Dev Indraneel 4

What Happened

• Dev Indraneel, a director of Harmonic Inc. (HLIT), received an award of 18,756 restricted stock units (RSUs) on March 16, 2026. The grant is reported as an acquisition at $0.00 (award/derivative); no immediate cash value or share issuance was reported in the filing. RSUs convert into shares only upon vesting or other settlement events.

Key Details

• Transaction date: 2026-03-16; transaction type: Award/Grant (reported as acquisition, code A).
• Number of RSUs granted: 18,756; reported acquisition price: $0.00 (award).
• Shares owned after transaction: Not specified in the Form 4 provided.
• Vesting/settlement terms (from footnotes): Each RSU equals a contingent right to one HLIT share. The RSUs are scheduled to vest in full on February 15, 2027. Vested RSUs will be settled in shares within 60 days following the earliest of (i) a change in control, (ii) the director’s separation from service, or (iii) the director’s death.
• Filing timeliness: Report filed March 18, 2026 for a transaction dated March 16, 2026 (appears timely).

Context

• RSU grants are a form of deferred compensation, not an immediate purchase of shares. They carry no voting rights or dividends until settled into actual shares and can be forfeited if vesting conditions aren’t met. This report documents a grant rather than a market purchase or sale and does not, by itself, indicate buying or selling sentiment.