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IDCC Insider Sale: Joshua Schmidt Disposes of 466 Shares Under 10b5-1 Plan

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Insider sale under pre-established plan: Joshua D. Schmidt, CLO and Corporate Secretary of InterDigital, Inc. (IDCC), reported a sale of 466 shares of common stock on 08/29/2025 at a price of $273.12 per share. The Form 4 states the sales were made pursuant to a Rule 10b5-1 trading plan adopted March 21, 2025. Following the reported transaction, Mr. Schmidt beneficially owned 28,370.4448 shares, held directly. The filing indicates routine disposition under a pre-existing trading plan rather than an open-market discretionary sale.

Positive

  • Sale executed under a Rule 10b5-1 trading plan, providing an affirmative defense for pre-planned insider transactions
  • Reporting person is an officer (CLO & Corporate Secretary) and the transaction was properly disclosed on Form 4
  • Post-transaction beneficial ownership disclosed: 28,370.4448 shares held directly

Negative

  • Reduction in direct holdings by 466 shares resulting from the sale
  • Sale price was $273.12 per share, representing realized liquidity by an officer

Insights

TL;DR: Officer sold a small number of shares under a 10b5-1 plan; ownership remained substantial but reduced by 466 shares.

The reported sale of 466 shares at $273.12 each is explicitly tied to a Rule 10b5-1 plan adopted March 21, 2025, which provides an affirmative defense for planned insider transactions. The transaction size is modest relative to the reported post-sale holding of 28,370.4448 shares. There is no indication of derivative activity or additional dispositions in this filing. From a financial perspective, this appears to be a routine, pre-planned liquidity event by an officer rather than a signal of company-specific unexpected developments.

TL;DR: Proper procedure followed: sale executed under an established 10b5-1 plan and reported on Form 4.

The Form 4 discloses that the sales were executed pursuant to a 10b5-1 trading plan, which aligns with best practices for insider trading compliance and helps mitigate concerns about trading on material nonpublic information. The reporting person is identified as an officer (CLO & Corporate Secretary), and the form reports direct beneficial ownership after the transaction. No amendments or additional governance issues are raised by this filing.

Insider Schmidt Joshua D.
Role CLO & Corp Secretary
Sold 466 shs ($127K)
Type Security Shares Price Value
Sale Common Stock 466 $273.12 $127K
Holdings After Transaction: Common Stock — 28,370.445 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Schmidt Joshua D.
(Last) (First) (Middle)
200 BELLEVUE PARKWAY
SUITE 300
(Street)
WILMINGTON DE 19809
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
InterDigital, Inc. [ IDCC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CLO & Corp Secretary
3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/29/2025 S(1) 466 D $273.12 28,370.4448 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted on March 21, 2025.
Remarks:
/s/ Ariel E. Greenstein, Attorney-in-Fact for Joshua D. Schmidt 09/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Joshua D. Schmidt report on Form 4 for IDCC?

He reported a sale of 466 shares of InterDigital common stock on 08/29/2025 at a price of $273.12 per share.

Was the insider sale part of a 10b5-1 plan for IDCC?

Yes. The Form 4 states the sales were made pursuant to a Rule 10b5-1 trading plan adopted March 21, 2025.

How many shares did the reporting person own after the transaction?

The Form 4 discloses 28,370.4448 shares beneficially owned following the reported transaction.

What is the reporting person's role at InterDigital (IDCC)?

The reporting person, Joshua D. Schmidt, is identified as an Officer (CLO & Corporate Secretary) and a Director.

Does the Form 4 show any derivative transactions or option exercises?

No. This Form 4 reports only a non-derivative common stock sale; Table II (derivatives) contains no entries.