Pankaj Rajesh 4

What Happened
Pankaj Rajesh, Chief Technology Officer of InterDigital, had performance-based restricted stock units (RSUs) vest on March 15, 2026: 21,430.505 shares (granted at $0.00). To satisfy tax withholding, the company withheld 9,319 shares (disposed) and 4,151 shares (disposed) at $362.35 per share, generating proceeds of $3,376,740 and $1,504,115 respectively. Two fractional-share amounts (0.505 and 1.579 shares) were cash-settled for $183 and $572. Total value withheld/cash‑settled was about $4,881,610. This was a vesting/award event, with withholding to cover tax obligations (routine), not an open-market sell for investment purposes.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely filing).
• Award: 21,430.505 RSUs vested (performance-based; granted March 31, 2023; includes accrued dividend equivalents).
• Withholding disposals: 9,319 @ $362.35 = $3,376,740; 4,151 @ $362.35 = $1,504,115.
• Fractional-share cash settlements: 0.505 shares = $183; 1.579 shares = $572.
• Total value withheld/settled: ≈ $4,881,610.
• Shares owned after transaction: not specified in the filing.
• Footnotes: vesting reflects 200% of target for the 2023 performance cycle (20,578 RSUs vested plus 852.5045 dividend equivalents); withholding entries reflect tax withholding; fractional shares were cash-settled.

Context
This was a routine RSU vesting event (performance-based award), not an open-market sale. Withholding of shares to cover taxes and cash settlement of fractional shares are common practices and do not necessarily indicate the insider’s view on the stock. Total withholding value (~$4.9M) reflects the vesting size and the share price used for tax withholding.