David Teichmann - Jun 5, 2021 Form 4 Insider Report for Infinera Corp (INFN)

Role: Chief Legal Officer
Signature: /s/ Michael Hopp, by Power of Attorney
Stock symbol: INFN
Transactions as of: Jun 5, 2021
Transactions value $: -$28,989
Form type: 4
Date filed: 6/8/2021, 07:20 PM
Next filing: Sep 8, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INFN	Common Stock	Options Exercise	$0	+5.71K	+6.64%	$0.00	91.7K	Jun 5, 2021	Direct
transaction	INFN	Common Stock	Tax liability	-$29K	-2.83K	-3.09%	$10.24	88.9K	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	-5.71K	-12.5%	$0.00	40K	Jun 5, 2021	Common Stock	45.7K		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 Mr. Teichmann's continued service to the Company through each applicable vesting date.