Form 4: InterDigital CFO Sells Over 11,000 Shares in Pre-Planned Trades

InterDigital's Chief Financial Officer, Richard Brezski, executed pre-planned sales of 11,983 shares of common stock on January 5 and 6, 2026, under a Rule 10b5-1 trading plan.

Summary

• Richard Brezski, Chief Financial Officer of InterDigital, Inc. (IDCC), sold a total of 11,983 shares of common stock.
• The sales occurred on January 5, 2026, and January 6, 2026, with weighted average prices ranging from $300.91 to $335.10 per share.
• All transactions were executed under a Rule 10b5-1 trading plan adopted on September 26, 2025.
• Following these transactions, Brezski directly beneficially owns 78,372.0002 shares and indirectly owns 1,946 shares through a 401k Plan.

Sentiment

Score: 5

Explanation: The transactions are routine insider sales executed under a pre-arranged Rule 10b5-1 trading plan, which typically does not reflect a change in management's immediate sentiment regarding the company's prospects.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating they were not a reaction to recent negative company developments.
• The sales occurred at relatively high prices, with weighted averages ranging up to $335.10 per share.

Negatives

• A significant number of shares (11,983) were sold by a key executive (CFO), which could be perceived negatively by some investors.
• The total value of shares sold is substantial, indicating a reduction in the CFO's direct equity exposure.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may perceive the sales as a slight negative due to reduced insider ownership, but the 10b5-1 plan mitigates concerns about immediate negative sentiment.

Key Dates

Recommendation

The insider sales by the CFO were conducted under a pre-established Rule 10b5-1 trading plan, which suggests the transactions are part of routine personal financial planning rather than a reflection of new material information about the company's performance or outlook. Therefore, this filing alone does not provide sufficient grounds to alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

InterDigital, IDCC, Richard Brezski, CFO, Insider Trading, Form 4, Stock Sale, Rule 10b5-1, Beneficial Ownership