The insider sales are too small relative to market cap to warrant a bearish read. Monitor for any material corporate events (earnings, licensing deals, or patent rulings) that could justify a larger move. The CTO's June 11 sale at $290 is slightly above the cluster average of ~$258, but still immaterial in size.
Price Chart
Executive Summary
Two C-suite executives at InterDigital (CTO and CLO) sold a combined $606K in open-market sales over a one-week window, with the CTO also selling an additional $435K on June 11. The total $1.04M in open-market sales represents ~0.014% of the $7.2B market cap — a trivial amount. The cluster is dominated by non-cash director grants (906 shares each at $0) and immaterial tax-withholding dispositions ($219 each), which carry no economic signal. The sales are small relative to market cap and likely reflect routine portfolio diversification, not a bearish view on the company.
Key Financial Metrics
Key Facts
- CTO Pankaj Rajesh sold 1,500 shares open-market at $290 for $435K on June 11 (separate from the cluster window)
- CTO Pankaj Rajesh sold 750 shares open-market at $258.38 for $194K on June 5
- CLO Julia Mattis sold 1,600 shares open-market at $257.65 for $412K on June 3
- Total open-market sales in cluster: $606K (CTO $194K + CLO $412K)
- Seven directors received non-cash grants of 906 shares each on June 10 ($0 value)
- Five directors disposed of 0.864 shares each for tax withholding on June 11 ($219 each, total $1,097)
- Total open-market sales including June 11 CTO sale: $1.04M, or ~0.014% of $7.2B market cap
- Analyst consensus is 90% bullish (9 Buy, 1 Hold)
Financial Impact
Total open-market sales of $1.04M represent ~0.014% of market cap — economically trivial
Risk Factors
- Insider sales, while small, could precede a negative catalyst not yet public
- The CTO sold twice in one week — if this pattern continues, it could signal a change in conviction
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-IDCC-1781297618437 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | Press Release | $332.88 | awaiting T+20 | — | $323.94 (−2.69%) |
Aug 26, 2026 8w ago | Institutional Cluster | $344.32 $328.03 | ▼ −4.73% | ▼ −4.96% | $323.94 (−5.92%) |
Aug 10, 2026 11w ago | Insider Cluster | $348.25 $340.94 | ▲ +2.10% | ▲ +1.18% | $323.94 (+6.98%) |
Jul 30, 2026 12w ago | 8-K | $303.33 $334.65 | ▲ +10.33% | ▲ +6.36% | $323.94 (+6.79%) |
Jul 30, 2026 12w ago | Press Release | $303.33 $334.65 | ▲ +10.33% | ▲ +6.36% | $323.94 (+6.79%) |
Jul 23, 2026 13w ago | Press Release | $256.06 $341.74 | ▲ +33.46% | ▲ +30.15% | $323.94 (+26.51%) |
Jul 10, 2026 15w ago | Press Release | $261.52 $348.25 | ▲ +33.16% | ▲ +29.98% | $323.94 (+23.87%) |
Jun 16, 2026 18w ago | Insider Cluster | $287.15 $265.49 | ▼ −7.54% | ▼ −7.74% | $323.94 (+12.81%) |
Jun 16, 2026 18w ago | Press Release | $287.15 $265.49 | ▼ −7.54% | ▼ −7.74% | $323.94 (+12.81%) |
Jun 8, 2026 19w ago | Insider Cluster | $257.11 $276.02 | ▲ +7.35% | ▲ +5.91% | $323.94 (+25.99%) |
US Market Status
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