Eric Cohen - 03 Jul 2023 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role
Chief Strategy& Growth Officer
Signature
/s/ Amy A. Miraglia, Attorney-in-Fact for Eric Cohen
Issuer symbol
IDCC
Transactions as of
03 Jul 2023
Net transactions value
-$416,144
Form type
4
Filing time
05 Jul 2023, 21:30:41 UTC
Previous filing
11 May 2023
Next filing
28 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Sale $299,621 -3,123 -10% $95.94 27,165 03 Jul 2023 Direct F1, F2
transaction IDCC Common Stock Sale $116,524 -1,206 -4.4% $96.62 25,959 03 Jul 2023 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted on January 27, 2023.
F2 The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $95.35 to $96.34 per share. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.
F3 The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $96.35 to $96.78 per share. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.