Nicholas Walden - 05 Apr 2024 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 Apr 2024
Net transactions value
-$63,516
Form type
4
Filing time
08 Apr 2024, 21:38:39 UTC
Previous filing
12 Mar 2024
Next filing
14 May 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 +26,251 +23% $0.000000 140,033 05 Apr 2024 Direct
transaction INFN Common Stock Tax liability $63,516 -10,951 -7.8% $5.80 129,082 05 Apr 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 -4,584 -100% $0.000000* 0 05 Apr 2024 Common Stock 4,584 Direct F2, F3
transaction INFN Restricted Stock Units Options Exercise $0 -21,667 -33% $0.000000 43,333 05 Apr 2024 Common Stock 21,667 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 ("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 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 65,000 shares, vest as to one-third of the shares on the one-year anniversary of the April 5, 2023 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.