Douglas W. Chambers - 03 Apr 2024 Form 4 Insider Report for UNITED STATES CELLULAR CORP (USM)

Role: EVP-CFO & Treasurer, Director
Signature: Julie D. Mathews, by power of atty
Issuer symbol: USM
Transactions as of: 03 Apr 2024
Net transactions value: -$135,903
Form type: 4
Filing time: 05 Apr 2024, 16:18:05 UTC
Previous filing: 05 Mar 2024
Next filing: 08 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USM	Common Shares	Options Exercise		+11,522	+49%		35,107	03 Apr 2024	Direct	F1
transaction	USM	Common Shares	Tax liability	$135,903	-3,688	-11%	$36.85	31,419	03 Apr 2024	Direct	F2

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		-11,522	-100%		0	03 Apr 2024	Common Shares	11,522		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.