Richard Brezski - Feb 28, 2023 Form 4 Insider Report for InterDigital, Inc. (IDCC)

Signature
/s/ Amy A. Miraglia, Attorney-in-Fact for Richard J. Brezski
Stock symbol
IDCC
Transactions as of
Feb 28, 2023
Transactions value $
-$78,561
Form type
4
Date filed
3/2/2023, 06:24 PM
Previous filing
Jan 27, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDCC Common Stock Options Exercise $688K +12.5K +14.01% $54.93 102K Feb 28, 2023 Direct
transaction IDCC Common Stock Sale -$766K -10.4K -10.19% $73.77 91.5K Feb 28, 2023 Direct F1, F2
holding IDCC Common Stock 1.96K Feb 28, 2023 By 401(k) 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 Options (Right-to-Buy) Options Exercise $0 -12.5K -100% $0.00* 0 Feb 28, 2023 Common Stock 12.5K $54.93 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale represents a sell-to-cover transaction, whereby a portion of the shares acquired through the exercise of employee stock options were sold in the open market, with the proceeds used to fund the aggregate exercise price of the options and associated tax withholdings.
F2 The number of securities reported represents an aggregate number of shares sold in multiple sell-to-cover transactions over a range of sales prices ranging from $72.59 to $74.35 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 range.
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 three equal annual installments beginning on March 30, 2017.