Ben-Natan Nimrod 4

What Happened

Nimrod Ben‑Natan, President, CEO and a director of Harmonic Inc. (HLIT), received a grant of 281,343 restricted stock units (RSUs) on 2026-03-16. The grant is reported as a derivative award at $0.00 per unit (i.e., an RSU award, not a market purchase or sale). There was no cash exchanged at grant; the RSUs are a contingent right to receive HLIT common stock if and when they vest.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (reporting period 2026-03-16).
• Grant: 281,343 RSUs @ $0.00 (derivative award).
• Footnote F1: Each RSU entitles the holder to one share of HLIT common stock upon vesting.
• Footnote F2: Vesting schedule — 33.33% vests on 2/15/2027; thereafter ~8.33% vests every three months until fully vested on the third anniversary of the RSU vesting commencement date.
• Shares owned after the transaction: not disclosed in the excerpt provided.
• Transaction code: A (award/grant). Not reported as a sale or purchase; no immediate liquidity event.

Context

RSU awards are common executive compensation/retention tools and do not represent an open‑market buy signal because the recipient does not acquire tradable shares until RSUs vest. This grant increases potential future share issuance as units vest, but it does not immediately change the CEO’s public share ownership until conversion. The filing appears timely (filed two days after the grant date).