A Harmonic Director Sold 4,300 Company Shares. What Does That Mean for Investors?

1 hour ago 2

Robert Izquierdo, The Motley Fool

Wed, May 20, 2026 astatine 9:04 AM CDT 4 min read

On May 14, 2026, Director Stephanie Copeland reported the merchantability of 4,300 shares of Harmonic (NASDAQ:HLIT) communal banal successful an open-market transaction, arsenic disclosed successful an SEC Form 4 filing.

Transaction summary

Metric

Value

Shares sold (direct)

4,300

Transaction value

$57,211.50

Post-transaction shares (direct)

20,752

Post-transaction worth (direct ownership)

~$276,000

Transaction and post-transaction worth based connected SEC Form 4 reported terms ($13.31).

Key questions

  • How worldly was this merchantability comparative to Copeland's full ownership?
    This transaction reduced Copeland's nonstop holdings by 17.16%, leaving her with 20,752 shares and nary indirect oregon derivative interests reported arsenic of the filing.

  • What was the discourse for this commercialized successful presumption of humanities activity?
    This is the archetypal merchantability lawsuit by Copeland implicit the past 2 years, with erstwhile filings constricted to administrative changes and nary anterior open-market dispositions reported since astatine slightest June 2024.

  • Did the merchantability terms bespeak prevailing marketplace conditions connected the transaction date?
    The shares were sold astatine $13.30, which was somewhat beneath the May 14, 2026 closing terms of $13.34, and astir 6.6% supra the closing stock terms of $12.48 connected May 18, 2026.

  • Does Copeland support a meaningful equity presumption post-sale?
    Following this transaction, Copeland continues to clasp 20,752 shares directly, representing a residual presumption valued astatine ~$276,000.

Company overview

Metric

Value

Revenue (TTM)

$397.3 million

Net income (TTM)

($41.94 million)

Employees

901

1-year terms change

39.00%

* 1-year show calculated utilizing May 14, 2026 arsenic the notation date.

Company snapshot

  • Harmonic provides video transportation software, video processing appliances, SaaS streaming solutions, and cloud-based broadband entree systems for broadcast, cable, satellite, and streaming media companies.

  • It generates gross chiefly done the merchantability of hardware, software, and SaaS solutions, arsenic good arsenic method enactment and nonrecreational services.

  • The institution serves cablegram operators, Pay-TV work providers, broadcasters, and streaming media companies worldwide.

Harmonic is simply a exertion institution specializing successful video transportation and broadband entree solutions, with a planetary lawsuit basal and a absorption connected some hardware and cloud-based services.

The institution leverages its expertise successful video processing and streaming technologies to enactment the evolving needs of media and telecommunications clients. Harmonic's integrated attack and divers merchandise offerings presumption it arsenic a cardinal enabler successful the modulation to next-generation video and broadband transportation platforms.

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