Form 4: InterDigital CLO Sells Shares Under 10b5-1 Plan
Insider Transaction Report
InterDigital's Chief Legal Officer and Corporate Secretary, Joshua D. Schmidt, sold 466 shares of common stock for $395.63 per share under a pre-arranged 10b5-1 trading plan.
Summary
- Joshua D. Schmidt, InterDigital's CLO & Corp Secretary, reported a sale of common stock.
- The transaction involved the disposition of 466 shares of InterDigital common stock.
- The shares were sold at a price of $395.63 per share.
- The sale occurred on October 31, 2025.
- Following the transaction, Schmidt beneficially owns 27,927.9139 shares of common stock.
- The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on March 31, 2025.
Sentiment
Score: 5
Explanation: This is a routine insider transaction filed under a pre-arranged 10b5-1 trading plan, indicating a neutral impact on company sentiment as it does not reflect new information about company performance or outlook.
Stakeholder Impact
- Minimal impact on shareholders as this is a small, pre-planned insider sale and does not indicate a change in company fundamentals or strategy.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date Rule 10b5-1 trading plan was adopted. |
| 10/31/2025 | Date of the reported transaction (sale of common stock). |
| 11/04/2025 | Date the Form 4 was signed and filed. |
Keywords
InterDigital, IDCC, Form 4, Insider Trading, Stock Sale, Joshua D. Schmidt, 10b5-1 Plan, Corporate Secretary, Chief Legal Officer
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