Neven Haltmayer - Feb 15, 2024 Form 4 Insider Report for HARMONIC INC (HLIT)

Role
SVP, Video R&D
Signature
/s/ Wendi Ninh, Attorney-in-Fact
Stock symbol
HLIT
Transactions as of
Feb 15, 2024
Transactions value $
-$258,541
Form type
4
Date filed
2/20/2024, 09:48 PM
Previous filing
Mar 6, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLIT Common Stock Options Exercise $0 +34.7K +18.2% $0.00 225K Feb 15, 2024 Direct
transaction HLIT Common Stock Tax liability -$259K -18.9K -8.39% $13.67 207K Feb 15, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HLIT Restricted Stock Units Options Exercise $0 -7.45K -100% $0.00* 0 Feb 15, 2024 Common Stock 7.45K $0.00 Direct F1
transaction HLIT Restricted Stock Units Options Exercise $0 -6.4K -20% $0.00 25.6K Feb 15, 2024 Common Stock 6.4K $0.00 Direct F1
transaction HLIT Restricted Stock Units Options Exercise $0 -667 -16.67% $0.00 3.33K Feb 15, 2024 Common Stock 667 $0.00 Direct F1
transaction HLIT Restricted Stock Units Options Exercise $0 -20.2K -33.33% $0.00 40.4K Feb 15, 2024 Common Stock 20.2K $0.00 Direct F1
transaction HLIT Restricted Stock Units Award $0 +70.2K $0.00 70.2K Feb 16, 2024 Common Stock 70.2K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
F2 One third (33.33%) of the Shares subject to the Restricted Stock Units are scheduled to vest on 2/15/2025, and approximately 8.33% of the remaining Restricted Stock Units will vest each three months thereafter, so as to be 100% vested on the third anniversary of the RSU Vesting Commencement Date.