Form 4: Harmonic Inc. Executive Timothy C Chu Reports Stock Transactions
SEC Form 4 Filing
General Counsel & SVP, HR of Harmonic Inc., Timothy C Chu, reports the disposition of common stock and restricted stock units on May 15, 2025.
Summary
- On May 15, 2025, Timothy C Chu, General Counsel & SVP, HR of Harmonic Inc. (HLIT), reported transactions involving Harmonic Inc. common stock and restricted stock units.
- Chu disposed of 3,968 shares of common stock at a price of $9.6 per share.
- Chu also disposed of 11,276 shares of common stock related to the vesting of restricted stock units.
- Following these transactions, Chu directly owns 104,839 shares of Harmonic Inc. common stock.
- Chu also disposed of 5,223 and 6,053 restricted stock units, leaving him with 15,669 and 42,373 restricted stock units respectively.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about the insider's trading activity.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value.
Stakeholder Impact
- Shareholders may use this information to understand insider sentiment and potential motivations behind stock transactions.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Date exercisable for 5,223 Restricted Stock Units |
| 02/15/2025 | Date exercisable for 6,053 Restricted Stock Units |
| 02/15/2026 | Expiration date for 5,223 Restricted Stock Units |
| 02/15/2027 | Expiration date for 6,053 Restricted Stock Units |
| 05/15/2025 | Date of stock and restricted stock units transactions |
| 05/19/2025 | Date of Form 4 signature |
Keywords
Form 4, Harmonic Inc, HLIT, Stock Transaction, Restricted Stock Units, Beneficial Ownership, Executive Compensation, Timothy C Chu
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