Form 4: InterDigital CEO Sells Shares Under 10b5-1 Plan

InterDigital's President and CEO, Lawrence Liren Chen, sold 5,950 shares of common stock in two transactions in January 2026 under a pre-arranged 10b5-1 trading plan.

Summary

• Lawrence Liren Chen, President and CEO, and a Director of InterDigital, Inc. (IDCC), reported sales of common stock.
• A total of 5,950 shares of common stock were sold in two separate transactions.
• On January 20, 2026, 2,975 shares were sold at a price of $303.77 per share.
• On January 21, 2026, an additional 2,975 shares were sold at a price of $326.71 per share.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted on September 29, 2025.
• Following these transactions, Lawrence Liren Chen directly beneficially owns 159,035.008 shares of InterDigital common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 trading plan, which is generally considered a neutral event as it does not typically signal new information about the company's performance or outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This insider transaction report (Form 4) details a routine, pre-scheduled sale of shares by a senior executive, which is a common occurrence across industries for personal financial planning and diversification. It does not provide information related to broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive, while pre-planned, slightly reduces the executive's direct ownership stake. However, due to the 10b5-1 plan, it is unlikely to be interpreted as a negative signal regarding company prospects.

Key Dates

Keywords

InterDigital, IDCC, Insider Trading, Stock Sale, 10b5-1 Plan, Lawrence Liren Chen, CEO, Director