David W. Heard - Oct 5, 2024 Form 4 Insider Report for Infinera Corp (INFN)

Role: Chief Executive Officer, Director
Signature: /s/ Nicholas Janof, by Power of Attorney
Stock symbol: INFN
Transactions as of: Oct 5, 2024
Transactions value $: -$76,349
Form type: 4
Date filed: 10/8/2024, 05:14 PM
Previous filing: Sep 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INFN	Common Stock	Options Exercise	$0	+28.1K	+2.67%	$0.00	1.08M	Oct 5, 2024	Direct
transaction	INFN	Common Stock	Tax liability	-$76.3K	-11.3K	-1.05%	$6.75	1.07M	Oct 5, 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	-28.1K	-14.29%	$0.00	169K	Oct 5, 2024	Common Stock	28.1K		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 337,500 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. Heard's continued service to the Company through each applicable vesting date.