Leroy T Jr Carlson - Jun 11, 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
Jun 11, 2025
Transactions value $
$859,034
Form type
4
Date filed
6/12/2025, 04:52 PM
Previous filing
May 22, 2025
Next filing
Aug 14, 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 2025-06-12 0000901731

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $1.54M +45.1K +13.11% $34.17 389K Jun 11, 2025 Direct F1
transaction TDS Common Shares Tax liability -$683K -20K -5.14% $34.17 369K Jun 11, 2025 Direct F2
holding TDS Common Shares 473K Jun 11, 2025 By trust
holding TDS Common 78.9K Jun 11, 2025 By Trust
holding TDS Common Shares 106K Jun 11, 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 Restricted Stock Units Options Exercise $0 -45.1K -33.33% $0.00 90.3K Jun 11, 2025 Common Shares 45.1K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units were awarded on June 11, 2024, pursuant to the 2022 Long Term Incentive Plan. One-third of the restricted stock units will vest on the first, second and third annual anniversaries of the Grant Date. This transaction represents settlement of the first vesting. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
F2 Shares withheld to pay taxes on restricted stock units that vested on June 11, 2025.