| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IDCC | Common Stock | Tax liability | $114,973 | -635 | -2.5% | $181.06 | 24,279 | 15 Nov 2024 | Direct | F1 |
| transaction | IDCC | Common Stock | Disposed to Issuer | $180 | -1 | -0% | $181.06 | 24,278 | 15 Nov 2024 | Direct | F2 |
| transaction | IDCC | Common Stock | Sale | $25,507 | -140 | -0.58% | $182.19 | 24,138 | 19 Nov 2024 | Direct | F3 |
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).
| Id | Content |
|---|---|
| F1 | 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 November 15, 2021 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on November 15, 2024 together with accrued dividend equivalents. |
| F2 | The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 1. |
| F3 | The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2024. |