Lawrence Liren Chen - 15 Dec 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
Issuer symbol: IDCC
Transactions as of: 15 Dec 2024
Net transactions value: -$2,561,112
Form type: 4
Filing time: 17 Dec 2024, 16:06:29 UTC
Previous filing: 13 Dec 2024
Next filing: 20 Dec 2024
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	+29,897	+19%	$0.000000	183,510	15 Dec 2024	Direct	F1
transaction	IDCC	Common Stock	Disposed to Issuer	$2,561,065	-13,076	-7.1%	$195.86	170,434	15 Dec 2024	Direct	F2
transaction	IDCC	Common Stock	Tax liability	$47.03	-0	-0%	$195.86	170,434	15 Dec 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	+90,488	+31%	$0.000000	381,047	15 Dec 2024	Common Stock	90,488	$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.