Form 4: InterDigital Executive Pankaj Rajesh Sells 700 Shares of Common Stock
SEC Form 4 Filing
Pankaj Rajesh, Chief Technology Officer of InterDigital, Inc., sold 700 shares of common stock on September 5, 2024, at a price of $134.18 per share.
Summary
- On September 5, 2024, Pankaj Rajesh, the Chief Technology Officer of InterDigital, Inc., sold 700 shares of the company's common stock.
- The sale was executed at a price of $134.18 per share.
- Following the transaction, Rajesh Pankaj directly owns 55,683.6676 shares of InterDigital, Inc.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on May 9, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative 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 suggests the sale was pre-planned and not based on any specific inside information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 09/05/2024 | Date of stock sale transaction |
| 09/06/2024 | Date of Form 4 filing |
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