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person · Reporting owner

CARLSON LEROY T JR

Disclosed activity across 1 company

Tapewire entity
38378
SEC CIK
0000901731

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
TELEPHONE & DATA SYSTEMS INC /DE/TDS · Entity 4074Director · Vice ChairSeptember 16, 2026September 17, 2026

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

TELEPHONE & DATA SYSTEMS INC /DE/

Report date September 16, 2026 · Filed September 17, 2026

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common SharesSEC Table I · non-derivativeDirect253,170 Reported balance After 2026-09-16 transaction · row 1
1 source row

Row 1 · 2026-09-16 · Gift · Disposed 227,190 · Balance 253,170

Common SharesSEC Table I · non-derivativeIndirectBy Wife140,000 Reported balance Holding disclosure · report date 2026-09-16 · row 2 Holding and transaction disclosures are not merged.
1 source row

Row 2 · Balance 140,000

Common SharesSEC Table I · non-derivativeIndirectBy Wife 2026 Trust78,521.322 Reported balance Holding disclosure · report date 2026-09-16 · row 3 Holding and transaction disclosures are not merged.
1 source row

Row 3 · Balance 78,521.322

Common SharesSEC Table I · non-derivativeIndirectBy 2026 Trust500,000 Reported balance Holding disclosure · report date 2026-09-16 · row 4 Holding and transaction disclosures are not merged.
1 source row

Row 4 · Balance 500,000

Common SharesSEC Table I · non-derivativeIndirectBy Wife 2003 Trust85,149.928 Reported balance Holding disclosure · report date 2026-09-16 · row 5 Holding and transaction disclosures are not merged.
1 source row

Row 5 · Balance 85,149.928

Common SharesSEC Table I · non-derivativeIndirectBy Trust211,758 Reported balance Holding disclosure · report date 2026-09-16 · row 6 Holding and transaction disclosures are not merged.
1 source row

Row 6 · Balance 211,758

CommonSEC Table I · non-derivativeIndirectBy Trust78,943 Reported balance Holding disclosure · report date 2026-09-16 · row 7 Holding and transaction disclosures are not merged.
1 source row

Row 7 · Balance 78,943

Common SharesSEC Table I · non-derivativeIndirectBy Voting Trust1,813,360 Reported balance Holding disclosure · report date 2026-09-16 · row 8 Holding and transaction disclosures are not merged.
1 source row

Row 8 · Balance 1,813,360

F1: Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Common Shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 693,778 Common Shares held by a family partnership of which reporting person is a general partner, of which 23,780 has been accumulated in dividend reinvestment. This number also includes Common Shares that the reporting person accumulates in the dividend reinvestment plan.

Filing footnotes · ownership attribution and instrument terms

F1: Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Common Shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 693,778 Common Shares held by a family partnership of which reporting person is a general partner, of which 23,780 has been accumulated in dividend reinvestment. This number also includes Common Shares that the reporting person accumulates in the dividend reinvestment plan.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
September 16, 2026 Filed Sep 17, 2026 21:06 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 227,190 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000019 · wk-form4_1789679178.xml · nonDerivative · entry 1

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 253,170

Read SEC document
September 11, 2026 Filed Sep 15, 2026 21:09 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionOption (Right to Buy) · Derivative 77,100 $0.00 Strike: $19.15 $0.00
Disclosure

SEC source: 0000901731-26-000017 · wk-form4_1789506574.xml · derivative · entry 10

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares · 77,100 shares

Expires 2030-05-21

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_date: Granted under the Long-Term Incentive Plan. Stock options were vested.

Read SEC document
September 11, 2026 Filed Sep 15, 2026 21:09 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 SaleCommon Shares 77,100 $38.45 $2,964,811.11
Disclosure

SEC source: 0000901731-26-000017 · wk-form4_1789506574.xml · nonDerivative · entry 2

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 480,360

F2 · price: 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.

