InterDigital CTO executes planned sale of 1,000 shares at $261.03
Rhea-AI Filing Summary
Pankaj Rajesh, Chief Technology Officer of InterDigital, Inc. (IDCC), reported a sale of 1,000 shares of common stock on 08/20/2025 at a price of $261.03 per share. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan adopted March 20, 2025, and the reporter beneficially owns 67,121.526 shares following the transaction. The Form 4 was signed by an attorney-in-fact on 08/21/2025. The filing shows the sale code as S(1) and identifies the reporting person as an officer (CTO).
Positive
- Sale executed under a Rule 10b5-1 trading plan, indicating pre-established instructions rather than an ad hoc insider trade
- Timely disclosure with Form 4 signed the day after the transaction
Negative
- Officer sold 1,000 shares at $261.03, which is a realized reduction in insider ownership
- Form shows substantial fractional remaining ownership (67,121.526 shares) but no context on percentage ownership
Insights
TL;DR: Officer sale of 1,000 shares under a 10b5-1 plan; appears procedural rather than an ad hoc insider trade.
The transaction is a single, disclosed sale of 1,000 shares at $261.03 executed under a pre-established Rule 10b5-1 plan adopted March 20, 2025. Because the trade is tied to a trading plan, it reduces the likelihood that this sale reflects new, undisclosed company-specific information. The remaining beneficial ownership is 67,121.526 shares, which maintains meaningful insider exposure. Overall, the event is routine and limited in scope.
TL;DR: Disclosure follows standard governance practices; sale was properly reported and executed via an established plan.
The Form 4 shows compliance with Rule 10b5-1 procedures and timely reporting (transaction 08/20/2025, filing signed 08/21/2025). The use of an attorney-in-fact to sign is documented. There is no indication in the filing of amendments or additional related-party transactions. From a governance perspective, the filing meets disclosure expectations for an officer-level insider sale.