David Teichmann - 05 Dec 2021 Form 4 Insider Report for Infinera Corp (INFN)

Role: Chief Legal Officer
Signature: /s/ Michael Hopp, by Power of Attorney
Issuer symbol: INFN
Transactions as of: 05 Dec 2021
Transactions value $: -$22,846
Form type: 4
Filing time: 07 Dec 2021, 19:26:20
Previous filing: 06 Oct 2021
Next filing: 07 Jan 2022
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	+5.71K	+4.72%	$0.00	127K	05 Dec 2021	Direct
transaction	INFN	Common Stock	Tax liability	-$22.8K	-2.83K	-2.24%	$8.07	124K	05 Dec 2021	Direct

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	-5.71K	-16.67%	$0.00	28.5K	05 Dec 2021	Common Stock	34.3K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Infinera Corporation (the "Company").
F2	These RSUs vest as to one-third of the shares on the one year anniversary of the vesting commencement date, which is March 5, 2020, and 1/12th quarterly thereafter, subject to Mr. Teichmann's continued service to the Company through each applicable vesting date.