IDCC Form 4: CTO Pankaj Rajesh Sells 1,000 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
InterDigital, Inc. (IDCC) reporting person Pankaj Rajesh, listed as Chief Technology Officer, reported a sale of 1,000 shares of InterDigital common stock on 09/05/2025 at a price of $289.78 per share. The transaction was executed under a Rule 10b5-1 trading plan adopted on March 20, 2025. After the reported sale, the filing lists 66,121.526 shares beneficially owned by the reporting person. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Rajesh on 09/08/2025. The filing gives the reporting persons address as Wilmington, DE and identifies the issuer as InterDigital, Inc. (IDCC).
Positive
- Transaction executed under a Rule 10b5-1 trading plan, indicating pre-scheduled disposition and compliance with insider-trading rules
- Full disclosure provided on transaction date, price ($289.78), quantity (1,000 shares) and post-transaction beneficial ownership (66,121.526 shares)
- Form 4 signed by attorney-in-fact, demonstrating procedural completion of the filing
Negative
- None.
Insights
TL;DR Routine insider sale under an established 10b5-1 plan; no new material disclosure about company operations.
The sale of 1,000 shares at $289.78 appears transactional and was executed under a pre-existing Rule 10b5-1 plan adopted March 20, 2025, which typically indicates scheduled dispositions rather than opportunistic trading on nonpublic information. The filing discloses post-transaction beneficial ownership of 66,121.526 shares, which provides context on the insiders remaining stake. This Form 4 does not include operational or financial metrics for InterDigital and contains no indication of unusual timing or volume that would, on its face, be materially impactful to investors.
TL;DR Proper procedural disclosure; use of attorney-in-fact and 10b5-1 plan aligns with compliance best practices.
The filing shows adherence to disclosure and insider-trading compliance practices: the trade is reported on Form 4, executed under a documented 10b5-1 plan, and the signature was provided by an attorney-in-fact. These elements reduce governance risk related to insider trading allegations. The report contains standard details: transaction date, price, quantity, and resulting beneficial ownership. No governance concerns or deviations are evident within the content provided.