Key insider move
Joshua D. Schmidt, who serves as Chief Legal Officer and Corporate Secretary at InterDigital, Inc. (NASDAQ: IDCC), sold a total of 5,902 shares of the company's common stock on March 17, 2026, realizing proceeds of approximately $2,089,259. The executed sales occurred at prices ranging from $344.35 to $355.17. The trades were carried out under a Rule 10b5-1 trading plan that Schmidt adopted on March 21, 2025.
Related equity activity tied to compensation and tax obligations
On the same day as those market sales, records show Schmidt also acquired 14,286.3085 shares of InterDigital common stock with a reported value of $0. In closely related activity, he disposed of several parcels of shares at $362.35: 6,604 shares, 0.3085 shares, 2,811 shares, and 2.4663 shares. Company disclosures indicate those dispositions were connected to the vesting of restricted stock units and the settlement of related tax liabilities.
Share performance and valuation context
InterDigital's stock has delivered a strong 62% return over the past year. Despite that performance, the share price currently sits above the InvestingPro Fair Value estimate and the company appears on the InvestingPro Most Overvalued list.
Recent operating and commercial developments
In corporate results, InterDigital reported fourth-quarter and full-year 2025 earnings that beat Wall Street expectations. The company posted earnings per share of $2.12, versus an anticipated $1.13, an indicated earnings surprise of 87.61%. Revenue for the period came in at $158 million, marginally above the expected $155.57 million.
On the licensing front, InterDigital signed a new patent license agreement with Sony. The agreement covers all Sony end-user devices under InterDigital's global patent portfolio and explicitly includes patents essential to cellular, WiFi, and video technologies. The company has characterized the deal as an extension of a long-term licensing relationship.
Litigation activity
Separately, InterDigital has initiated patent infringement litigation against television manufacturers Hisense and TCL. Those lawsuits have been filed in multiple international jurisdictions and focus on video compression and high dynamic range technologies. The company framed these actions as part of its efforts to protect and capitalize on its patent portfolio.
Where to find more information
For investors seeking additional analysis, InterDigital's financials and further commentary are available through the InvestingPro Pro Research Report referenced in company disclosures.
Summary of the filings and recent company moves
- Joshua D. Schmidt sold 5,902 shares on March 17, 2026 for about $2,089,259 under a Rule 10b5-1 plan adopted March 21, 2025.
- Schmidt also recorded the acquisition of 14,286.3085 shares with a value of $0 and multiple dispositions at $362.35 related to RSU vesting and tax settlements.
- InterDigital reported an EPS of $2.12 for Q4 and full-year 2025 and revenue of $158 million, both above consensus estimates.
- The company signed a global patent license with Sony and has filed infringement suits against Hisense and TCL in multiple jurisdictions focused on video compression and HDR.