Read SEC document
September 11, 2026 Filed Sep 15, 2026 21:09 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionCommon Shares 77,100 $19.15 $1,476,465.00
Disclosure

SEC source: 0000901731-26-000017 · wk-form4_1789506574.xml · nonDerivative · entry 1

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 557,460

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: 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.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftSeries A Common Shares · Derivative 296.914 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · derivative · entry 19

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By 2003 Trust

Disclosed balance after: 296.914

Underlying: Common Shares · 296.914 shares

Expires not disclosed

F5 · derivative.exercise_price: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.exercise_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.expiration_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftSeries A Common Shares · Derivative 296.914 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · derivative · entry 18

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Wife's Trust

Disclosed balance after: 0

Underlying: Common Shares · 296.914 shares

Expires not disclosed

F5 · derivative.exercise_price: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.exercise_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.expiration_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftSeries A Common Shares · Derivative 2,108.804 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · derivative · entry 17

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Voting Trust

Disclosed balance after: 1,979,295

Underlying: Common Shares · 2,108.804 shares

Expires not disclosed

F5 · derivative.exercise_price: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.exercise_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.expiration_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F6 · balance_after: Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Series A shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 756,363 Series A Shares held by a family partnership of which reporting person is a general partner, of which 28,075.6 has been accumulated in dividend reinvestment. This number also includes Series A Shares that the reporting person accumulates in the dividend reinvestment plan.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftSeries A Common Shares · Derivative 2,108.804 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · derivative · entry 16

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Voting Trust

Disclosed balance after: 1,979,295

Underlying: Common Shares · 2,108.804 shares

Expires not disclosed

F5 · derivative.exercise_price: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.exercise_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.expiration_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F6 · balance_after: Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Series A shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 756,363 Series A Shares held by a family partnership of which reporting person is a general partner, of which 28,075.6 has been accumulated in dividend reinvestment. This number also includes Series A Shares that the reporting person accumulates in the dividend reinvestment plan.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftSeries A Common Shares · Derivative 58,993.462 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · derivative · entry 15

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Voting Trust

Disclosed balance after: 1,979,295

Underlying: Common Shares · 58,993.462 shares

Expires not disclosed

F5 · derivative.exercise_price: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.exercise_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.expiration_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F6 · balance_after: Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Series A shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 756,363 Series A Shares held by a family partnership of which reporting person is a general partner, of which 28,075.6 has been accumulated in dividend reinvestment. This number also includes Series A Shares that the reporting person accumulates in the dividend reinvestment plan.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftSeries A Common Shares · Derivative 58,993.462 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · derivative · entry 14

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Voting Trust

Disclosed balance after: 1,979,295

Underlying: Common Shares · 58,993.462 shares

Expires not disclosed

F5 · derivative.exercise_price: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.exercise_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.expiration_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F6 · balance_after: Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Series A shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 756,363 Series A Shares held by a family partnership of which reporting person is a general partner, of which 28,075.6 has been accumulated in dividend reinvestment. This number also includes Series A Shares that the reporting person accumulates in the dividend reinvestment plan.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftSeries A Common Shares · Derivative 18,279.878 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · derivative · entry 13

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Wife 2003 Trust

Disclosed balance after: 18,279.878

Underlying: Common Shares · 18,279.878 shares

Expires not disclosed

F5 · derivative.exercise_price: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.exercise_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.expiration_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftSeries A Common Shares · Derivative 18,279.878 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · derivative · entry 12

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 0

Underlying: Common Shares · 18,279.878 shares

Expires not disclosed

F5 · derivative.exercise_price: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.exercise_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F5 · derivative.expiration_date: Series A Common shares are convertible, on a share-for-share basis, into common shares.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 85,149.928 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · nonDerivative · entry 8

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Wife 2003 Trust

Disclosed balance after: 85,149.928

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 85,149.928 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · nonDerivative · entry 7

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By 2024 Trust

Disclosed balance after: 0

F1 · balance_after: Reporting person, in accordance with the provisions of a Grantor Retained Annuity Trust ("GRAT"), had shares of common stock distributed from GRAT to the reporting person as an annuity payment in accordance with the terms of the GRAT. The transfer is exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 112,407.01 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · nonDerivative · entry 6

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Voting Trust

Disclosed balance after: 1,813,360

F4 · balance_after: Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Common Shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 693,778 Common Shares held by a family partnership of which reporting person is a general partner, of which 23,780 has been accumulated in dividend reinvestment. This number also includes Common Shares that the reporting person accumulates in the dividend reinvestment plan.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 112,407.01 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · nonDerivative · entry 5

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Voting Trust

Disclosed balance after: 1,813,360

F4 · balance_after: Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Common Shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 693,778 Common Shares held by a family partnership of which reporting person is a general partner, of which 23,780 has been accumulated in dividend reinvestment. This number also includes Common Shares that the reporting person accumulates in the dividend reinvestment plan.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 116,374.122 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · nonDerivative · entry 4

