Lawrence Liren Chen - 15 Oct 2021 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role: President and CEO, Director
Signature: /s/ Ariel E. Greenstein, Attorney-in-Fact for Lawrence Liren Chen
Issuer symbol: IDCC
Transactions as of: 15 Oct 2021
Net transactions value: -$1,360,154
Form type: 4
Filing time: 19 Oct 2021, 16:23:22 UTC
Previous filing: 30 Jul 2021
Next filing: 29 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IDCC	Common Stock	Award	$0	+46,788	+65%	$0.000000	118,535	15 Oct 2021	Direct	F1
transaction	IDCC	Common Stock	Tax liability	$1,360,040	-19,872	-17%	$68.44	98,663	15 Oct 2021	Direct	F2
transaction	IDCC	Common Stock	Disposed to Issuer	$115	-2	-0%	$68.44	98,661	15 Oct 2021	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	IDCC	Employee Stock Options (right to buy)	Award	$0	+150,815		$0.000000	150,815	15 Oct 2021	Common Stock	150,815	$73.15	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transaction reported represents the partial vesting of an award of performance-based restricted stock units granted to the reporting person on April 15, 2021 pursuant to the company's 2017 Stock Incentive Plan in accordance with his new hire performance equity award. Based on the achievement of multiple milestone goals, 150% of the reporting person's target performance-based restricted stock unit award, or 46,788 restricted stock units, vested on October 15, 2021.
F2	The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability in connection with the transaction described in Note 1.
F3	The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 1.
F4	The transaction reported represents the partial vesting of an award of performance-based stock options granted to the reporting person on April 15, 2021 pursuant to the company's 2017 Stock Incentive Plan in accordance with his new hire performance equity award. Based on the achievement of multiple Milestone goals, 150% of the reporting person's target performance-based options vested on October 15, 2021.