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

May 22, 2025

31096_dirs_2025-05-22_d902d950-74c2-46d9-9f82-5ffc78c6d940.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: 2025-05-21

Reporting Person: Butman James W (Director, President & CEO of subsidiary)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-05-21 Restricted Stock Units $ A 28416 Acquired Common Shares (28416) Direct

Footnotes

F1: Restricted stock units awarded 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.