David Teichmann - 05 Apr 2024 Form 4 Insider Report for Infinera Corp

Reporting relationship: Chief Legal Officer
Issuer ticker: N/A
Reported as of: 05 Apr 2024
Net transaction value: -$48,389
SEC form: 4
Accepted by SEC: 08 Apr 2024, 21:38:54 UTC
Prior SEC filing: 12 Mar 2024
Next SEC filing: 14 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Nicholas Janof, by Power of Attorney

Key filing fact

David Teichmann filed Form 4 for Infinera Corp on 08 Apr 2024.

Key facts

This page summarizes David Teichmann's Form 4 filing for Infinera Corp.
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 08 Apr 2024, 21:38.

Change

Previous filing in this sequence was filed on 12 Mar 2024.
Current net transaction value: -$48,389.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

INFN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +23,334
Change %: +9.1%
Price: $0.000000
Shares after: 281,083
Date: 05 Apr 2024
Ownership: Direct

INFN transaction

Common Stock

Tax liability

Transaction value: $48,389
Shares: -8,343
Change %: -3%
Price: $5.80
Shares after: 272,740
Date: 05 Apr 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

INFN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -4,167
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 05 Apr 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,167
Exercise price
Footnotes: F2, F3

INFN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -19,167
Change %: -33%
Price: $0.000000
Shares after: 38,333
Date: 05 Apr 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 19,167
Exercise price
Footnotes: F2, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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").

Footnote F2

Each RSU represents a contingent right to receive one share of common stock of the Company.

Footnote F3

These RSUs, originally for a total of 50,000 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. Teichmann's continued service to the Company through each applicable vesting date.

Footnote F4

These RSUs, originally for a total of 57,500 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. Teichmann's continued service to the Company through each applicable vesting date.