Form 4: InterDigital CLO Sells Shares Under 10b5-1 Plan
Insider Transaction Disclosure
InterDigital's Chief Legal Officer, Joshua D. Schmidt, sold 466 shares of common stock for $325.34 per share, as part of a pre-arranged 10b5-1 trading plan.
Summary
- Joshua D. Schmidt, InterDigital's CLO & Corporate Secretary, reported a sale of company common stock.
- The transaction involved the disposition of 466 shares of Common Stock.
- The shares were sold at a price of $325.34 per share.
- Following this transaction, Mr. Schmidt directly beneficially owns 27,461.9139 shares of InterDigital Common Stock.
- The sale was executed on December 31, 2025.
- This transaction was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted on March 21, 2025.
Sentiment
Score: 5
Explanation: The filing reports a routine, pre-scheduled insider stock sale under a 10b5-1 plan, which is generally considered neutral and does not indicate a significant positive or negative sentiment regarding the company's prospects.
Future Outlook
N/A, as this Form 4 filing only discloses an insider transaction and does not provide forward-looking statements or guidance.
Industry Context
N/A, as this Form 4 filing details a routine insider transaction and does not provide information relevant to broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The sale of common stock was executed under a Rule 10b5-1 trading plan, adopted on March 21, 2025. This plan allows insiders to pre-arrange sales of company stock to avoid accusations of trading on material non-public information. | March 21, 2025 | Enhances transparency and provides an affirmative defense against insider trading allegations for the reporting person. |
Stakeholder Impact
- Shareholders: Minimal impact, as it is a small, pre-planned sale by an officer, not indicative of a change in company fundamentals or management confidence.
Key Dates
| Date | Description |
|---|---|
| March 21, 2025 | Adoption date of the Rule 10b5-1 trading plan. |
| December 31, 2025 | Date of the reported transaction (sale of common stock). |
Keywords
InterDigital, IDCC, Insider Trading, Form 4, Joshua D. Schmidt, Stock Sale, 10b5-1 Plan, Officer Transaction, Common Stock
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