InterDigital (IDCC) Form 144 Discloses 466-Share Sale via Morgan Stanley

Rhea-AI Filing Summary

Form 144 filing for InterDigital, Inc. (IDCC) shows a proposed sale of 466 common shares through Morgan Stanley Smith Barney on 08/29/2025. The filer is identified as Joshua Schmidt with an address in Wilmington, DE. The filing lists acquisition details: 274 shares were received as performance shares on 03/15/2022 and 192 shares as restricted stock on the same date. The form also discloses a sale of 466 common shares on 06/30/2025 that generated $108,265.78 in gross proceeds. Aggregate market value for the proposed sale is shown as $127,273.92 and the issuer outstanding shares are listed as 25,802,360. The filer certifies no undisclosed material adverse information.

Positive

• Transparent disclosure of acquisition dates, nature of awards (performance shares and restricted stock), broker and planned sale date
• Filer attestation that no undisclosed material adverse information is known supports compliance with Rule 144 requirements

Negative

• Insider sale activity (466 shares) was reported, which some investors may view negatively despite the small size
• Limited issuer context in the filing: relationship to issuer and additional background about the filer are not provided

Insights

Securities Compliance Analyst

TL;DR: Routine Rule 144 notice for an insider sale; documents acquisition dates and broker details, complying with disclosure requirements.

The filing documents a planned sale under Rule 144, identifying the broker, number of shares, acquisition method, and prior recent sale. Key compliance elements are present: acquisition dates and nature (performance shares and restricted stock), broker name and planned sale date, and a seller signature representation regarding undisclosed material information. The disclosure of a prior sale on 06/30/2025 shows recent disposition activity that regulators and investors may track for insider trading pattern reviews. No additional material facts (e.g., relationship to issuer, consideration terms beyond gross proceeds) are provided in the filing.

Equity Research Analyst

TL;DR: Small insider sale disclosed; the size relative to outstanding shares is negligible but signals insider liquidity.

The proposed sale of 466 shares represents a very small fraction of the issuer's stated 25,802,360 outstanding shares. Acquisition by performance shares and restricted stock granted in March 2022 is typical for employee compensation. The listed aggregate market value and reported gross proceeds for the prior sale give investors concrete amounts to quantify the transaction. This filing is informational and does not present new financial performance data.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	466	127273.92	25802360	08/29/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/15/2022	Performance Shares	ISSUER			274	03/15/2022	Not Applicable
Common	03/15/2022	Restricted Stock	ISSUER			192	03/15/2022	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
JOSHUA SCHMIDT 200 Bellevue Parkway, Suite 300 Wilmington DE 19809-3727	Common	06/30/2025	466	108265.78

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for IDCC disclose?

The form discloses a proposed sale of 466 common shares via Morgan Stanley Smith Barney on 08/29/2025, acquisition dates of the shares (03/15/2022), and a prior sale on 06/30/2025 that generated $108,265.78.

Who is the seller named in the Form 144 for IDCC?

The seller is listed as Joshua Schmidt with an address in Wilmington, DE, as shown in the filing.

How were the shares being sold originally acquired?

The filing shows 274 shares acquired as performance shares and 192 shares acquired as restricted stock, both with acquisition date 03/15/2022.

What broker is handling the proposed sale in the Form 144?

The sale is to be handled by Morgan Stanley Smith Barney LLC Executive Financial Services at 1 New York Plaza, New York, NY.

What amounts are reported for the proposed and recent sales?

Aggregate market value for the proposed 466-share sale is listed as $127,273.92; a prior sale of 466 shares on 06/30/2025 reported gross proceeds of $108,265.78.