Nancy Erba - Jun 5, 2021 Form 4 Insider Report for Infinera Corp (INFN)

Role: Chief Financial Officer
Signature: /s/ Michael Hopp, by Power of Attorney
Stock symbol: INFN
Transactions as of: Jun 5, 2021
Transactions value $: -$32,788
Form type: 4
Date filed: 6/8/2021, 07:16 PM
Next filing: Jul 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INFN	Common Stock	Options Exercise	$0	+6.46K	+5.98%	$0.00	115K	Jun 5, 2021	Direct
transaction	INFN	Common Stock	Tax liability	-$32.8K	-3.2K	-2.8%	$10.24	111K	Jun 5, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	INFN	Restricted Stock Units	Options Exercise	$0	-6.46K	-12.5%	$0.00	45.2K	Jun 5, 2021	Common Stock	51.7K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation (the "Company")
F2	These RSUs vest as to one-third of the shares on the one year anniversary of the vesting commencement date, which is March 5, 2020, and 1/12th quarterly thereafter, subject to Ms. Erba's continued service to the Company through each applicable vesting date.