Form 4: InterDigital CLO Joshua D. Schmidt Sells Shares Under 10b5-1 Trading Plan

Joshua D. Schmidt, CLO & Corporate Secretary of InterDigital, Inc., sold shares of common stock on March 19, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Joshua D. Schmidt, the CLO & Corporate Secretary of InterDigital, Inc., reported the sale of InterDigital common stock on March 19, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on May 22, 2024.
• A total of 359 shares were sold at a weighted average price of $216.9, with individual prices ranging from $216.53 to $217.16.
• An additional 1,230 shares were sold at a weighted average price of $218.17, with prices ranging from $217.72 to $218.59.
• Finally, 192 shares were sold at a weighted average price of $218.99, with prices ranging from $218.88 to $219.16.
• Following these transactions, Schmidt directly owns 24,395.3573 shares of InterDigital common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Sales by company insiders are a common occurrence and are often executed under pre-arranged trading plans like Rule 10b5-1 to avoid accusations of insider trading. The market typically views these sales in the context of the individual's overall holdings and the reasons behind the trading plan.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates

Keywords

InterDigital, IDCC, Form 4, Insider Trading, Joshua D. Schmidt, Rule 10b5-1, Stock Sale, CLO, Corporate Secretary