TELEPHONE & DATA SYSTEMS INC /DE/ — Director's Dealing 2025

Aug 18, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2025-08-18

Reporting Person: Villacrez Vicki L (Director, Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-08-18	Common Shares	S	26334	$39.0171	Disposed	454	Direct

Footnotes

F1: Reporting person sold Common Shares at an average price of $39.0171 of which the Common Shares were sold in multiple transactions at prices ranging from $39.00 and $39.145. 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.