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

Role: SVP, Worldwide Sales
Signature: /s/ Nicholas Janof, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 05 Oct 2022
Net transactions value: -$11,686
Form type: 4
Filing time: 07 Oct 2022, 21:33:47 UTC
Previous filing: 08 Aug 2022
Next filing: 07 Nov 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	+5,496	+9.2%	$0.000000	65,317	05 Oct 2022	Direct
transaction	INFN	Common Stock	Tax liability	$11,686	-2,164	-3.3%	$5.40	63,153	05 Oct 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	-4,583	-14%	$0.000000	27,501	05 Oct 2022	Common Stock	4,583		Direct	F2, F3
transaction	INFN	Restricted Stock Units	Options Exercise	$0	-913	-33%	$0.000000	1,825	05 Oct 2022	Common Stock	913		Direct	F2, F4

* 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, originally for a total of 55,000 shares, vest as to one-third of the shares on the one-year anniversary of the April 5, 2021 vesting commencement date, and 1/12th of the shares vest quarterly thereafter, subject to Mr. Walden's continued service to the Company through each applicable vesting date.
F4	These RSUs, originally for a total of 7,300 shares, vest as to one-half of the shares on the one-year anniversary of the April 5, 2021 vesting commencement date, and 1/8th of the shares vest quarterly thereafter, subject to Mr. Walden's continued service to the Company through each applicable vesting date.