A statement of changes in beneficial ownership was filed on October 30, 2026, reporting that Joshua D. Schmidt, Chief Legal Officer and Corporate Secretary of InterDigital, Inc. (NASDAQ:IDCC), acquired 23.2417 shares of common stock through dividend equivalents credited on previously granted unvested restricted stock units.

Key Highlights

  • Reporting person: Joshua D. Schmidt, CLO and Corporate Secretary of InterDigital, Inc.
  • Transaction date: October 28, 2026, with the filing submitted on October 30, 2026.
  • Shares acquired: 23.2417 shares of common stock acquired (transaction code A) at a price of $0.
  • Source of acquisition: Restricted stock units received pursuant to dividend equivalents credited on unvested restricted stock units previously granted to the reporting person.
  • Beneficial ownership following transaction: 30,097.6295 shares of common stock held directly.
  • Filing made by: One reporting person; signed by Ariel E. Greenstein as Attorney-in-Fact for Joshua D. Schmidt.

Schmidt's Ownership Update Reflects InterDigital's Dividend Equivalent Policy on Unvested RSUs

According to the filing, Joshua D. Schmidt, who serves as Chief Legal Officer and Corporate Secretary of InterDigital, Inc., received 23.2417 shares of common stock on October 28, 2026. The acquisition carried a price of $0 and is classified under transaction code A, meaning the shares were acquired rather than disposed of. The filing notes that these shares represent restricted stock units received pursuant to dividend equivalents credited on unvested restricted stock units that were previously granted to Schmidt.

InterDigital, Inc. is a technology research and development company that licenses its intellectual property, including patents related to wireless and video technologies, to manufacturers and other industry participants. The filing explains that dividend equivalents accrue with respect to unvested restricted stock units "when and as cash dividends are paid on InterDigital, Inc.'s common stock." Following this transaction, Schmidt's directly held beneficial ownership stands at 30,097.6295 shares of common stock, according to the disclosure. No derivative securities transactions were reported in Table II of the filing.

The filing was submitted by Ariel E. Greenstein acting as Attorney-in-Fact for Joshua D. Schmidt and covers a single reporting person. The transaction was not indicated as being made pursuant to a Rule 10b5-1(c) trading plan, based on the absence of that checkbox being selected in the filing.

What Was Disclosed

The filing discloses that InterDigital CLO Joshua D. Schmidt acquired 23.2417 shares of common stock on October 28, 2026, at no cost, through dividend equivalents credited on previously granted unvested restricted stock units, bringing his direct beneficial ownership to 30,097.6295 shares.