The CTO's open-market sale of $487K is material relative to his likely position size and comes right after a massive earnings-driven rally. While the dollar amount is modest relative to market cap, the timing and seniority of the seller warrant attention. Monitor for any additional insider sales or 10b5-1 plan disclosures in the next 30 days.
Price Chart
Executive Summary
Two InterDigital insiders — CTO Pankaj Rajesh and Director Joan Gillman — sold a combined $587K in open-market sales over the past week, with the CTO's $487K sale representing the bulk. The sales follow a Q2 earnings beat that sent the stock up ~26% in five days, suggesting profit-taking after a strong run rather than negative fundamental news.
Key Financial Metrics
Key Facts
- CTO Pankaj Rajesh sold 1,500 shares at $324.88 for $487,320 on 2026-08-05
- Director Joan H. Gillman sold 300 shares at $331.06 for $99,318 on 2026-08-07
- Total insider sales of $587K represent ~0.18% of InterDigital's ~$326M market cap
- Sales occurred 11 days after Q2 2026 earnings (reported 2026-07-30) which beat consensus by 203% on EPS and 82% on revenue
- Stock rose ~26% in the five days following the earnings release before these sales
Financial Impact
Total insider sales of $587K, approximately 0.18% of market cap
Risk Factors
- Insider selling after a sharp rally may indicate management believes the stock is fully valued
- No 10b5-1 plan indicated for the CTO's sale, increasing the likelihood of discretionary profit-taking
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-IDCC-1786359678038 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | Press Release | $332.88 | awaiting T+20 | — | $324.26 (−2.59%) |
Aug 26, 2026 8w ago | Institutional Cluster | $344.32 $328.03 | ▼ −4.73% | ▼ −4.96% | $324.26 (−5.83%) |
Aug 10, 2026 11w ago | Insider Cluster | $348.25 $340.94 | ▲ +2.10% | ▲ +1.18% | $324.26 (+6.89%) |
Jul 30, 2026 12w ago | 8-K | $303.33 $334.65 | ▲ +10.33% | ▲ +6.36% | $324.26 (+6.90%) |
Jul 30, 2026 12w ago | Press Release | $303.33 $334.65 | ▲ +10.33% | ▲ +6.36% | $324.26 (+6.90%) |
Jul 23, 2026 13w ago | Press Release | $256.06 $341.74 | ▲ +33.46% | ▲ +30.15% | $324.26 (+26.63%) |
Jul 10, 2026 15w ago | Press Release | $261.52 $348.25 | ▲ +33.16% | ▲ +29.98% | $324.26 (+23.99%) |
Jun 16, 2026 18w ago | Insider Cluster | $287.15 $265.49 | ▼ −7.54% | ▼ −7.74% | $324.26 (+12.92%) |
Jun 16, 2026 18w ago | Press Release | $287.15 $265.49 | ▼ −7.54% | ▼ −7.74% | $324.26 (+12.92%) |
Jun 8, 2026 20w ago | Insider Cluster | $257.11 $276.02 | ▲ +7.35% | ▲ +5.91% | $324.26 (+26.12%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers