LEROY T JR CARLSON - 17 May 2025 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Role
Vice Chair, Director
Signature
Julie D. Mathews, by power of atty
Issuer symbol
TDS
Transactions as of
17 May 2025
Transactions value $
-$4,811,538
Form type
4
Filing time
20 May 2025, 16:34:52 UTC
Previous filing
13 Mar 2025
Next filing
22 May 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 20 May 2025 0000901731

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise +163K +106.2% 317K 17 May 2025 Direct F1
transaction TDS Common Shares Tax liability -$2.39M -68.4K -21.61% $34.93 248K 17 May 2025 Direct F2, F3
transaction TDS Common Shares Options Exercise +165K +66.53% 414K 18 May 2025 Direct F4
transaction TDS Common Shares Tax liability -$2.42M -69.3K -16.76% $34.93 344K 18 May 2025 Direct F3, F5
holding TDS Common Shares 473K 17 May 2025 By trust
holding TDS Common 78.9K 17 May 2025 By Trust
holding TDS Common Shares 106K 17 May 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 -163K -50% $0.00 163K 17 May 2025 Common Shares 163K Direct F1
transaction TDS Restricted Stock Units Options Exercise $0 -165K -100% $0.00 0 18 May 2025 Common Shares 165K Direct F4
* 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 May 17, 2023, 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 second 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 May 17, 2025.
F3 The market was closed on vest date therefore the previous trading day's close, May 16, 2025, was used to value the transaction.
F4 Restricted stock units awarded pursuant to the 2020 Long Term Incentive Plan. Restricted stock units that became vested on May 18, 2025. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
F5 Shares withheld to pay taxes on restricted stock units that vested on May 18, 2025.