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

May 23, 2025

31096_dirs_2025-05-22_b1ff2971-b7c9-43c3-8aa8-272f77704bb3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2025-05-22

Reporting Person: Carlson Prudence E (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-05-22 Common A 3548 $33.83 Acquired 321777 Direct
2025-02-14 Common Shares W 806960.9689 Acquired 1634394 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-02-14 Series A Common Shares $ W 526.1972 Acquired Common Shares (526.1972) Indirect
2025-02-14 Series A Common Shares $ W 100000 Disposed Common Shares (100000) Indirect
2025-02-14 Series A Common Shares $ W 100000 Acquired Common Shares (100000) Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Series A Common Shares $ Common Shares (117980) 117980 Direct

Footnotes

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

F2: Shares acquired from an estate for which reporting person already reported such shares in her holdings. 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 693,620 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.

F4: Shares acquired from an estate for which reporting person already reported such shares in her holdings. 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 756,177 Series A Common Shares held by a family partnership of which reporting person is a general partner.

F5: The shares reported are held by trusts for which the reporting person serves as trustee.