Jankovic Walter 4

What Happened Walter Jankovic, Chief Financial Officer of Harmonic Inc. (HLIT), had 1,457 restricted stock units (RSUs) convert into common shares on March 11, 2026. Of those, 513 shares were withheld to cover tax withholding at a price of $9.34 per share, generating $4,791 in tax withholding; the remaining 944 shares were delivered to Jankovic. This was not an open-market purchase or sale but a routine vesting/conversion of derivative awards.

Key Details

• Transaction date: 2026-03-11; Filing date: 2026-03-13 (timely Form 4 filing).
• Conversion: 1,457 RSUs converted to 1,457 common shares (transaction code M).
• Tax withholding: 513 shares withheld/disposed at $9.34/share for $4,791 (transaction code F).
• Net shares delivered to insider: 944 (1,457 vested − 513 withheld).
• Footnote: F1 — each restricted stock unit represents a contingent right to one share of HLIT common stock.
• The filing shows conversion of the derivative awards and the withholding to satisfy tax obligations; it does not indicate an open-market sale or purchase.

Context This is a common—often routine—insider event: RSUs vest and are converted into shares, with a portion withheld to cover taxes (a net settlement). Such transactions reflect compensation vesting and do not necessarily signal buying or selling intent by the insider.