TELEPHONE & DATA SYSTEMS INC /DE/ — Director's Dealing 2024

May 23, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2024-05-22

Reporting Person: Carlson Prudence E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-05-22	Common	A	6320	$19.25	Acquired	239060	Direct
2024-04-16	Common	W	78757.3674	—	Acquired	317817.3674	Direct
2024-04-16	Common Shares	W	47993.9516	—	Acquired	1632881.9516	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-04-16	Series A Common Shares	$	W	53730.2128	Acquired		Common Shares (53730.2128)	Indirect
2024-04-16	Series A Common Shares	$	W	18064.7053	Acquired		Common Shares (18064.7053)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Common Shares	$		Common Shares (100000)	100000	Indirect

Footnotes

F1: Shares acquired pursuant to a compensation plan for non-employee directors.

F2: Reporting person is one of four trustees of a voting trust which separately file on Form 4 for the issuer. The shares reported are held by respective reporting person and her family members that have a pecuniary interest in such securities. Includes 693,204 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 separately files on Form 4 for the issuer. The shares reported are held by respective reporting person and her family members that have a pecuniary interest in such securities. Includes 755,686 Series A Common Shares held by a family partnership of which reporting person is a general partner