Form 4: InterDigital Executive Rajesh Pankaj Sells 700 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Rajesh Pankaj, Chief Technology Officer of InterDigital, Inc., sold 700 shares of common stock at a price of $181.03 per share on April 7, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On April 7, 2025, Rajesh Pankaj, the Chief Technology Officer of InterDigital, Inc., sold 700 shares of the company's common stock.
- The sale was executed at a price of $181.03 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 9, 2024.
- Following the transaction, Pankaj directly owns 78,160.8058 shares of InterDigital common stock.
Sentiment
Score: 5
Explanation: The document reports a routine stock sale by an executive under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Sales by company executives are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2024/05/09 | Date of adoption of Rule 10b5-1 trading plan |
| 2025/04/07 | Date of stock sale transaction |
Keywords
InterDigital, Rajesh Pankaj, Chief Technology Officer, stock sale, Form 4, Rule 10b5-1, IDCC, securities
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.