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Voting Trust

Disclosed balance after: 1,813,360

F4 · balance_after: Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Common Shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 693,778 Common Shares held by a family partnership of which reporting person is a general partner, of which 23,780 has been accumulated in dividend reinvestment. This number also includes Common Shares that the reporting person accumulates in the dividend reinvestment plan.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 116,374.122 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · nonDerivative · entry 3

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Voting Trust

Disclosed balance after: 1,813,360

F4 · balance_after: Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Common Shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 693,778 Common Shares held by a family partnership of which reporting person is a general partner, of which 23,780 has been accumulated in dividend reinvestment. This number also includes Common Shares that the reporting person accumulates in the dividend reinvestment plan.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 140,000 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · nonDerivative · entry 2

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Wife

Disclosed balance after: 140,000

F3 · balance_after: These figures reflect a transfer of 78,521.322 shares to a new GRAT. The transfer is exempt from Section 16 pursuant to Rule 16A-13 under the Exchange Act.

Read SEC document
September 03, 2026 Filed Sep 8, 2026 21:03 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 144,599 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000015 · wk-form4_1788901411.xml · nonDerivative · entry 1

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 253,170

F1 · balance_after: Reporting person, in accordance with the provisions of a Grantor Retained Annuity Trust ("GRAT"), had shares of common stock distributed from GRAT to the reporting person as an annuity payment in accordance with the terms of the GRAT. The transfer is exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.

F2 · balance_after: These figures reflect a transfer of 500,000 shares to a new GRAT. The transfer is exempt from Section 16 pursuant to Rule 16A-13 under the Exchange Act.

Read SEC document
June 11, 2026 Filed Jun 15, 2026 11:10 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionRestricted Stock Units · Derivative 0 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000013 · wk-form4_1781521845.xml · derivative · entry 9

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,134

Underlying: Common Shares · 45,135 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units were awarded on June 11, 2024, pursuant to TDS' 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. This transaction represents settlement of the second vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.

F1 · derivative.exercise_date: Restricted stock units were awarded on June 11, 2024, pursuant to TDS' 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. This transaction represents settlement of the second vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.

F1 · derivative.expiration_date: Restricted stock units were awarded on June 11, 2024, pursuant to TDS' 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. This transaction represents settlement of the second vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.

Read SEC document
June 11, 2026 Filed Jun 15, 2026 11:10 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Tax withholdingCommon Shares 18,935 $40.03 $757,968.05
Disclosure

SEC source: 0000901731-26-000013 · wk-form4_1781521845.xml · nonDerivative · entry 2

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 897,769

F2 · kind: Shares withheld to pay taxes.

Read SEC document
June 11, 2026 Filed Jun 15, 2026 11:10 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionCommon Shares 45,135 $40.03 $1,806,754.05
Disclosure

SEC source: 0000901731-26-000013 · wk-form4_1781521845.xml · nonDerivative · entry 1

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 916,704

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Restricted stock units were awarded on June 11, 2024, pursuant to TDS' 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. This transaction represents settlement of the second vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.

Read SEC document
May 21, 2026 Filed May 26, 2026 20:19 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionRestricted Stock Units · Derivative 4,961 $0.00 $0.00
Disclosure

SEC source: 0000901731-26-000011 · wk-form4_1779826794.xml · derivative · entry 9

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,922

Underlying: Common Shares · 4,961 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units were awarded on May 21, 2025, pursuant to TDS' 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. This transaction represents settlement of the first vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.

F1 · price: Restricted stock units were awarded on May 21, 2025, pursuant to TDS' 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. This transaction represents settlement of the first vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.

F1 · derivative.exercise_date: Restricted stock units were awarded on May 21, 2025, pursuant to TDS' 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. This transaction represents settlement of the first vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.

F1 · derivative.expiration_date: Restricted stock units were awarded on May 21, 2025, pursuant to TDS' 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. This transaction represents settlement of the first vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.

Read SEC document
May 21, 2026 Filed May 26, 2026 20:19 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Tax withholdingCommon Shares 2,198 $41.20 $90,557.60
Disclosure

SEC source: 0000901731-26-000011 · wk-form4_1779826794.xml · nonDerivative · entry 2

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 871,569

F2 · kind: Shares withheld to pay taxes on restricted stock units.

Read SEC document
May 21, 2026 Filed May 26, 2026 20:19 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionCommon Shares 4,961 $41.20 $204,393.20
Disclosure

SEC source: 0000901731-26-000011 · wk-form4_1779826794.xml · nonDerivative · entry 1

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 873,767

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Restricted stock units were awarded on May 21, 2025, pursuant to TDS' 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. This transaction represents settlement of the first vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.

