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

Role: SVP, Worldwide Sales
Signature: /s/ David L. Teichmann, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 05 Aug 2022
Net transactions value: -$7,787
Form type: 4
Filing time: 08 Aug 2022, 19:51:30 UTC
Previous filing: 07 Jul 2022
Next filing: 07 Oct 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	+6.8%	$0.000000	61,366	05 Aug 2022	Direct
transaction	INFN	Common Stock	Tax liability	$7,787	-1,545	-2.5%	$5.04	59,821	05 Aug 2022	Direct	F1

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	-33%	$0.000000	7,850	05 Aug 2022	Common Stock	3,925		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Represents shares that have been withheld by Infinera Corporation (the "Company") to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units ("RSU").
F2	Each RSU represents a contingent right to receive one share of common stock of the Company.
F3	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.