InterDigital, Inc.·4

Jun 16, 8:26 AM ET

RANKIN JEAN F 4

Research Summary

AI-generated summary

Updated

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.