Douglas W. Chambers - Apr 3, 2024 Form 4 Insider Report for UNITED STATES CELLULAR CORP (USM)

Role: EVP-CFO & Treasurer, Director
Signature: Julie D. Mathews, by power of atty
Stock symbol: USM
Transactions as of: Apr 3, 2024
Transactions value $: -$135,903
Form type: 4
Date filed: 4/5/2024, 04:18 PM
Previous filing: Mar 5, 2024
Next filing: Apr 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USM	Common Shares	Options Exercise		+11.5K	+48.85%		35.1K	Apr 3, 2024	Direct	F1
transaction	USM	Common Shares	Tax liability	-$136K	-3.69K	-10.51%	$36.85	31.4K	Apr 3, 2024	Direct	F2

Showing 1 to 2 of 2 entries

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	USM	Restricted Stock Units	Options Exercise		-11.5K	-100%		0	Apr 3, 2024	Common Shares	11.5K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On April 3, 2023, reporting person was granted Restricted Stock Units (RSUs) under the United States Cellular Corporation Long-Term Incentive Plan. RSUs vest one-third each year on the first, second and third anniversaries of the grant date. This transaction represents settlement of the first vesting.
F2	Shares withheld to pay for taxes.