Form 4: InterDigital Executive Sells 700 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Rajesh Pankaj, Chief Technology Officer of InterDigital, Inc., sold 700 shares of common stock at a price of $142.78 per share on October 7, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On October 7, 2024, 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 $142.78 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 9, 2024.
- Following the transaction, Pankaj directly owns 54,983.6676 shares of InterDigital, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing for a stock sale by an executive, which is neutral in sentiment. The sale was conducted under a pre-arranged 10b5-1 trading plan.
Industry Context
Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 plan indicates the executive is selling shares at predetermined times and prices to avoid insider trading accusations.
Stakeholder Impact
- The sale of shares by a company executive could have a minor impact on shareholder confidence, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| May 9, 2024 | Date of adoption of the Rule 10b5-1 trading plan |
| October 7, 2024 | Date of the stock sale transaction |
| October 8, 2024 | Date of signature on the Form 4 filing |
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