SEC Form 4 · accession 0000901731-26-000015
TELEPHONE & DATA SYSTEMS INC /DE/ · TDS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leroy T Carlson Jr.
Officer — Vice Chair · Director
Period of report
Sep 3, 2026
Accepted (ET)
Sep 8, 2026 · 5:03 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001051512
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F2 | Sep 3, 2026 | G | 144,599 | $0.00 | D | 253,170 | D | |
| Common SharesF3 | Sep 3, 2026 | G | 140,000 | $0.00 | A | 140,000 | I | By Wife |
| Common SharesF4 | Sep 3, 2026 | G | 116,374 | $0.00 | D | 1,813,360 | I | By Voting Trust |
| Common SharesF4 | Sep 3, 2026 | G | 116,374 | $0.00 | A | 1,813,360 | I | By Voting Trust |
| Common SharesF4 | Sep 3, 2026 | G | 112,407 | $0.00 | D | 1,813,360 | I | By Voting Trust |
| Common SharesF4 | Sep 3, 2026 | G | 112,407 | $0.00 | A | 1,813,360 | I | By Voting Trust |
| Common SharesF1 | Sep 3, 2026 | G | 85,150 | $0.00 | D | 0 | I | By 2024 Trust |
| Common Shares | Sep 3, 2026 | G | 85,150 | $0.00 | A | 85,150 | I | By Wife 2003 Trust |
| Common Shares | holding | — | — | — | 500,000 | I | By 2026 Trust | |
| Common SharesF3 | holding | — | — | — | 78,521 | I | By Wife 2026 Trust | |
| Common Shares | holding | — | — | — | 211,758 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Common SharesF5 | — | Sep 3, 2026 | G | 18,280 | D | — | — | Common Shares | 18,280 | 0 | I |
| Series A Common SharesF5 | — | Sep 3, 2026 | G | 18,280 | A | — | — | Common Shares | 18,280 | 18,280 | I |
| Series A Common SharesF6,F5 | — | Sep 3, 2026 | G | 58,993 | D | — | — | Common Shares | 58,993 | 1,979,295 | I |
| Series A Common SharesF6,F5 | — | Sep 3, 2026 | G | 58,993 | A | — | — | Common Shares | 58,993 | 1,979,295 | I |
| Series A Common SharesF6,F5 | — | Sep 3, 2026 | G | 2,109 | D | — | — | Common Shares | 2,109 | 1,979,295 | I |
| Series A Common SharesF6,F5 | — | Sep 3, 2026 | G | 2,109 | A | — | — | Common Shares | 2,109 | 1,979,295 | I |
| Series A Common SharesF5 | — | Sep 3, 2026 | G | 297 | D | — | — | Common Shares | 297 | 0 | I |
| Series A Common SharesF5 | — | Sep 3, 2026 | G | 297 | A | — | — | Common Shares | 297 | 297 | I |
| Series A Common SharesF5 | — | holding | — | — | — | — | — | Common Shares | 11,424 | 11,424 | I |
| Series A Common SharesF5 | — | holding | — | — | — | — | — | Common Shares | 12,858 | 12,858 | I |
Explanation of responses
- F1Reporting 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.
- F2These 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.
- F3These 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.
- F4Reporting 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.
- F5Series A Common shares are convertible, on a share-for-share basis, into common shares.
- F6Reporting 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.