Director Dana Crandall converts 16,143 RSUs into Harmonic (HLIT) common stock

Rhea-AI Filing Summary

HARMONIC INC. director Dana L. Crandall acquired common shares through an internal equity award event. On February 15, 2026, 16,143 restricted stock units were exercised or converted into 16,143 shares of common stock at a stated price of $0.00 per share. After this derivative exercise/conversion, Crandall directly owned 25,052 shares of Harmonic common stock.

Insider Trade Summary

16,143 shares exercised/converted

Mixed 2 txns

Insider Crandall Dana L

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	16,143	$0.00	--
Exercise	Common Stock	16,143	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 25,052 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^*

Crandall Dana L

(Last) (First) (Middle)

2950 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026

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	02/15/2026		M		16,143	A	$0	25,052	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	02/15/2026		M			16,143	02/15/2026	02/15/2026	Common Stock	16,143	$0	0	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	02/18/2026
	** 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.

FAQ

What insider transaction did Harmonic (HLIT) director Dana L. Crandall report?

Dana L. Crandall reported an equity award-related transaction. On February 15, 2026, 16,143 restricted stock units were exercised or converted into 16,143 shares of Harmonic common stock, reflecting a derivative exercise/conversion rather than an open-market purchase or sale.

How many Harmonic (HLIT) shares did Dana L. Crandall acquire in this Form 4?

Crandall acquired 16,143 shares of Harmonic common stock. These shares came from exercising or converting 16,143 restricted stock units, with each unit representing the right to receive one share of HLIT common stock according to the filing footnote.

What is the nature of the restricted stock units reported for Harmonic (HLIT)?

Each restricted stock unit represents a contingent right to receive one share of HLIT common stock. Upon vesting and exercise or conversion, these units are settled in common shares, as shown by the one-for-one conversion of 16,143 units into 16,143 shares.

Did Dana L. Crandall buy or sell Harmonic (HLIT) shares on the open market?

The filing shows a derivative exercise/conversion, not an open-market trade. Transaction code M indicates 16,143 restricted stock units were exercised or converted into 16,143 common shares at a stated price of $0.00 per share under the company’s equity arrangements.

How many Harmonic (HLIT) shares does Dana L. Crandall own after this Form 4 transaction?

After the reported transactions, Crandall directly owns 25,052 shares of Harmonic common stock. This total reflects the addition of 16,143 shares received from the exercise or conversion of restricted stock units on February 15, 2026.

What does transaction code M mean in the Harmonic (HLIT) Form 4 for Dana L. Crandall?

Transaction code M denotes an exercise or conversion of a derivative security. In this case, it reflects converting 16,143 restricted stock units into 16,143 shares of Harmonic common stock, as part of the company’s equity compensation rather than a market purchase or sale.