645 contracts (Direct); Common Stock — 140,595 shares (Direct)

Footnotes (1)

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

FAQ

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

What insider transactions did Harmonic (HLIT) report for Walter Jankovic?

Harmonic CFO Walter Jankovic exercised 6,644 restricted stock units into common shares and disposed of 2,338 shares to satisfy tax obligations. These transactions were reported as routine equity award activity dated February 22, 2026, with ownership remaining directly held.

How many Harmonic (HLIT) shares does the CFO own after this Form 4?

After the reported transactions, Harmonic CFO Walter Jankovic directly owns 140,595 shares of common stock. This figure reflects the exercise of 6,644 restricted stock units and the tax-withholding disposition of 2,338 shares on February 22, 2026.

What does the restricted stock unit transaction mean for Harmonic (HLIT)?

The transaction shows 6,644 restricted stock units converting into an equal number of Harmonic common shares at no cost. Each restricted stock unit represents a contingent right to one HLIT share, indicating the vesting and settlement of prior equity compensation granted to the CFO.

Why were 2,338 Harmonic (HLIT) shares disposed of at $10.90?

The 2,338 Harmonic shares were disposed of at $10.90 per share to satisfy tax liabilities related to the equity award. The transaction is coded as a tax-withholding disposition, meaning shares were withheld or sold to cover required tax payments rather than an open-market sale.

Did the Harmonic (HLIT) CFO buy or sell shares on the open market?

The Form 4 does not show open-market buying or selling. It reports a derivative exercise of 6,644 restricted stock units into shares and a 2,338-share tax-withholding disposition, both related to equity compensation rather than discretionary market transactions.

What is the significance of the $0.00 price on the RSU exercise for HLIT?

The $0.00 price per share on the RSU exercise indicates the CFO did not pay cash to receive the 6,644 shares. Restricted stock units typically settle without an exercise price, reflecting compensation that converts into stock upon vesting or meeting specified conditions.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Jankovic Walter

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2026

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	02/22/2026		M		6,644	A	$0	142,933	D
Common Stock	02/22/2026		F		2,338	D	$10.9	140,595	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	02/22/2026		M			6,644	05/22/2024	05/22/2026	Common Stock	6,644	$0	6,645	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	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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