InterDigital (IDCC) Rule 144 Filing Reveals Insider Stock Sale

Rhea-AI Filing Summary

InterDigital, Inc. (IDCC) Form 144 notice shows a proposed sale of 1,000 restricted common shares through Morgan Stanley Smith Barney on 09/05/2025 with an aggregate market value of $289,780.00. The filer acquired these shares as restricted stock from the issuer on 08/15/2024. The filing also discloses two recent open-market sales by the same person: 1,000 shares on 08/20/2025 for $261,030.00 and 1,000 shares on 07/07/2025 for $224,580.00. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

• Rule 144 disclosure filed demonstrating compliance and transparency for proposed insider sale
• Sale size is small relative to outstanding shares (1,000 shares vs. 25,802,360 outstanding), indicating limited dilution or control impact

Negative

• Insider selling shares (1,000 planned sale plus 2,000 shares sold in prior two months), which may be perceived negatively by some investors
• No date provided for any 10b5-1 plan adoption in the remarks section, so sales appear not to be explicitly tied to a disclosed trading plan

Insights

Securities Analyst

TL;DR: Insider intends to sell a small block of restricted stock and recently sold additional shares; transaction is disclosed under Rule 144.

The filing documents a proposed sale of 1,000 restricted shares acquired from the issuer on 08/15/2024 and scheduled for sale on 09/05/2025 via Morgan Stanley Smith Barney, with an indicated market value of $289,780.00. Two prior sales by the same person over the past two months total 2,000 shares for combined gross proceeds of $485,610.00. From an investor reporting perspective, the filing meets Form 144 disclosure requirements and provides transparency about insider liquidity events. The disclosed sizes (1,000-share blocks) are small relative to the stated outstanding shares (25,802,360), suggesting limited direct dilution or control change based solely on these transactions.

Corporate Governance Expert

TL;DR: Proper Rule 144 notice filed for sale of restricted stock; filings include required seller attestation.

The document shows the filer acquired restricted common stock from the issuer and is providing the Rule 144 notice before an intended brokered sale. The notice contains the attestation that the seller is unaware of undisclosed material adverse information and lists recent sales in the preceding three months. For governance review, the filing documents routine insider disposition activity and adherence to disclosure mechanics; no additional corporate actions or plan-adoption dates are provided within the filing.

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	1000	289780.00	25802360	09/05/2025	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	08/15/2024	Restricted Stock	ISSUER			1000	08/15/2024	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
RAJESH K PANKAJ 200 Bellevue Parkway, Suite 300 Wilmington DE 19809-3727	Common	08/20/2025	1000	261030.00
RAJESH K PANKAJ 200 Bellevue Parkway, Suite 300 Wilmington DE 19809-3727	Common	07/07/2025	1000	224580.00

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 InterDigital's (IDCC) Form 144 disclose?

The filing discloses a proposed sale of 1,000 restricted common shares to be sold on 09/05/2025 via Morgan Stanley Smith Barney with an aggregate market value of $289,780.00.

When were the shares acquired that are being sold under this Form 144?

The shares were acquired as restricted stock on 08/15/2024 from the issuer, with the acquisition and payment dated 08/15/2024.

Has the filer sold other IDCC shares recently?

Yes. The filer sold 1,000 shares on 08/20/2025 for $261,030.00 and 1,000 shares on 07/07/2025 for $224,580.00.

Through which broker will the proposed sale occur?

The proposed sale is listed to occur through Morgan Stanley Smith Barney LLC, Executive Financial Services located at 1 New York Plaza, New York, NY.

How large is the proposed sale relative to outstanding shares?

The proposed sale of 1,000 shares is against 25,802,360 shares outstanding as stated in the filing.