F1 · price: Restricted stock units were awarded on May 21, 2025, pursuant to TDS' 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. This transaction represents settlement of the first vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.

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May 20, 2026 Filed May 21, 2026 22:40 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GrantRestricted Stock Units · Derivative 12,021 Not disclosed Not disclosed
Disclosure

SEC source: 0000901731-26-000009 · wk-form4_1779403198.xml · derivative · entry 1

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,021

Underlying: Common Shares · 12,021 shares

Expires not disclosed

F1 · derivative.exercise_price: Restricted stock units awarded pursuant to TDS' 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.

F1 · price: Restricted stock units awarded pursuant to TDS' 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.

F1 · derivative.exercise_date: Restricted stock units awarded pursuant to TDS' 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.

F1 · derivative.expiration_date: Restricted stock units awarded pursuant to TDS' 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.

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May 17, 2026 Filed May 19, 2026 20:53 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionPerformance Share Units · Derivative 713,344 $40.50 $28,890,432.00
Disclosure

SEC source: 0000901731-26-000007 · wk-form4_1779223997.xml · derivative · entry 12

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares · 713,344 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: On May 17, 2023, the reporting person was granted financial-based performance share units that would be measured over a three year time period. The performance share units have been accumulating quarterly dividend equivalents. The Compensation Human Resources Committee certified the third and final metric on February 25, 2026 and performance shares became adjusted for performance and time based. Each performance share unit represents the contingent right to receive one common share.

F1 · derivative.exercise_date: On May 17, 2023, the reporting person was granted financial-based performance share units that would be measured over a three year time period. The performance share units have been accumulating quarterly dividend equivalents. The Compensation Human Resources Committee certified the third and final metric on February 25, 2026 and performance shares became adjusted for performance and time based. Each performance share unit represents the contingent right to receive one common share.

F1 · derivative.expiration_date: On May 17, 2023, the reporting person was granted financial-based performance share units that would be measured over a three year time period. The performance share units have been accumulating quarterly dividend equivalents. The Compensation Human Resources Committee certified the third and final metric on February 25, 2026 and performance shares became adjusted for performance and time based. Each performance share unit represents the contingent right to receive one common share.

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May 17, 2026 Filed May 19, 2026 20:53 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionRestricted Stock Units · Derivative 163,146 $40.50 $6,607,413.00
Disclosure

SEC source: 0000901731-26-000007 · wk-form4_1779223997.xml · derivative · entry 11

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares · 163,146 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Restricted stock units were awarded on May 17, 2023, 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. This transaction represents settlement of the third and final vesting. Each restricted stock unit represents the contingent right to receive one common share.

F4 · derivative.exercise_date: Restricted stock units were awarded on May 17, 2023, 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. This transaction represents settlement of the third and final vesting. Each restricted stock unit represents the contingent right to receive one common share.

F4 · derivative.expiration_date: Restricted stock units were awarded on May 17, 2023, 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. This transaction represents settlement of the third and final vesting. Each restricted stock unit represents the contingent right to receive one common share.

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May 17, 2026 Filed May 19, 2026 20:53 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Tax withholdingCommon Shares 66,483 $40.50 $2,692,561.50
Disclosure

SEC source: 0000901731-26-000007 · wk-form4_1779223997.xml · nonDerivative · entry 4

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 868,806

F3 · kind: Shares withheld to pay taxes on restricted stock units that vested on May 17, 2026.

F2 · price: The market was closed on vest date therefore the previous trading day's close, May 15, 2026, was used to value the transaction.

Read SEC document
May 17, 2026 Filed May 19, 2026 20:53 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionCommon Shares 163,146 $40.50 $6,607,413.00
Disclosure

SEC source: 0000901731-26-000007 · wk-form4_1779223997.xml · nonDerivative · entry 3

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 935,289

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · kind: Restricted stock units were awarded on May 17, 2023, 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. This transaction represents settlement of the third and final vesting. Each restricted stock unit represents the contingent right to receive one common share.

F2 · price: The market was closed on vest date therefore the previous trading day's close, May 15, 2026, was used to value the transaction.

F4 · price: Restricted stock units were awarded on May 17, 2023, 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. This transaction represents settlement of the third and final vesting. Each restricted stock unit represents the contingent right to receive one common share.

