InterDigital (IDCC) CLO awarded RSU dividend-equivalent shares

Rhea-AI Filing Summary

InterDigital, Inc. reported that its Chief Legal Officer and Corporate Secretary, Joshua D. Schmidt, acquired additional common stock through a compensation-related award. On a transaction dated April 22, 2026, he received 18.3927 shares of common stock via restricted stock units credited as dividend equivalents on previously granted unvested RSUs. These dividend equivalents accrue when cash dividends are paid on InterDigital’s common stock, so this is not an open-market purchase or sale. Following this grant, Schmidt directly holds a total of 30,047.6205 shares of InterDigital common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Schmidt Joshua D.

Role CLO & Corp Secretary

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	18.393	$0.00	--

Holdings After Transaction: Common Stock — 30,047.621 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU dividend-equivalent grant: 18.3927 shares Total shares after transaction: 30,047.6205 shares Transaction price per share: $0.0000 +1 more

4 metrics

RSU dividend-equivalent grant 18.3927 shares Restricted stock units credited as dividend equivalents on unvested RSUs

Total shares after transaction 30,047.6205 shares Direct InterDigital common stock holdings after April 22, 2026 award

Transaction price per share $0.0000 Indicates compensation-related share award, not a cash market trade

Transaction date April 22, 2026 Date of RSU dividend-equivalent acquisition reported on Form 4

Key Terms

restricted stock units, dividend equivalents, non-derivative, beneficial ownership

4 terms

restricted stock units financial

"Restricted stock units received pursuant to dividend equivalents credited on unvested restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalents financial

"Dividend equivalents accrue with respect to unvested restricted stock units when and as cash dividends are paid"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

non-derivative financial

"transaction_type": "non-derivative""

beneficial ownership financial

"Dividend equivalents credited on unvested restricted stock units previously granted to the reporting person"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

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).

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 DELAWARE 19809

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/22/2026		A(1)		18.3927	A	$0	30,047.6205	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. Restricted stock units received pursuant to dividend equivalents credited on unvested restricted stock units previously granted to the reporting person. Dividend equivalents accrue with respect to unvested restricted stock units when and as cash dividends are paid on InterDigital, Inc.'s common stock.

Remarks:

	/s/ Ariel E. Greenstein, Attorney-in-Fact for Joshua D. Schmidt	04/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did InterDigital (IDCC) report in this Form 4?

InterDigital reported that CLO and Corporate Secretary Joshua D. Schmidt acquired 18.3927 shares of common stock. The shares were received as restricted stock units credited as dividend equivalents on previously granted unvested RSUs, rather than through an open-market trade.

How many InterDigital (IDCC) shares does Joshua D. Schmidt hold after this transaction?

After the reported award, Joshua D. Schmidt directly holds 30,047.6205 shares of InterDigital common stock. This total reflects his position following the 18.3927-share restricted stock unit dividend-equivalent grant recorded on April 22, 2026, according to the Form 4 disclosure.

Was the InterDigital (IDCC) Form 4 transaction a market purchase or sale?

The Form 4 transaction was not a market purchase or sale. Schmidt received 18.3927 shares as restricted stock units from dividend equivalents on unvested RSUs, which accrue when InterDigital pays cash dividends, making this a compensation-related acquisition rather than open-market trading.

What are dividend equivalents on restricted stock units at InterDigital (IDCC)?

Dividend equivalents are additional restricted stock units credited on unvested RSUs when InterDigital pays cash dividends on its common stock. In this filing, Schmidt received 18.3927 such units, increasing his eventual share ownership without executing any cash transaction in the open market.

Who is the insider involved in this InterDigital (IDCC) Form 4 filing?

The insider is Joshua D. Schmidt, who serves as Chief Legal Officer and Corporate Secretary of InterDigital, Inc. He reported acquiring 18.3927 shares through dividend-equivalent restricted stock units, bringing his direct holdings to 30,047.6205 shares of the company’s common stock.