CARLSON LEROY T JR

PrivateCIK: 901731
Location

CHICAGO, IL

CARLSON LEROY T JR (Vice Chair) exercised options at TELEPHONE & DATA SYSTEMS INC /DE/

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises
InsiderCARLSON LEROY T JRCIK 901731
DirectorOfficer· Vice Chair
Since Feb 2026
-373.04K
Net shares
Net seller
$15.11M
Total sold
0
Open market trades
0B · 0S
6
Total transactions
876.49K acquired · 1.25M disposed
Non-Derivative Transactions4

Common Shares

Direct
M · Option Exercise

Shares

+713.34K

Price / share

$40.50

Trade value

$28.89M

% of position

195.2%
5/17/2026
365.36K1.08M

Common Shares

Direct
F · Tax Withholding

Shares

306.56K

Price / share

$40.50

Trade value

$12.42M

% of position

28.4%
5/17/2026
1.08M772.14K

Common Shares

Direct
M · Option Exercise

Shares

+163.15K

Price / share

$40.50

Trade value

$6.61M

% of position

21.1%
5/17/2026
772.14K935.29K

Common Shares

Direct
F · Tax Withholding

Shares

66.48K

Price / share

$40.50

Trade value

$2.69M

% of position

7.1%
5/17/2026
935.29K868.81K
Total

Net shares

+503.45K

Net value

$20.39M

Derivative Transactions2

Restricted Stock Units

Direct
M · Option Exercise
Converts to

Common Shares

163.15K shares

Shares

163.15K

Strike price

Held after

0.00

Exercisable

5/17/2026

Performance Share Units

Direct
M · Option Exercise
Converts to

Common Shares

713.34K shares

Shares

713.34K

Strike price

Held after

0.00

Exercisable

5/17/2026
Non-Derivative Holdings (Post-Transaction)6

Common Shares

Indirect
Shares owned40.98K

Common

Indirect
Shares owned78.94K

Common Shares

Indirect
Shares owned211.76K

Common Shares

Indirect
Shares owned312.24K

Common Shares

Indirect
Shares owned1.81M

Common Shares

Indirect
Shares owned37.54K
Total
2.49M indirect2.49M
Derivative Holdings (Post-Transaction)0
No derivative holdings reported
CARLSON LEROY T JR — Insider Transaction (Form 4) Filed May 19, 2026 | Finecho