Nicholas Walden - 05 Feb 2022 Form 4 Insider Report for Infinera Corp

Role: SVP, Worldwide Sales
Signature: /s/ Michael Hopp, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 05 Feb 2022
Net transactions value: -$18,199
Form type: 4
Filing time: 07 Feb 2022, 16:26:04 UTC
Previous filing: 07 Jan 2022
Next filing: 23 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INFN	Common Stock	Options Exercise	$0	+3,925	+12%	$0.000000	36,611	05 Feb 2022	Direct
transaction	INFN	Common Stock	Tax liability	$18,199	-2,198	-6%	$8.28	34,413	05 Feb 2022	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	-3,925	-20%	$0.000000	15,700	05 Feb 2022	Common Stock	3,925		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 February 5, 2020, and 1/12th quarterly thereafter, subject to Mr. Walden's continued service to the Company.