Michael Irizarry - Apr 10, 2023 Form 4 Insider Report for UNITED STATES CELLULAR CORP (USM)

Role
EVP-CTO
Signature
Julie D. Mathews, by power of atty
Stock symbol
USM
Transactions as of
Apr 10, 2023
Transactions value $
-$417,077
Form type
4
Date filed
4/11/2023, 09:39 AM
Previous filing
Apr 7, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USM Common Shares Sale -$417K -18.8K -50% $22.15 18.8K Apr 10, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares were sold pursuant to a Rule 10b5-1 plan adopted by reporting person.
F2 The price reported is the average weighted price. The shares were sold in multiple transactions at prices ranging from $21.85 to $22.24, inclusive. The reporting person undertakes to provide to the SEC, the Issuer and any security holder, the full information regarding the number of shares and the prices at which the shares were sold.