InterDigital (IDCC) CEO Chen sells shares under preset 10b5-1 plan
Rhea-AI Filing Summary
InterDigital, Inc. (IDCC) President and CEO Lawrence Liren Chen reported planned sales of company common stock. On January 13, 2026, he sold 2,975 shares at a price of $310.82 per share. On January 14, 2026, he sold another 2,975 shares at $312.72 per share. After these transactions, he beneficially owned 164,985.008 shares of InterDigital common stock in direct form. The filing notes that these sales were made under a Rule 10b5-1 trading plan adopted on September 29, 2025, which is a pre-arranged program that allows insiders to sell shares according to a set schedule or formula.
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FAQ
What insider stock transactions did InterDigital (IDCC) report for its CEO?
InterDigital (IDCC) reported that President and CEO Lawrence Liren Chen sold 2,975 shares of common stock on January 13, 2026 at $310.82 per share and another 2,975 shares on January 14, 2026 at $312.72 per share.
How many InterDigital (IDCC) shares does CEO Lawrence Chen own after the reported transactions?
After the reported sales, CEO Lawrence Liren Chen beneficially owned 164,985.008 shares of InterDigital common stock, held in direct ownership form.
Were the InterDigital (IDCC) CEO’s stock sales made under a Rule 10b5-1 plan?
Yes. The filing states that the sales were made pursuant to a Rule 10b5-1 trading plan adopted on September 29, 2025, which pre-schedules trades for insiders.
What type of SEC filing disclosed the InterDigital (IDCC) CEO’s stock sales?
The transactions were disclosed in a Form 4, which reports changes in the beneficial ownership of InterDigital (IDCC) equity securities by insiders such as directors and officers.
What is the role of Lawrence Liren Chen at InterDigital (IDCC)?
Lawrence Liren Chen is reported as both a Director and an Officer of InterDigital, serving as President and CEO.
Are the reported InterDigital (IDCC) CEO transactions direct or indirect holdings?
The Form 4 indicates that the reported holdings following the transactions are held in direct (D) ownership by Lawrence Liren Chen.