{"url_path":"/sec/hlit/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/851310/0001193125-26-221899-index.html","accession_number":"0001193125-26-221899","cik":"0000851310","ticker":"HLIT","issuer_name":"HARMONIC INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/851310/0001193125-26-221899-index.html","primary_entity_key":"0000851310","primary_entity_name":"HARMONIC INC."},"word_count":377,"has_tables":true,"body_markdown":"ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS\n\nIssuer Purchases of Equity Securities\n\nThe Company is authorized to repurchase, from time to time, shares of its outstanding common stock through open market purchases and 10b5-1 trading plans, in accordance with applicable rules and regulations, at such time and such prices as management may decide. The program does not obligate the Company to repurchase any specific number of shares and may be discontinued at any time. The actual timing and amount of repurchases are subject to business and market conditions, corporate and regulatory requirements, stock price, acquisition opportunities and other factors. As of April 3, 2026, approximately $78.0 million of the share repurchase authorization remained available.\n\n46\n\n[Table of Contents](#section2)\n\nThe following table summarizes the repurchase activities for the three months ended April 3, 2026.\n\n \n\nPeriod\n\n \n\nTotal Number of\nShares Purchased\n\n \n\nAverage Price Paid\nper Share (1)\n\n \n\nTotal Number of\nShares Purchased\nas Part of Publicly\nAnnounced Plans\nor Programs\n\n \n\nApproximate Dollar\nValue of Shares\nthat May Yet Be\nPurchased Under\nPublicly\nAnnounced Plan or\nProgram\n(in millions)\n\nJanuary 1, 2026 - January 30, 2026\n\n \n\n \n\n2,138,959\n\n \n\n $\n\n10.19\n\n \n\n \n\n2,138,959\n\n \n\n $\n\n99.2\n\nJanuary 31, 2026 - February 27, 2026\n\n \n\n \n\n389,400\n\n \n\n $\n\n10.59\n\n \n\n \n\n389,400\n\n \n\n $\n\n95.1\n\nFebruary 28, 2026 - April 3, 2026\n\n \n\n \n\n1,692,380\n\n \n\n $\n\n10.06\n\n \n\n \n\n1,692,380\n\n \n\n $\n\n78.0\n\nTotal\n\n \n\n \n\n4,220,739\n\n \n\n \n\n \n\n \n\n \n\n4,220,739\n\n \n\n \n\n \n\n(1) Average price paid per share in the period includes commission. In February 2022, the Board of Directors authorized the Company to repurchase up to $100 million of the Company’s outstanding shares of common stock through February 2025. This authorization was terminated by the Board of Directors in February 2025 with $35.2 million of repurchases effectuated. In connection with the termination of the existing program, the Board of Directors authorized a new repurchase program for the Company to repurchase up to $200 million of the Company’s outstanding shares of common stock through February 2028.\n\nDuring the quarter ended April 3, 2026, we paid approximately $3.9 million in employee withholding taxes due upon the vesting of net settled equity awards. We withheld approximately 385,156 shares of common stock from employees in connection with such net share settlement at an average price of $10.22 per share. These shares may be deemed to be “issuer purchases” of shares."}