Paul J. Milbury - May 18, 2023 Form 4 Insider Report for Infinera Corp (INFN)

Role: Director
Signature: /s/ Nicholas Janof, by Power of Attorney
Stock symbol: INFN
Transactions as of: May 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/19/2023, 06:17 PM
Previous filing: Jun 27, 2022
Next filing: Jun 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INFN	Common Stock	Options Exercise	$0	+35.3K	+29.84%	$0.00	153K	May 18, 2023	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	-35.3K	-100%	$0.00^*	0	May 18, 2023	Common Stock	35.3K		Direct	F1, F2
transaction	INFN	Restricted Stock Units	Award	$0	+39.4K		$0.00	39.4K	May 18, 2023	Common Stock	39.4K		Direct	F1, F3

* 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 have a vesting commencement date of May 19, 2022 and vest on the earlier of the date of the next annual meeting of stockholders or the one-year anniversary of the date of grant, subject to Mr. Milbury's continued service to the Company.
F3	These RSUs have a vesting commencement date of May 18, 2023 and vest on the earlier of the date of the next annual meeting of stockholders or the one-year anniversary of the date of grant, subject to Mr. Milbury's continued service to the Company.