(TDS)

Reporting relationship: President & CEO of subsidiary, Director
Issuer ticker: TDS
Reported as of: 17 May 2025
Net transaction value: -$1,604,265
SEC form: 4
Accepted by SEC: 20 May 2025, 16:28:48 UTC
Prior SEC filing: 25 Feb 2025
Next SEC filing: 22 May 2025
Source filing: View source filing
Reporting owner signature: Julie D. Mathews, by power of atty

Key filing fact

James W. Butman filed Form 4 for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) on 20 May 2025.

Key facts

This page summarizes James W. Butman's Form 4 filing for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 20 May 2025, 16:28.

Change

Previous filing in this sequence was filed on 25 Feb 2025.
Current net transaction value: -$1,604,265.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001725739 Primary reporting owner

Butman James W

Relationship: President & CEO of subsidiary, Director
Address: 30 N. LASALLE STREET, SUITE 4000, CHICAGO
Signature: Julie D. Mathews, by power of atty
Signature date: 20 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TDS transaction

Common Shares

Options Exercise

Transaction value
Shares: +57,362
Change %: +24%
Price
Shares after: 291,528
Date: 17 May 2025
Ownership: Direct
Footnotes: F1

TDS transaction

Common Shares

Tax liability

Transaction value: $894,662
Shares: -25,613
Change %: -8.8%
Price: $34.93
Shares after: 265,915
Date: 17 May 2025
Ownership: Direct
Footnotes: F2, F3

TDS transaction

Common Shares

Options Exercise

Transaction value
Shares: +45,498
Change %: +17%
Price
Shares after: 311,413
Date: 18 May 2025
Ownership: Direct
Footnotes: F4

TDS transaction

Common Shares

Tax liability

Transaction value: $709,603
Shares: -20,315
Change %: -6.5%
Price: $34.93
Shares after: 291,098
Date: 18 May 2025
Ownership: Direct
Footnotes: F3, F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TDS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -57,362
Change %: -50%
Price: $0.000000
Shares after: 57,362
Date: 17 May 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 57,362
Exercise price
Footnotes: F1

TDS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -45,498
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 18 May 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 45,498
Exercise price
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote F2

Shares withheld to pay taxes on restricted stock units that vested on May 17, 2025.

Footnote F3

The market was closed on vest date therefore the previous trading day's close, May 16, 2025, was used to value the transaction.

Footnote F4

Restricted stock units awarded pursuant to the 2020 Long Term Incentive Plan. Restricted stock units 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.

Footnote F5

Shares withheld to pay taxes on restricted stock units that vested on May 18, 2025.