Ben-Natan Nimrod 4

What Happened

• Ben-Natan Nimrod, President, CEO and a director of Harmonic Inc. (HLIT), reported the exercise/conversion of derivative securities on 2026-03-11. The filing shows 20,032 shares were acquired at $0.00 and 20,032 derivative securities were disposed of at $0.00, indicating conversion of restricted stock units (RSUs) into common shares. The transaction shows no cash consideration in the Form 4.

Key Details

• Transaction date: 2026-03-11 (Form 4 filed 2026-03-13)
• Transaction code: M (exercise or conversion of derivative security)
• Shares acquired: 20,032 common shares at $0.00
• Derivative disposed: 20,032 (converted) at $0.00
• Shares owned after transaction: not disclosed in the provided filing details
• Footnote: F1 — each restricted stock unit (RSU) represents a contingent right to receive one share of HLIT common stock
• Filing timeliness: Filed two days after the transaction date (appears timely under typical two-business-day reporting requirements)

Context

• The filing indicates a conversion of RSUs into common shares (code M). This is not an open-market purchase or a sale; it typically reflects vesting/settlement of previously granted awards. No cash was paid per the Form 4, and no immediate sale of the shares is reported here. Retail investors may check HLIT’s market price on 2026-03-11 to estimate the economic value received from the conversion.