Form 4: InterDigital Executive Pankaj Rajesh Sells 650 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
InterDigital's Chief Technology Officer, Pankaj Rajesh, sold 650 shares of common stock at $103.87 per share on May 6, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 6, 2024, Pankaj Rajesh, Chief Technology Officer of InterDigital, Inc., sold 650 shares of the company's common stock.
- The sale was executed at a price of $103.87 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted on May 12, 2023.
- Following the transaction, Rajesh directly owns 64,517.3743 shares of InterDigital common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock sale under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares without being accused of acting on non-public information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 05/12/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 05/06/2024 | Date of stock sale transaction |
| 05/07/2024 | Date of Form 4 filing |
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