Lawrence Liren Chen - Dec 15, 2024 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
Stock symbol
IDCC
Transactions as of
Dec 15, 2024
Transactions value $
-$2,561,112
Form type
4
Date filed
12/17/2024, 04:06 PM
Previous filing
Dec 13, 2024
Next filing
Dec 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Award $0 +29.9K +19.46% $0.00 184K Dec 15, 2024 Direct F1
transaction IDCC Common Stock Disposed to Issuer -$2.56M -13.1K -7.13% $195.86 170K Dec 15, 2024 Direct F2
transaction IDCC Common Stock Tax liability -$47 -0.24 0% $195.86 170K Dec 15, 2024 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 Option (Right-to-Buy) Award $0 +90.5K +31.14% $0.00 381K Dec 15, 2024 Common Stock 90.5K $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 Equity Incentive Plan in accordance with his new hire performance equity award. Based on the achievement of one Milestone goal, 90% of the reporting person's target Milestone restricted stock unit award, or 27,924 restricted stock units, vested on December 15, 2024, together with 1,973.2401 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 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, 90% of the reporting person's target Milestone options vested on December 15, 2024.