not a good sign, the CFO is turning in stock (this early in the year) to get his "free" stock, instead of paying some tax and keeping the stock for the future.
BREZSKI RICHARD 2. Issuer Name and Ticker or Trading Symbol
InterDigital, Inc. [ IDCC ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
200 BELLEVUE PARKWAY, SUITE 300 3. Date of Earliest Transaction (MM/DD/YYYY)
2/28/2023
(Street)
WILMINGTON, DE 19809
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 2/28/2023 M 12518 A $54.93 101881.7646 D
Common Stock 2/28/2023 S(1) 10386 D $73.77 (2) 91495.7646 D
Common Stock 1955 (3) I By 401(k) Plan
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Employee Stock Options (Right-to-Buy) $54.93 2/28/2023 M 12518 (4) 3/30/2023 Common Stock 12518 $0.00 0 D
Explanation of Responses:
(1) 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.
(2) 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.
(3) 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.
(4) The stock options vested in three equal annual installments beginning on March 30, 2017.
