Vicki L. Villacrez - 13 Aug 2025 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Signature
Julie D Mathews, by power of atty
Issuer symbol
TDS
Transactions as of
13 Aug 2025
Net transactions value
-$5,126,218
Form type
4
Filing time
15 Aug 2025, 17:03:01 UTC
Previous filing
12 Jun 2025
Next filing
18 Aug 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Villacrez Vicki L Executive Vice President & CFO, Director 30 N. LASALLE STREET, SUITE 4000, CHICAGO Julie D Mathews, by power of atty 15 Aug 2025 0001926297

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $397,928 +13,512 +14% $29.45 113,485 13 Aug 2025 Direct
transaction TDS Common Shares Options Exercise $396,174 +14,256 +13% $27.79 127,741 13 Aug 2025 Direct
transaction TDS Common Shares Options Exercise $444,738 +17,305 +14% $25.70 145,046 13 Aug 2025 Direct
transaction TDS Common Shares Options Exercise $94,034 +3,061 +2.1% $30.72 148,107 13 Aug 2025 Direct
transaction TDS Common Shares Options Exercise $126,869 +6,625 +4.5% $19.15 154,732 13 Aug 2025 Direct
transaction TDS Common Shares Options Exercise $4,590 +181 +0.12% $25.36 154,913 13 Aug 2025 Direct
transaction TDS Common Shares Sale $2,872,473 -73,878 -48% $38.88 81,035 13 Aug 2025 Direct F1
transaction TDS Common Shares Options Exercise $106,639 +4,205 +5.2% $25.36 85,240 15 Aug 2025 Direct
transaction TDS Common Shares Sale $2,253,745 -58,452 -69% $38.56 26,788 15 Aug 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 TDS Option (Right to Buy) Options Exercise $397,928 -13,512 -100% $29.45 0 13 Aug 2025 Common Shares 13,512 $29.45 Direct F3
transaction TDS Option (Right to Buy) Options Exercise $396,174 -14,256 -100% $27.79 0 13 Aug 2025 Common Shares 14,256 $27.79 Direct F3
transaction TDS Option (Right to Buy) Options Exercise $444,738 -17,305 -100% $25.70 0 13 Aug 2025 Common Shares 17,305 $25.70 Direct F3
transaction TDS Option (Right to Buy) Options Exercise $94,034 -3,061 -100% $30.72 0 13 Aug 2025 Common Shares 3,061 $30.72 Direct F3
transaction TDS Option (Right to Buy) Options Exercise $126,869 -6,625 -100% $19.15 0 13 Aug 2025 Common Shares 6,625 $19.15 Direct F3
transaction TDS Option (Right to Buy) Options Exercise $4,590 -181 -4.1% $25.36 4,205 13 Aug 2025 Common Shares 181 $25.36 Direct F3
transaction TDS Option (Right to Buy) Options Exercise $106,639 -4,205 -100% $25.36 0 15 Aug 2025 Common Shares 4,205 $25.36 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person sold Common Shares at an average price of $38.8813 of which the Common Shares were sold in multiple transactions at prices ranging from $38.88 and $38.97. 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.
F2 Reporting person sold Common Shares at an average price of $38.5572 of which the Common Shares were sold in multiple transactions at prices ranging from $38.50 and $38.76. 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.
F3 Granted under the TDS Long-Term Incentive Plan. Stock option is currently vested.