Harmonic Inc. (NASDAQ:HLIT – Get Rating) shares traded down 7.8% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $13.86 and last traded at $13.86. 18,836 shares changed hands during trading, a decline of 98% from the average session volume of 1,013,662 shares. The stock had previously closed at $15.03.Specifically, CEO Patrick Harshman sold 150,000 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $12.00, for a total value of $1,800,000.00. Following the sale, the chief executive officer now directly owns 428,173 shares of the company’s stock, valued at approximately $5,138,076. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Harmonic news, SVP Nimrod Ben-Natan sold 149,835 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $14.07, for a total value of $2,108,178.45. Following the transaction, the senior vice president now directly owns 298,576 shares of the company’s stock, valued at approximately $4,200,964.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick Harshman sold 150,000 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $12.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief executive officer now directly owns 428,173 shares in the company, valued at $5,138,076. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 380,822 shares of company stock valued at $5,103,390. 3.50% of the stock is owned by company insiders.