Harmonic (HLIT) Insider Filing: RSUs Vest, Small Sale by CFO

Rhea-AI Filing Summary

Harmonic Inc. insider transactions by CFO Walter Jankovic on 08/15/2025: The filing shows multiple transactions that changed his holdings in HLIT common stock and related restricted stock units. Mr. Jankovic was reported as acquiring 11,288 shares at $0 (code M) and disposing of 5,666 shares at $8.97, leaving 99,445 and then 93,779 shares reported following each non-derivative transaction respectively. Two separate restricted stock unit awards settled or were recorded: 3,217 RSUs (dated 11/15/2024, expiring 11/15/2026) and 8,071 RSUs (dated 02/15/2025, expiring 02/15/2027), resulting in 16,088 and 48,426 underlying shares reported after those derivative entries. The form is signed by an attorney-in-fact on 08/19/2025.

Positive

• Receipt of restricted stock units (3,217 and 8,071 RSUs) increasing potential beneficial ownership
• Acquisition of 11,288 shares at $0, indicating vested awards or similar compensatory issuance

Negative

• Sale of 5,666 shares at $8.97 reduced direct common stock holdings from 99,445 to 93,779

Insights

Financial Analyst

TL;DR: Insider received RSUs and net sold a modest portion of shares; impact appears limited and informational for ownership tracking.

The transactions combine zero-price acquisitions (code M, typically vesting/settlement of restricted stock units) with a market sale of 5,666 shares at $8.97. The net effect reduces reported direct common stock from 99,445 to 93,779 after the sale, while material RSU amounts were recorded bringing significant additional potential shares into reported beneficial ownership counts. For investors, these entries document executive compensation realization and routine liquidity actions rather than a decisive change in control or capital structure.

Corporate Governance Expert

TL;DR: Transactions reflect standard executive compensation vesting and an open-market disposal; no governance red flags evident.

The form lists restricted stock unit settlements and a contemporaneous sale of a portion of holdings. The filing is timely and includes signature by an attorney-in-fact. There is no indication of unusual related-party transfers, option repricing, or amendments that would suggest governance concerns. This appears consistent with routine insider reporting obligations.

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
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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)
08/15/2025

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	08/15/2025		M		11,288	A	$0	99,445	D
Common Stock	08/15/2025		F		5,666	D	$8.97	93,779	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	08/15/2025		M			3,217	11/15/2024	11/15/2026	Common Stock	3,217	$0	16,088	D
Restricted Stock Units(1)	$0	08/15/2025		M			8,071	02/15/2025	02/15/2027	Common Stock	8,071	$0	48,426	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	08/19/2025
	** 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 did HLIT CFO Walter Jankovic report on Form 4 filed for 08/15/2025?

The Form 4 reports acquisitions of 11,288 common shares at $0, a sale of 5,666 shares at $8.97, and two RSU entries of 3,217 and 8,071 units.

How many HLIT shares did the reporting person own after the transactions?

The filing shows 99,445 shares following one reported non-derivative transaction and 93,779 shares following the reported sale.

What do the RSU entries on the HLIT Form 4 represent?

Each restricted stock unit represents a contingent right to receive one share of HLIT common stock, per the form's explanation.

At what price were shares sold according to the HLIT Form 4?

The reported disposition of 5,666 shares was made at a price of $8.97 per share.

Who signed the Form 4 for Walter Jankovic and when?

The form bears the signature of Wendi Ninh, Attorney-in-Fact, dated 08/19/2025.