Joshua D. Schmidt - 15 Mar 2023 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role: CLO & Corp Sec
Signature: /s/ Ariel E. Greenstein, Attorney-in-Fact for Joshua D. Schmidt
Issuer symbol: IDCC
Transactions as of: 15 Mar 2023
Net transactions value: -$106,937
Form type: 4
Filing time: 17 Mar 2023, 16:05:42 UTC
Previous filing: 27 Jan 2023
Next filing: 04 Apr 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	Award	$0	+1,462	+11%	$0.000000	14,525	15 Mar 2023	Direct	F1
transaction	IDCC	Common Stock	Tax liability	$37,082	-505	-3.5%	$73.43	14,020	15 Mar 2023	Direct	F2
transaction	IDCC	Common Stock	Disposed to Issuer	$22.54	-0	-0%	$73.43	14,020	15 Mar 2023	Direct	F3
transaction	IDCC	Common Stock	Tax liability	$69,685	-949	-6.8%	$73.43	13,071	15 Mar 2023	Direct	F4
transaction	IDCC	Common Stock	Disposed to Issuer	$147	-2	-0.02%	$73.43	13,069	15 Mar 2023	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 vesting of awards of performance-based restricted stock units granted to the reporting person on March 31, 2020 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement level of the 2020 cycle performance goal, 116% of the reporting person's target performance-based restricted stock unit awards, or 1,374 restricted stock units, vested on March 15, 2023, together with 88.3069 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	The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability. The restricted stock units were granted to the reporting person on March 31, 2020, March 31, 2021 and March 15, 2022 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 15, 2023, together with accrued dividend equivalents.
F5	The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 4.