Form 4: Harmonic Inc. CEO Nimrod Ben-Natan Reports Stock Transactions
SEC Form 4 Filing
Harmonic Inc.'s CEO, Nimrod Ben-Natan, reported the vesting and subsequent disposal of restricted stock units on February 15, 2025.
Summary
- On February 15, 2025, Nimrod Ben-Natan, the President and CEO of Harmonic Inc. (HLIT), reported transactions involving restricted stock units.
- These transactions involved the vesting of 39,504 restricted stock units, which were then disposed of.
- Following these transactions, Ben-Natan directly owns 387,301 shares of Harmonic Inc. common stock.
- The reported transactions were executed pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding insider transactions, allowing investors to monitor the buying and selling activities of company executives and directors.
Stakeholder Impact
- Shareholders can use this information to understand executive compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/15/2023 | Date exercisable for 6,798 Restricted Stock Units |
| 02/15/2024 | Date exercisable for 5,803 Restricted Stock Units |
| 02/15/2025 | Date of earliest transaction; vesting and disposal of restricted stock units; Date exercisable for 26,903 Restricted Stock Units; Expiration date for 6,798 Restricted Stock Units |
| 02/15/2026 | Expiration date for 5,803 Restricted Stock Units |
| 02/15/2027 | Expiration date for 26,903 Restricted Stock Units |
| 02/19/2025 | Date of signature for the Form 4 filing |
Keywords
Harmonic Inc, HLIT, Nimrod Ben-Natan, Form 4, SEC Filing, Stock Transactions, Restricted Stock Units, Beneficial Ownership, Insider Trading
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