Richard Brezski - Mar 11, 2022 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Role
Chief Financial Officer
Signature
/s/ Amy A. Miraglia, Attorney-in-Fact for Richard J. Brezski
Stock symbol
IDCC
Transactions as of
Mar 11, 2022
Transactions value $
-$28,057
Form type
4
Date filed
3/15/2022, 04:08 PM
Previous filing
Jan 28, 2022
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Tax liability -$499K -7.91K -10.89% $63.00 64.8K Mar 11, 2022 Direct F1
transaction IDCC Common Stock Tax liability -$100K -1.59K -2.45% $63.00 63.2K Mar 11, 2022 Direct F2
transaction IDCC Common Stock Options Exercise $471K +8.9K +14.09% $52.85 72.1K Mar 11, 2022 Direct
transaction IDCC Common Stock Options Exercise $100K +1.89K +2.62% $52.85 74K Mar 11, 2022 Direct
holding IDCC Common Stock 1.91K Mar 11, 2022 By 401K Plan F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IDCC Employee Stock Option (Right-to-Buy) Options Exercise $0 +10.8K $0.00* 0 Mar 11, 2022 Common Stock 10.8K $52.85 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 990 shares of common stock on net exercise of an option to purchase 8,904 shares of common stock. The Company withheld 7,914 shares of common stock underlying the option for payment of the exercise price and tax withholdings using the stock price on March 11, 2022 of $63.00.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 304 shares of common stock on net exercise of an option to purchase 1,892 shares of common stock. The Company withheld 1,588 shares of common stock underlying the option for payment of the exercise price and tax withholdings using the stock price on March 11, 2022 of $63.00.
F3 As of the most recently published account statement, the reporting person beneficially owned this number of whole shares of common stock pursuant to the InterDigital Savings and Protection Plan.
F4 The stock options vested in approximately three equal annual installments beginning on March 15, 2016.