Form 4 for TDS TELEPHONE & DATA SYSTEMS INC /DE/

Accepted 2026-09-15 17:09:37 ET · period of report 2026-09-11 · accession 0000901731-26-000017 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2026-09-15 17:09	2026-09-11	TDS	CARLSON LEROY T JR	Vice COB, Dir	M - OptEx	$19.15	+77.1K	557.5K	+16%	+$1.48M
D	2026-09-15 17:09	2026-09-11	TDS	CARLSON LEROY T JR	Vice COB, Dir	S - Sale+OE	$38.45	-77.1K	480.4K	-14%	-$2.96M
D	2026-09-15 17:09	2026-09-11	TDS	CARLSON LEROY T JR	Vice COB, Dir	M - OptEx	$0.00	-77.1K	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Shares	2026-09-11	M	A	77,100	$19.15	557,460	D	—	—	(F1) These figures reflect an additional 227,190 shares that were previously transferred from Reporting Person's GRAT in a transaction that was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.
2	Common	Common Shares	2026-09-11	S	D	77,100	$38.45	480,360	D	—	—	(F2) Reporting person sold Common Shares at an average price of $37.454149 of which the Common Shares were sold in multiple transactions at prices ranging from $37.37 and $37.70. 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.
3	Derivative	Option (Right to Buy)	2026-09-11	M	D	77,100	$0.00	0	D	$19.15 · 2023-05-21 to 2030-05-21	77,100 Common Shares	(F4) Granted under the Long-Term Incentive Plan. Stock options were vested.