Form 4: InterDigital Executive Rajesh Pankaj Sells 650 Shares of Common Stock
SEC Form 4
Rajesh Pankaj, Chief Technology Officer of InterDigital, Inc., sold 650 shares of common stock on April 5, 2024, at a price of $95.33 per share.
Summary
- On April 5, 2024, Rajesh Pankaj, the Chief Technology Officer of InterDigital, Inc., sold 650 shares of the company's common stock.
- The sale was executed at a price of $95.33 per share.
- Following the transaction, Pankaj directly owns 64,939.3017 shares of InterDigital common stock.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 12, 2023.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine disclosure of an insider stock sale under a pre-arranged trading plan.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to have pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| May 12, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| April 5, 2024 | Date of stock sale transaction |
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