TELEPHONE & DATA SYSTEMS INC /DE/ — Director's Dealing 2023

Oct 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2023-10-04

Reporting Person: Carlson Prudence E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-04	Common Shares	G	423111	—	Disposed	1582674	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-10-04	Series A Common Shares	$	G	20629	Disposed		Common Shares (20629)	Indirect

Footnotes

F1: Gift to children

F2: Reporting person is one of four trustees of a Voting Trust which is record owner of these Common Shares and which files its holdings on a Form 4. The shares reported are held by respective reporting person and her family members that have a pecuniary interest in such securities. Reporting person already reports children's ownership in the Voting Trust. Accordingly the gift did not result in a change in the number of securities reported as beneficially owned by reporting person. Includes 691,720 Common Shares held by a family partnership of which reporting person is a general partner.

F3: Series A Common Shares are convertible on a share for share basis into Common Shares.

F4: Reporting person is one of four trustees of a Voting Trust which is record owner of these Series A Common Shares and which files its holdings on a Form 4. The shares reported are held by respective reporting person and her family members that have a pecuniary interest in such securities. Reporting person already reports children's ownership in the Voting Trust. Accordingly, the gift did not result in a change in the number of securities reported as beneficially owned by reporting person. Includes 753,934 Series A Common Shares held by a family partnership of which reporting person is a general partner.