Leroy T Jr Carlson - Aug 12, 2025 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Role
Vice Chair, Director
Signature
Julie D Mathews, by power of atty
Stock symbol
TDS
Transactions as of
Aug 12, 2025
Transactions value $
-$5,170,290
Form type
4
Date filed
8/14/2025, 04:19 PM
Previous filing
Jun 12, 2025
Next filing
Aug 22, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
CARLSON LEROY T JR Vice Chair, Director 30 N. LASALLE STREET, SUITE 4000, CHICAGO Julie D Mathews, by power of atty 2025-08-14 0000901731

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $471K +18.3K +4.96% $25.70 388K Aug 12, 2025 Direct
transaction TDS Common Shares Options Exercise $1.58M +53.8K +13.88% $29.45 441K Aug 12, 2025 Direct
transaction TDS Common Shares Options Exercise $1.1M +39.7K +8.99% $27.79 481K Aug 12, 2025 Direct
transaction TDS Common Shares Sale -$4.27M -112K -23.24% $38.15 369K Aug 12, 2025 Direct F1
transaction TDS Common Shares Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities -$904K -23.3K -100% $38.81 0 Aug 13, 2025 By 401(k) F2
holding TDS Common Shares 473K Aug 12, 2025 By Trust
holding TDS Common 78.9K Aug 12, 2025 By Trust
holding TDS Common Shares 212K Aug 12, 2025 By Trust
holding TDS Common Shares 106K Aug 12, 2025 By Wife's Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TDS Option (Right to Buy) Options Exercise -$471K -18.3K -100% $25.70 0 Aug 12, 2025 Common Shares 18.3K $25.70 Direct F3
transaction TDS Option (Right to Buy) Options Exercise -$1.58M -53.8K -100% $29.45 0 Aug 12, 2025 Common Shares 53.8K $29.45 Direct F3
transaction TDS Option (Right to Buy) Options Exercise -$1.1M -39.7K -100% $27.79 0 Aug 12, 2025 Common Shares 39.7K $27.79 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person sold Common Shares at an average price of $38.1511 of which the Common Shares were sold in multiple transactions at prices ranging from $37.705 and $38.78. The reporting person undertakes to provide to the SEC, the Issuer and any security holder, the full information regarding the number of shares and the prices at which the shares were sold.
F2 Reporting person had an intra-plan transfer of funds between the TDS Common Stock fund and another plan fund in the TDS 401(k) plan. The number of shares held in the TDS 401(k) Common Stock funds fluctuates and was attributable to the price of the shares on 8/13/25.
F3 Granted under the Long-Term Incentive Plan. Stock options were vested.