Read SEC document
May 17, 2026 Filed May 19, 2026 20:53 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Tax withholdingCommon Shares 306,558 $40.50 $12,415,599.00
Disclosure

SEC source: 0000901731-26-000007 · wk-form4_1779223997.xml · nonDerivative · entry 2

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 772,143

F3 · kind: Shares withheld to pay taxes on restricted stock units that vested on May 17, 2026.

F2 · price: The market was closed on vest date therefore the previous trading day's close, May 15, 2026, was used to value the transaction.

Read SEC document
May 17, 2026 Filed May 19, 2026 20:53 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionCommon Shares 713,344 $40.50 $28,890,432.00
Disclosure

SEC source: 0000901731-26-000007 · wk-form4_1779223997.xml · nonDerivative · entry 1

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,078,701

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On May 17, 2023, the reporting person was granted financial-based performance share units that would be measured over a three year time period. The performance share units have been accumulating quarterly dividend equivalents. The Compensation Human Resources Committee certified the third and final metric on February 25, 2026 and performance shares became adjusted for performance and time based. Each performance share unit represents the contingent right to receive one common share.

F1 · price: On May 17, 2023, the reporting person was granted financial-based performance share units that would be measured over a three year time period. The performance share units have been accumulating quarterly dividend equivalents. The Compensation Human Resources Committee certified the third and final metric on February 25, 2026 and performance shares became adjusted for performance and time based. Each performance share unit represents the contingent right to receive one common share.

F2 · price: The market was closed on vest date therefore the previous trading day's close, May 15, 2026, was used to value the transaction.

Read SEC document
March 13, 2026 Filed Mar 17, 2026 13:05 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GrantDeferred Compensation · Derivative 3,480 Not disclosed Not disclosed
Disclosure

SEC source: 0000901731-26-000004 · wk-form4_1773752718.xml · derivative · entry 1

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 61,073

Underlying: Common Shares · 3,480 shares

Expires not disclosed

F1 · derivative.exercise_price: Reporting person deferred a portion of his bonus into TDS stock pursuant to the Long Term Incentive Plan. Reporting person is 100% vested in all bonus amounts and receives an employer match that vests ratably at 33%, 33% and 34% per year over a 3 year period. A total of 58,745 are vested which includes 14,684 dividend equivalent units.

F1 · price: Reporting person deferred a portion of his bonus into TDS stock pursuant to the Long Term Incentive Plan. Reporting person is 100% vested in all bonus amounts and receives an employer match that vests ratably at 33%, 33% and 34% per year over a 3 year period. A total of 58,745 are vested which includes 14,684 dividend equivalent units.

F1 · derivative.exercise_date: Reporting person deferred a portion of his bonus into TDS stock pursuant to the Long Term Incentive Plan. Reporting person is 100% vested in all bonus amounts and receives an employer match that vests ratably at 33%, 33% and 34% per year over a 3 year period. A total of 58,745 are vested which includes 14,684 dividend equivalent units.

F1 · derivative.expiration_date: Reporting person deferred a portion of his bonus into TDS stock pursuant to the Long Term Incentive Plan. Reporting person is 100% vested in all bonus amounts and receives an employer match that vests ratably at 33%, 33% and 34% per year over a 3 year period. A total of 58,745 are vested which includes 14,684 dividend equivalent units.

Read SEC document
February 25, 2026 Filed Feb 27, 2026 21:07 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GrantPerformance Share Units · Derivative 215,106 Not disclosed Not disclosed
Disclosure

SEC source: 0000901731-26-000002 · wk-form4_1772226450.xml · derivative · entry 3

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 669,108

Underlying: Common Shares · 215,106 shares

Expires not disclosed

F3 · derivative.exercise_price: On May 17, 2023, the reporting person was granted financial-based performance share units based on the performance of three key metrics. The payout could be increased to 160% of target or reduced to 0% on achievement of the key metrics. Based on company performance at December 31, 2025, the Compensation Human Resources Committee certified the third and final metric on February 25, 2026 at 200%. The Performance Shares representing the previously reported two metrics were certified on February 19, 2024, and are now adjusted for performance, time-based and will vest on May 17, 2026. The performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

F3 · price: On May 17, 2023, the reporting person was granted financial-based performance share units based on the performance of three key metrics. The payout could be increased to 160% of target or reduced to 0% on achievement of the key metrics. Based on company performance at December 31, 2025, the Compensation Human Resources Committee certified the third and final metric on February 25, 2026 at 200%. The Performance Shares representing the previously reported two metrics were certified on February 19, 2024, and are now adjusted for performance, time-based and will vest on May 17, 2026. The performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

