Chen Lawrence Liren 4

What Happened Lawrence L. Chen, President, CEO and a director of InterDigital, sold a total of 5,950 shares in two open-market transactions. On 2026-01-20 he sold 2,975 shares at $303.77 each for $903,716, and on 2026-01-21 he sold 2,975 shares at $326.71 each for $971,962 — combined proceeds ≈ $1,875,678. These were outright sales (S), which are often routine liquidity transactions rather than a purchase/“bullish” signal.

Key Details

• Transaction dates & prices:
  • 2026-01-20: 2,975 shares at $303.77 — $903,716
  • 2026-01-21: 2,975 shares at $326.71 — $971,962
• Total shares sold: 5,950; total proceeds ≈ $1.88M.
• Shares owned after transaction: not specified in the supplied filing details.
• Footnote: Sales were made pursuant to a Rule 10b5‑1 trading plan adopted Sept 29, 2025 (Footnote F1).
• Filing date: 2026-01-21. No late filing flag indicated in the provided information.

Context A Rule 10b5‑1 plan lets insiders pre‑set trades to occur on specific dates or under defined conditions; trades under such plans are typically viewed as prearranged and can reduce the inference that sales were based on material nonpublic information. As these are sales rather than purchases, they generally reflect liquidity rather than a direct bullish signal about the company.