InterDigital (IDCC) licensing chief sells 1,600 shares under Rule 10b5-1 plan
Rhea-AI Filing Summary
InterDigital, Inc. Chief Licensing Officer Julia C. Mattis reported an open-market sale of 1,600 shares of common stock at an average price of $257.65 per share on June 3, 2026. Following this transaction, she directly holds 11,538.3091 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 4, 2026, indicating it was scheduled in advance rather than timed discretionarily.
Positive
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Insights
Routine pre-planned insider sale with modest size relative to remaining holdings.
Chief Licensing Officer Julia C. Mattis conducted an open-market sale of 1,600 shares of InterDigital, Inc. common stock at $257.65 per share. After the transaction, she still directly owns 11,538.3091 shares, so the filing reflects a partial reduction rather than an exit.
The footnote states the sale was made pursuant to a Rule 10b5-1 trading plan adopted on March 4, 2026. Such plans pre-schedule trades, which generally reduces the informational value of the exact timing because sales occur automatically under preset conditions.
From an investor perspective, this is a single, pre-planned net sale with no associated derivative exercises or tax-withholding events disclosed in this filing. Subsequent filings may provide additional context if further scheduled transactions under the same plan occur.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,600 | $257.65 | $412K |
Footnotes (1)
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