InterDigital (IDCC) Director Joan H. Gillman Sells 300 Shares
$IDCC · InterDigital, Inc.Research Summary
AI-generated summary of this SEC filing
InterDigital (IDCC) Director Joan H. Gillman Sells 300 Shares
What Happened
Joan H. Gillman, a director of InterDigital, Inc. (IDCC), sold 300 shares on August 7, 2026, at a price of $331.06 per share, for total proceeds of approximately $99,318. The transaction is reported as a sale (S) and was executed in the open market.
Key Details
- Transaction date: 2026-08-07; Filing date: 2026-08-10 (filed within the usual two-business-day window).
- Price and size: 300 shares at $331.06 each; proceeds ≈ $99,318.
- Transaction type: Sale (open-market), reported with code S.
- Shares owned after transaction: Not stated in the information provided in this summary. (Check the full Form 4 for the insider’s post-transaction holdings.)
- Footnote: The sale was made pursuant to a Rule 10b5-1 trading plan adopted November 12, 2025 (prearranged trading plan).
Context
Sales executed under a 10b5-1 plan are prearranged and are commonly used by insiders to sell shares on a schedule; such transactions are generally considered routine and reduce the likelihood that the trade was based on nonpublic, contemporaneous information. For retail investors, purchases can be a stronger signal of insider conviction; routine plan-based sales are often liquidity events rather than directional statements about company prospects.