Form 4: InterDigital CFO Richard Brezski Sells Shares Under 10b5-1 Trading Plan

InterDigital's CFO, Richard Brezski, executed multiple sales of common stock between February 18 and February 19, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Richard Brezski, the CFO of InterDigital, Inc., sold shares of the company's common stock on February 18 and 19, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 14, 2024.
• On February 18, 2025, Brezski sold a total of 9,602 shares in multiple transactions at weighted average prices ranging from $214.15 to $216.89.
• On February 19, 2025, he sold an additional 8,678 shares at weighted average prices ranging from $214.62 to $216.65.
• Following these transactions, Brezski directly owns 93,876.7297 shares of InterDigital common stock.
• He also indirectly owns 1,957 shares through the InterDigital Savings and Protection Plan (401k).
• The reporting person has undertaken to provide the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies.
• The legality of these sales hinges on compliance with SEC regulations, particularly Rule 10b5-1, which allows insiders to establish pre-arranged trading plans when they do not possess material non-public information.
• Companies like Qualcomm, Ericsson, and Nokia, which operate in similar technology sectors, also see regular Form 4 filings from their executives.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates concerns about insider trading.
• The impact on employees, customers, suppliers, and creditors is likely to be negligible.

Key Dates

Keywords

InterDigital, IDCC, Richard Brezski, CFO, stock sale, Form 4, Rule 10b5-1, insider trading