Kevin R. Lowell - 04 Mar 2025 Form 4 Insider Report for UNITED STATES CELLULAR CORP (USM)

Role: EVP, Chief People Officer
Signature: Julie D. Mathews, by power of atty
Issuer symbol: USM
Transactions as of: 04 Mar 2025
Net transactions value: -$96,281
Form type: 4
Filing time: 06 Mar 2025, 16:28:33 UTC
Previous filing: 07 Mar 2025
Next filing: 10 Mar 2025
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		+5,865			5,865	04 Mar 2025	Direct	F1
transaction	USM	Common Shares	Tax liability	$96,281	-1,516	-26%	$63.51	4,349	04 Mar 2025	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	$0	-5,865	-33%	$0.000000	11,730	04 Mar 2025	Common Shares	5,865		Direct	F1

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

Explanation of Responses:

Id	Content
F1	On March 3, 2024, 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.