F3 · derivative.exercise_date: On May 17, 2023, the reporting person was granted financial-based performance share units based on the performance of three key metrics. The payout could be increased to 160% of target or reduced to 0% on achievement of the key metrics. Based on company performance at December 31, 2025, the Compensation Human Resources Committee certified the third and final metric on February 25, 2026 at 200%. The Performance Shares representing the previously reported two metrics were certified on February 19, 2024, and are now adjusted for performance, time-based and will vest on May 17, 2026. The performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

F3 · derivative.expiration_date: On May 17, 2023, the reporting person was granted financial-based performance share units based on the performance of three key metrics. The payout could be increased to 160% of target or reduced to 0% on achievement of the key metrics. Based on company performance at December 31, 2025, the Compensation Human Resources Committee certified the third and final metric on February 25, 2026 at 200%. The Performance Shares representing the previously reported two metrics were certified on February 19, 2024, and are now adjusted for performance, time-based and will vest on May 17, 2026. The performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

Read SEC document
February 25, 2026 Filed Feb 27, 2026 21:07 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GrantPerformance Share Units · Derivative 79,599 Not disclosed Not disclosed
Disclosure

SEC source: 0000901731-26-000002 · wk-form4_1772226450.xml · derivative · entry 2

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 171,989

Underlying: Common Shares · 79,599 shares

Expires not disclosed

F2 · derivative.exercise_price: On June 11, 2024, the reporting person was granted financial-based performance share units based on the performance of three key metrics. The payout could be increased to 192% of target or reduced to 0% on achievement of the key metrics. Based on performance at December 31, 2025, the Compensation Human Resources Committee certified on February 25, 2026, the second metric at 83.8%. The first metric was certified on March 12, 2025 at 145.9%. Performance Shares representing the two metrics are now certified and adjusted for performance, time-based and will vest on June 11, 2027. The final metric is measured over a three year time period ending December 31, 2026, and remains subject to approval, and any dividend equivalents pursuant to this metric are subject to forfeiture if metric does not achieve minimum performance. Performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

F2 · price: On June 11, 2024, the reporting person was granted financial-based performance share units based on the performance of three key metrics. The payout could be increased to 192% of target or reduced to 0% on achievement of the key metrics. Based on performance at December 31, 2025, the Compensation Human Resources Committee certified on February 25, 2026, the second metric at 83.8%. The first metric was certified on March 12, 2025 at 145.9%. Performance Shares representing the two metrics are now certified and adjusted for performance, time-based and will vest on June 11, 2027. The final metric is measured over a three year time period ending December 31, 2026, and remains subject to approval, and any dividend equivalents pursuant to this metric are subject to forfeiture if metric does not achieve minimum performance. Performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

F2 · derivative.exercise_date: On June 11, 2024, the reporting person was granted financial-based performance share units based on the performance of three key metrics. The payout could be increased to 192% of target or reduced to 0% on achievement of the key metrics. Based on performance at December 31, 2025, the Compensation Human Resources Committee certified on February 25, 2026, the second metric at 83.8%. The first metric was certified on March 12, 2025 at 145.9%. Performance Shares representing the two metrics are now certified and adjusted for performance, time-based and will vest on June 11, 2027. The final metric is measured over a three year time period ending December 31, 2026, and remains subject to approval, and any dividend equivalents pursuant to this metric are subject to forfeiture if metric does not achieve minimum performance. Performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

F2 · derivative.expiration_date: On June 11, 2024, the reporting person was granted financial-based performance share units based on the performance of three key metrics. The payout could be increased to 192% of target or reduced to 0% on achievement of the key metrics. Based on performance at December 31, 2025, the Compensation Human Resources Committee certified on February 25, 2026, the second metric at 83.8%. The first metric was certified on March 12, 2025 at 145.9%. Performance Shares representing the two metrics are now certified and adjusted for performance, time-based and will vest on June 11, 2027. The final metric is measured over a three year time period ending December 31, 2026, and remains subject to approval, and any dividend equivalents pursuant to this metric are subject to forfeiture if metric does not achieve minimum performance. Performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

Read SEC document
February 25, 2026 Filed Feb 27, 2026 21:07 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GrantPerformance Share Units · Derivative 10,496 Not disclosed Not disclosed
Disclosure

