Harmonic officer receives 9,876 shares from RSUs
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Form Type
4
Rhea-AI Filing Summary
HARMONIC INC. (HLIT) reported that officer Timothy C. Chu exercised restricted stock units and received common stock. On 2026-08-15, 6,053 and 3,823 restricted stock units, each representing a right to one HLIT share, were converted into 9,876 shares of common stock. On the same date, 3,475 common shares were delivered or withheld at $13.92 per share for payment of exercise price or tax liability.
Insider Trade Summary
9,876 shares exercised/converted
Exercise
4 txns
Insider
Chu Timothy C
Role
General Counsel & SVP, HR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 6,053 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1 | 3,823 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,876 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,475 | $13.92 | $48K |
Holdings After Transaction:
Restricted Stock Units — 35,047 contracts (Direct);
Common Stock — 148,902 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
Key Figures
RSUs converted (first tranche): 6,053 shares
RSUs converted (second tranche): 3,823 shares
Common stock acquired via conversion: 9,876 shares
+3 more
6 metrics
RSUs converted (first tranche)
6,053 shares
Restricted Stock Units converted to HLIT common stock on 2026-08-15
RSUs converted (second tranche)
3,823 shares
Restricted Stock Units converted to HLIT common stock on 2026-08-15
Common stock acquired via conversion
9,876 shares
Common stock received from RSU exercises/conversions on 2026-08-15
Shares delivered/withheld for exercise price or taxes
3,475 shares
Code F transaction on 2026-08-15 at $13.92 per share
Per-share value for F transaction
$13.92 per share
Price applied to 3,475 common shares for payment of exercise price or tax liability
RSU-to-share ratio
1 share per unit
Each restricted stock unit represents a contingent right to receive one share of HLIT common stock
Key Terms
Restricted Stock Units, derivative security, Payment of exercise price or tax liability, contingent right
4 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.
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
contingent right financial
"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 equity transaction did HLIT report for Timothy C. Chu on August 15, 2026?
On 2026-08-15, Timothy C. Chu exercised restricted stock units that converted into 9,876 HLIT common shares. These came from tranches of 6,053 and 3,823 RSUs, each representing a contingent right to one share of Harmonic Inc. common stock.
How many Harmonic Inc. (HLIT) restricted stock units did Timothy C. Chu convert?
Timothy C. Chu converted a total of 9,876 restricted stock units into HLIT common stock. The RSUs consisted of 6,053 units and 3,823 units, each RSU representing a contingent right to receive one share of Harmonic Inc. common stock.
Was the August 15, 2026 HLIT insider activity a purchase or a sale?
The activity was a mix of acquisition and disposition. Shares were acquired through the conversion of restricted stock units, and some common shares were delivered or withheld to cover exercise price or tax liability, rather than being an open-market purchase or sale.
What role does Timothy C. Chu hold at Harmonic Inc. (HLIT) in this Form 4?
In this Form 4, Timothy C. Chu is identified as an officer of Harmonic Inc., serving as General Counsel & SVP, HR. The reported equity transactions relate to his compensation-based restricted stock unit and common stock holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
