SEC Form 4 · accession 0000901731-26-000017
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 11, 2026
Accepted (ET)
Sep 15, 2026 · 5:09 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 | Sep 11, 2026 | M | 77,100 | $19.15 | A | 557,460 | D | |
| Common SharesF2 | Sep 11, 2026 | S | 77,100 | $38.4541 | D | 480,360 | D | |
| Common Shares | holding | — | — | — | 140,000 | I | By Wife | |
| Common Shares | holding | — | — | — | 78,521 | I | By Wife 2026 Trust | |
| Common Shares | holding | — | — | — | 500,000 | I | By 2026 Trust | |
| Common Shares | holding | — | — | — | 85,150 | I | By Wife 2003 Trust | |
| Common Shares | holding | — | — | — | 211,758 | I | By Trust | |
| Common | holding | — | — | — | 78,943 | I | By Trust | |
| Common SharesF3 | holding | — | — | — | 1,813,360 | I | By Voting Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F4 | $19.15 | Sep 11, 2026 | M | 77,100 | D | May 21, 2023 | May 21, 2030 | Common Shares | 77,100 | 0 | D |
Explanation of responses
- F1These 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.
- F2Reporting 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.
- F3Reporting 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.
- F4Granted under the Long-Term Incentive Plan. Stock options were vested.