InterDigital (IDCC) director Rankin sells 365 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
InterDigital, Inc. director Jean F. Rankin sold 365 shares of common stock in an open-market transaction at $276.64 per share. After this sale, Rankin directly holds 28,938 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted to cover estimated tax obligations from restricted stock unit vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 365 shares ($100,974)
Net Sell
1 txn
Insider
RANKIN JEAN F
Role
null
Sold
365 shs ($101K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 365 | $276.64 | $101K |
Holdings After Transaction:
Common Stock — 28,938 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 365 shares
Sale price per share: $276.64 per share
Shares held after sale: 28,938 shares
+2 more
5 metrics
Shares sold
365 shares
Open-market sale of common stock
Sale price per share
$276.64 per share
Price for InterDigital common stock sale
Shares held after sale
28,938 shares
Direct holdings following transaction
Transaction code
S (sale)
Form 4 non-derivative transaction
Plan type
Rule 10b5-1 trading plan
Pre-arranged sale to cover tax obligations
Key Terms
Rule 10b5-1 trading plan, restricted stock units, open-market sale, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"to cover such individual's estimated tax obligations in connection with the vesting of 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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did InterDigital (IDCC) disclose for Jean F. Rankin?
InterDigital reported that director Jean F. Rankin sold 365 shares of common stock. The shares were sold in an open-market transaction at a price of $276.64 per share, as disclosed in a Form 4 insider trading report.
Why does the Form 4 mention restricted stock units for InterDigital (IDCC)?
The footnote explains that the Rule 10b5-1 trading plan was established to cover estimated tax obligations from restricted stock unit vesting. This links the share sale to tax-related needs arising from equity compensation, rather than a discretionary portfolio shift.