Harmonic (HLIT) CFO converts RSUs to stock and disposes shares for tax

Rhea-AI Filing Summary

Harmonic Inc. Chief Financial Officer Walter Jankovic reported multiple equity award transactions involving restricted stock units and common stock. On February 15, 2026, he exercised restricted stock units that each represent a right to receive one share of HLIT common stock, resulting in the acquisition of 45,273 shares of common stock through derivative exercises at a stated price of $0.00 per share. On the same date, 16,456 shares of common stock were disposed of at $10.68 per share in a tax-withholding transaction used to satisfy tax obligations. After these transactions, Jankovic directly owned 136,289 shares of Harmonic common stock.

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

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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)
02/15/2026

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		45,273	A	$0	152,745	D
Common Stock	02/15/2026		F		16,456	D	$10.68	136,289	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			3,217	11/15/2024	11/15/2026	Common Stock	3,217	$0	9,653	D
Restricted Stock Units(1)	$0	02/15/2026		M			8,071	02/15/2025	02/15/2027	Common Stock	8,071	$0	32,284	D
Restricted Stock Units(1)	$0	02/15/2026		M			33,985	02/15/2026	02/15/2028	Common Stock	33,985	$0	67,969	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	02/17/2026
	** 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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FAQ

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

Walter Jankovic reported exercising restricted stock units into common stock and disposing of shares for tax withholding. These transactions reflect equity compensation mechanics rather than open-market buying or selling, and they adjusted his direct ownership position in Harmonic common stock.

How many Harmonic (HLIT) shares did the CFO acquire in this Form 4?

The CFO acquired 45,273 shares of Harmonic common stock through derivative exercises at a stated price of $0.00 per share. These shares came from restricted stock units that each represent a contingent right to receive one share of HLIT common stock.

What was the tax-withholding share disposition reported for Harmonic (HLIT)?

The filing shows a disposition of 16,456 shares of Harmonic common stock at $10.68 per share in a tax-withholding transaction. This code F transaction satisfied tax obligations tied to equity awards rather than representing an open-market sale by the CFO.

What is the Harmonic (HLIT) CFO’s direct share ownership after these transactions?

Following the reported equity award exercises and tax-withholding disposition, the Harmonic Chief Financial Officer directly owned 136,289 shares of the company’s common stock. This figure reflects his updated direct holdings after all Form 4 transactions on February 15, 2026.

How do Harmonic (HLIT) restricted stock units work in this insider filing?

Each restricted stock unit reported in the filing represents a contingent right to receive one share of Harmonic common stock. When these units are exercised or converted, they deliver common shares to the holder, often accompanied by separate tax-withholding share dispositions.