Michael H. Fernicola - Aug 15, 2023 Form 4 Insider Report for Infinera Corp (INFN)

Role
Chief Accounting Officer
Signature
/s/ Nicholas Janof, by Power of Attorney
Stock symbol
INFN
Transactions as of
Aug 15, 2023
Transactions value $
$45,058
Form type
4
Date filed
8/17/2023, 06:17 PM
Previous filing
Jul 7, 2023
Next filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INFN Common Stock Award $3.71K +1.04K +1.04% $3.56 101K Aug 15, 2023 Direct F1, F2
transaction INFN Common Stock Purchase $25.4K +6.5K +6.43% $3.90 108K Aug 16, 2023 Direct
transaction INFN Common Stock Purchase $16K +4K +3.72% $4.00 112K Aug 17, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2007 Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of February 16, 2023 through August 15, 2023. This transaction is exempt under Rule 16b-3(c).
F2 In accordance with the provisions of the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on August 15, 2023, which was the last trading day of the applicable offering period. The closing price on August 15, 2023 was $4.19.