Harmonic (NASDAQ: HLIT) CEO exercises RSUs, lifts direct stake to 727,949 shares
Rhea-AI Filing Summary
HARMONIC INC. (HLIT) reported that President and CEO Nimrod Ben-Natan exercised previously granted Restricted Stock Units, converting them into 26,196 shares of common stock on August 15, 2026 at an exercise price of $0.00 per share. Following this transaction, he directly holds 727,949 shares of Harmonic common stock. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 26,196 shares
Net Buy
3 txns
Insider
Ben-Natan Nimrod
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 6,726 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1 | 19,470 | $0.00 | $0.00 |
| Exercise | Common Stock | 26,196 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 130,274 shares (Direct);
Common Stock — 727,949 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
Key Figures
RSUs Exercised (underlying shares): 26,196 shares
Common shares acquired: 26,196 shares
Holdings after transaction: 727,949 shares
+3 more
6 metrics
RSUs Exercised (underlying shares)
26,196 shares
Total underlying common shares from RSU exercises reported on August 15, 2026
Common shares acquired
26,196 shares
Common Stock reported as acquired via derivative exercise on August 15, 2026
Holdings after transaction
727,949 shares
Directly held Harmonic common stock by CEO after the August 15, 2026 transaction
First RSU grant underlying shares
6,726 shares
Restricted Stock Units exercised with an exercise date of February 15, 2025
Second RSU grant underlying shares
19,470 shares
Restricted Stock Units exercised with an exercise date of February 15, 2026
RSU exercise price
$0.00 per share
Conversion or exercise price for the Restricted Stock Units into common stock
Key Terms
Restricted Stock Units, derivative security, contingent right
3 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
"transaction_code_description" : "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.
contingent right financial
"represents a contingent right to receive one share of HLIT common stock"
FAQ
What insider transaction did HLIT report for CEO Nimrod Ben-Natan?
Harmonic Inc. reported that CEO Nimrod Ben-Natan exercised Restricted Stock Units into 26,196 shares of common stock on August 15, 2026, at an exercise price of $0.00 per share, increasing his directly held common shares.
What type of securities did the HLIT CEO exercise in this Form 4 filing?
The CEO exercised Restricted Stock Units (RSUs), which are derivative securities. Each restricted stock unit represents a contingent right to receive one share of Harmonic (HLIT) common stock upon vesting and settlement conditions being satisfied.
Were the exercised HLIT Restricted Stock Units subject to a cash exercise price?
No, the exercised Restricted Stock Units converted into 26,196 common shares at an exercise price of $0.00 per share. This reflects a typical equity-settled RSU structure, where units settle in shares rather than requiring a cash payment.
Does the HLIT Form 4 indicate trades under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not checked, and no footnote describes a 10b5-1 plan. The filing therefore does not state that these RSU exercises occurred pursuant to a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