SEC source: 0000901731-26-000002 · wk-form4_1772226450.xml · derivative · entry 1

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,803

Underlying: Common Shares · 10,496 shares

Expires not disclosed

F1 · derivative.exercise_price: On May 21, 2025, the reporting person was granted financial-based performance share units based on the performance of three key metrics and the payout could be increased to 168% of target or reduced to 24% on achievement of the key metrics. Based on company performance at December 31, 2025, the Compensation Human Resources Committee certified on February 25, 2026 two of the three metrics at 71.5%. The Performance Shares representing the two metrics were certified and now adjusted for performance, time-based and will vest on December 31, 2027. The final metric is measured over a three year time period ending December 31, 2027, and remains subject to approval, and any accrued dividend equivalents pursuant to this metric are subject to forfeiture if such metric does not achieve the minimum performance attainment. The performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

F1 · price: On May 21, 2025, the reporting person was granted financial-based performance share units based on the performance of three key metrics and the payout could be increased to 168% of target or reduced to 24% on achievement of the key metrics. Based on company performance at December 31, 2025, the Compensation Human Resources Committee certified on February 25, 2026 two of the three metrics at 71.5%. The Performance Shares representing the two metrics were certified and now adjusted for performance, time-based and will vest on December 31, 2027. The final metric is measured over a three year time period ending December 31, 2027, and remains subject to approval, and any accrued dividend equivalents pursuant to this metric are subject to forfeiture if such metric does not achieve the minimum performance attainment. The performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

F1 · derivative.exercise_date: On May 21, 2025, the reporting person was granted financial-based performance share units based on the performance of three key metrics and the payout could be increased to 168% of target or reduced to 24% on achievement of the key metrics. Based on company performance at December 31, 2025, the Compensation Human Resources Committee certified on February 25, 2026 two of the three metrics at 71.5%. The Performance Shares representing the two metrics were certified and now adjusted for performance, time-based and will vest on December 31, 2027. The final metric is measured over a three year time period ending December 31, 2027, and remains subject to approval, and any accrued dividend equivalents pursuant to this metric are subject to forfeiture if such metric does not achieve the minimum performance attainment. The performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

F1 · derivative.expiration_date: On May 21, 2025, the reporting person was granted financial-based performance share units based on the performance of three key metrics and the payout could be increased to 168% of target or reduced to 24% on achievement of the key metrics. Based on company performance at December 31, 2025, the Compensation Human Resources Committee certified on February 25, 2026 two of the three metrics at 71.5%. The Performance Shares representing the two metrics were certified and now adjusted for performance, time-based and will vest on December 31, 2027. The final metric is measured over a three year time period ending December 31, 2027, and remains subject to approval, and any accrued dividend equivalents pursuant to this metric are subject to forfeiture if such metric does not achieve the minimum performance attainment. The performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share.

Read SEC document
November 18, 2025 Filed Nov 20, 2025 21:44 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 4,016 Not disclosed Not disclosed
Disclosure

SEC source: 0000901731-25-000010 · wk-form4_1763675065.xml · nonDerivative · entry 1

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 365,357

F1 · price: By gift

Read SEC document
August 20, 2025 Filed Aug 22, 2025 20:12 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 27,000 $0.00 $0.00
Disclosure

SEC source: 0000901731-25-000008 · wk-form4_1755893553.xml · nonDerivative · entry 6

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Wife

Disclosed balance after: 37,543

F2 · price: By gift

Read SEC document
August 20, 2025 Filed Aug 22, 2025 20:12 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 GiftCommon Shares 161,749 $0.00 $0.00
Disclosure

SEC source: 0000901731-25-000008 · wk-form4_1755893553.xml · nonDerivative · entry 3

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 369,373

F2 · price: By gift

Read SEC document
August 19, 2025 Filed Aug 22, 2025 20:12 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 OtherCommon Shares 64,543 $0.00 $0.00
Disclosure

SEC source: 0000901731-25-000008 · wk-form4_1755893553.xml · nonDerivative · entry 5

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Wife

Disclosed balance after: 64,543

F3 · price: On August 19, 2025, reporting person's spouse, in accordance with the provisions of a Grantor Retained AnnuityTrust ("GRAT"), had 64,543 shares of common stock distributed from GRAT to the reporting person's spouse as an annuity payment in accordance with the terms of the GRAT. The transfer is exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.

