RANKIN JEAN F 4
Research Summary
AI-generated summary
InterDigital (IDCC) Director Jean F. Rankin Sells 365 Shares
What Happened
Jean F. Rankin, a director of InterDigital, Inc. (IDCC), sold 365 shares on June 12, 2026 at $276.64 per share, generating $100,974 in proceeds. This was a sale (not a buy) reported on Form 4.
Key Details
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-16
- Transaction type: Sale (open market or private sale) — 365 shares at $276.64 each
- Total proceeds: $100,974
- Shares owned after the transaction: not reported in the provided filing
- Footnote: Sale made pursuant to a Rule 10b5‑1 trading plan adopted Aug 15, 2025 to cover estimated tax obligations from restricted stock unit vesting
- Filing timeliness: filing date provided; no late-filing flag noted in the supplied data
Context
Sales executed under a prearranged 10b5‑1 plan are typically scheduled in advance and often used for tax or diversification needs; they are not necessarily a change in the insider’s view of the company. For retail investors, purchases generally carry more direct informational weight than routine sales under such plans.