Chen Lawrence Liren, President and CEO, has engaged in a series of insider transactions exclusively involving InterDigital, Inc. (ticker: IDCC), as disclosed in SEC Form 4 filings. Over 26 reported trades, Chen has demonstrated a clear selling bias, with no recorded purchases and total sell transactions amounting to $19,505,597.72. This pattern is particularly pronounced in recent activity, where all 14 transactions since December 2025 have been sales. Notable sales include a $3,270,571.10 transaction on March 15, 2026, and a $6,685,719.85 sale on the same date, marking some of the largest individual dispositions. Earlier in 2026, Chen executed multiple sales, including a $971,962.25 transaction on January 21 and a $903,715.75 sale on January 20. The consistency and scale of these sales suggest a strategic reduction in Chen’s holdings in InterDigital. While the filings do not indicate any acquisitions, they do include several acquisitions of derivative securities with a value of $0, reflecting adjustments to Chen’s equity position without direct purchases of common stock. This activity underscores a focused divestment strategy, with Chen systematically liquidating significant portions of his InterDigital holdings over an extended period.
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