DAVID W. HEARD - 05 Mar 2024 Form 4 Insider Report for Infinera Corp

Role: Chief Executive Officer, Director
Signature: /s/ Nicholas Janof, by Power of Attorney
Issuer symbol: N/A
Transactions as of: 05 Mar 2024
Net transactions value: -$38,846
Form type: 4
Filing time: 06 Mar 2024, 19:36:29 UTC
Previous filing: 08 Jan 2024
Next filing: 12 Mar 2024
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	+19,259	+2.3%	$0.000000	848,747	05 Mar 2024	Direct
transaction	INFN	Common Stock	Tax liability	$38,846	-7,543	-0.89%	$5.15	841,204	05 Mar 2024	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	-19,259	-20%	$0.000000	77,037	05 Mar 2024	Common Stock	19,259		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 ("RSUs").
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 231,111 shares, vest as to one-third of the shares on the one-year anniversary of the March 5, 2022 vesting commencement date, and 1/12th of the shares vest quarterly thereafter, subject to Mr. Heard's continued service to the Company through each applicable vesting date.