Lawrence Liren Chen - 15 Mar 2022 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 Mar 2022
Net transactions value: -$47,910
Form type: 4
Filing time: 17 Mar 2022, 19:47:33 UTC
Previous filing: 28 Jan 2022
Next filing: 07 Apr 2022
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	+1,734	+1.7%	$0.000000	101,160	15 Mar 2022	Direct	F1
transaction	IDCC	Common Stock	Tax liability	$47,886	-770	-0.76%	$62.19	100,390	15 Mar 2022	Direct	F2
transaction	IDCC	Common Stock	Disposed to Issuer	$23.23	-0	-0%	$62.19	100,390	15 Mar 2022	Direct	F3
transaction	IDCC	Common Stock	Award	$0	+17,688	+18%	$0.000000	118,078	15 Mar 2022	Direct	F4

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 Option (Right-to-Buy)	Award	$0	+5,530	+3.7%	$0.000000	156,345	15 Mar 2022	Common Stock	5,530	$73.15	Direct	F5

* 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 Equity Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement of one Milestone goal, 25% of the reporting person's target Milestone restricted stock unit award, or 1,707 restricted stock units, vested on March 15, 2022, together with 27.3735 additional shares representing accrued dividend equivalent units.
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	Restricted stock units granted pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program.
F5	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 one Milestone goal, 25% of the reporting person's target Milestone options vested on March 15, 2022.