CLO & Corp Secretary Schmidt Joshua D. was granted 14,286 shares, covered exercise/tax liability with 9,415 shares, returned $1,005 worth of shares to the company (3 units at $362.35) and sold $2,089,260 worth of shares (6,000 units at $348.21), decreasing direct ownership by 4% to 25,889 units (SEC Form 4)
$IDCC
Multi-Sector Companies
Miscellaneous
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
InterDigital, Inc. [ IDCC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/15/2026 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 03/15/2026 | A(1) | 14,286.3085 | A | $0 | 41,307.0026 | D | |||
| Common Stock | 03/15/2026 | F(2) | 6,604 | D | $362.35 | 34,703.0026 | D | |||
| Common Stock | 03/15/2026 | D(3) | 0.3085 | D | $362.35 | 34,702.6941 | D | |||
| Common Stock | 03/15/2026 | F(4) | 2,811 | D | $362.35 | 31,891.6941 | D | |||
| Common Stock | 03/15/2026 | D(5) | 2.4663 | D | $362.35 | 31,889.2278 | D | |||
| Common Stock | 03/17/2026 | S(6) | 624(7) | D | $344.35 | 31,265.2278 | D | |||
| Common Stock | 03/17/2026 | S(6) | 998(8) | D | $345.1 | 30,267.2278 | D | |||
| Common Stock | 03/17/2026 | S(6) | 708(9) | D | $346.15 | 29,559.2278 | D | |||
| Common Stock | 03/17/2026 | S(6) | 842(10) | D | $348.38 | 28,717.2278 | D | |||
| Common Stock | 03/17/2026 | S(6) | 1,060(11) | D | $349.08 | 27,657.2278 | D | |||
| Common Stock | 03/17/2026 | S(6) | 798(12) | D | $350.18 | 26,859.2278 | D | |||
| Common Stock | 03/17/2026 | S(6) | 538(13) | D | $351.16 | 26,321.2278 | D | |||
| Common Stock | 03/17/2026 | S(6) | 120 | D | $353 | 26,201.2278 | D | |||
| Common Stock | 03/17/2026 | S(6) | 312(14) | D | $355.17 | 25,889.2278 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. The transaction reported represents the vesting of awards of performance-based restricted stock units granted to the reporting person on March 31, 2023 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement level of the 2023 cycle performance goal, 200% of the reporting person's target performance-based restricted stock unit awards, or 13,718 restricted stock units, vested on March 15, 2026 together with 568.3085 additional shares representing accrued dividend equivalent units. |
| 2. The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability in connection with the vesting of awards of performance-based restricted stock units described above. |
| 3. The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of awards of performance-based restricted stock units described above. |
| 4. The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability. The restricted stock units were granted to the reporting person on March 31, 2023, March 15, 2024 and March 31, 2025 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 15, 2026, together with accrued dividend equivalents. |
| 5. The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in the previous footnote. |
| 6. The sales reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted on March 21, 2025. |
| 7. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $343.60 to $344.56 per share. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the ranges set forth in this footnote and in the other footnotes in this Form 4 indicating a weighted average price. |
| 8. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $344.64 to $345.56 per share. The price reported represents the weighted average price. |
| 9. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $345.70 to $346.56 per share. The price reported represents the weighted average price. |
| 10. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $347.63 to $348.61 per share. The price reported represents the weighted average price. |
| 11. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $348.63 to $349.62 per share. The price reported represents the weighted average price. |
| 12. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $349.77 to $350.75 per share. The price reported represents the weighted average price. |
| 13. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $350.81 to $351.23 per share. The price reported represents the weighted average price. |
| 14. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $355.04 to $355.55 per share. The price reported represents the weighted average price. |
| Remarks: |
| /s/ Ariel E. Greenstein, Attorney-in-Fact for Joshua D. Schmidt | 03/17/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||