Read SEC document
August 19, 2025 Filed Aug 22, 2025 20:12 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 OtherCommon Shares 64,543 $0.00 $0.00
Disclosure

SEC source: 0000901731-25-000008 · wk-form4_1755893553.xml · nonDerivative · entry 4

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Wife's Trust

Disclosed balance after: 40,978.32

F3 · price: On August 19, 2025, reporting person's spouse, in accordance with the provisions of a Grantor Retained AnnuityTrust ("GRAT"), had 64,543 shares of common stock distributed from GRAT to the reporting person's spouse as an annuity payment in accordance with the terms of the GRAT. The transfer is exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.

Read SEC document
August 19, 2025 Filed Aug 22, 2025 20:12 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 OtherCommon Shares 161,749 $0.00 $0.00
Disclosure

SEC source: 0000901731-25-000008 · wk-form4_1755893553.xml · nonDerivative · entry 2

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 531,122

F1 · price: On August 19, 2025, reporting person, in accordance with the provisions of a Grantor Retained Annuity Trust ("GRAT"), had 161,749 shares of common stock distributed from GRAT to the reporting person as an annuity payment in accordance with the terms of the GRAT. The transfer is exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.

Read SEC document
August 19, 2025 Filed Aug 22, 2025 20:12 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 OtherCommon Shares 161,749 $0.00 $0.00
Disclosure

SEC source: 0000901731-25-000008 · wk-form4_1755893553.xml · nonDerivative · entry 1

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 311,364

F1 · price: On August 19, 2025, reporting person, in accordance with the provisions of a Grantor Retained Annuity Trust ("GRAT"), had 161,749 shares of common stock distributed from GRAT to the reporting person as an annuity payment in accordance with the terms of the GRAT. The transfer is exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.

Read SEC document
August 13, 2025 Filed Aug 14, 2025 20:19 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 OtherCommon Shares 23,299 $38.81 $904,234.19
Disclosure

SEC source: 0000901731-25-000006 · wk-form4_1755202749.xml · nonDerivative · entry 5

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By 401(k)

Disclosed balance after: 0

F2 · shares: Reporting person had an intra-plan transfer of funds between the TDS Common Stock fund and another plan fund in the TDS 401(k) plan. The number of shares held in the TDS 401(k) Common Stock funds fluctuates and was attributable to the price of the shares on 8/13/25.

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August 12, 2025 Filed Aug 14, 2025 20:19 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionOption (Right to Buy) · Derivative 39,700 $27.79 Strike: $27.79 $1,103,263.00
Disclosure

SEC source: 0000901731-25-000006 · wk-form4_1755202749.xml · derivative · entry 12

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares · 39,700 shares

Expires 2027-05-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: Granted under the Long-Term Incentive Plan. Stock options were vested.

Read SEC document
August 12, 2025 Filed Aug 14, 2025 20:19 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionOption (Right to Buy) · Derivative 53,800 $29.45 Strike: $29.45 $1,584,410.00
Disclosure

SEC source: 0000901731-25-000006 · wk-form4_1755202749.xml · derivative · entry 11

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares · 53,800 shares

Expires 2026-08-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: Granted under the Long-Term Incentive Plan. Stock options were vested.

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August 12, 2025 Filed Aug 14, 2025 20:19 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionOption (Right to Buy) · Derivative 18,320 $25.70 Strike: $25.70 $470,824.00
Disclosure

SEC source: 0000901731-25-000006 · wk-form4_1755202749.xml · derivative · entry 10

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares · 18,320 shares

Expires 2028-05-22

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_date: Granted under the Long-Term Incentive Plan. Stock options were vested.

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August 12, 2025 Filed Aug 14, 2025 20:19 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 SaleCommon Shares 111,820 $38.15 $4,266,056.00
Disclosure

SEC source: 0000901731-25-000006 · wk-form4_1755202749.xml · nonDerivative · entry 4

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 369,373

F1 · price: Reporting person sold Common Shares at an average price of $38.1511 of which the Common Shares were sold in multiple transactions at prices ranging from $37.705 and $38.78. 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.

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August 12, 2025 Filed Aug 14, 2025 20:19 UTC TELEPHONE & DATA SYSTEMS INC /DE/ TDS · Entity 4074 Exercise / conversionCommon Shares 39,700 $27.79 $1,103,263.00
Disclosure

SEC source: 0000901731-25-000006 · wk-form4_1755202749.xml · nonDerivative · entry 3

CARLSON LEROY T JR · CIK 0000901731 · Director · Vice Chair

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 481,193

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.