CARLSON LEROY T JR (Vice Chair) reported 8 transactions at TELEPHONE & DATA SYSTEMS INC /DE/

Review the transaction codes below to understand the nature of each event.

CARLSON LEROY T JR

Filed: 9/8/2026ACC: 0000901731-26-000015

InsiderCARLSON LEROY T JRCIK 901731

→

IssuerTELEPHONE & DATA SYSTEMS INC /DE/CIK 1051512

DirectorOfficer· Vice Chair

Since Feb 2026

-4.60K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

533.61K acquired · 538.21K disposed

Non-Derivative Transactions8

Common Shares

Direct

G · Gift

−144.60K

Price / share

—

Trade value

—

% of position

36.4%

9/3/2026

397.77K→253.17K

Common Shares

Indirect

G · Gift

+140K

Price / share

—

Trade value

—

% of position

New position

9/3/2026

0.00→140K

Common Shares

Indirect

G · Gift

−116.37K

Price / share

—

Trade value

—

% of position

6.0%

9/3/2026

1.93M→1.81M

Common Shares

Indirect

G · Gift

+116.37K

Price / share

—

Trade value

—

% of position

6.9%

9/3/2026

1.70M→1.81M

Common Shares

Indirect

G · Gift

−112.41K

Price / share

—

Trade value

—

% of position

5.8%

9/3/2026

1.93M→1.81M

Common Shares

Indirect

G · Gift

+112.41K

Price / share

—

Trade value

—

% of position

6.6%

9/3/2026

1.70M→1.81M

Common Shares

Indirect

G · Gift

−85.15K

Price / share

—

Trade value

—

% of position

New position

9/3/2026

85.15K→0.00

Common Shares

Indirect

G · Gift

+85.15K

Price / share

—

Trade value

—

% of position

New position

9/3/2026

0.00→85.15K

Total

Net shares

−4.60K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	9/3/2026	G · Gift	−144.60K	—	—	36.4%	397.77K	253.17K
Common Shares Indirect	9/3/2026	G · Gift	+140K	—	—	New position	0.00	140K
Common Shares Indirect	9/3/2026	G · Gift	−116.37K	—	—	6.0%	1.93M	1.81M
Common Shares Indirect	9/3/2026	G · Gift	+116.37K	—	—	6.9%	1.70M	1.81M
Common Shares Indirect	9/3/2026	G · Gift	−112.41K	—	—	5.8%	1.93M	1.81M
Common Shares Indirect	9/3/2026	G · Gift	+112.41K	—	—	6.6%	1.70M	1.81M
Common Shares Indirect	9/3/2026	G · Gift	−85.15K	—	—	New position	85.15K	0.00
Common Shares Indirect	9/3/2026	G · Gift	+85.15K	—	—	New position	0.00	85.15K
Total			−4.60K		$0.00

Derivative Transactions8

Series A Common Shares

Indirect

G · Gift

Converts to

Common Shares

18.28K shares

−18.28K

Strike price

Held after

0.00

Exercisable

—

9/3/2026

Series A Common Shares

Indirect

G · Gift

Converts to

Common Shares

18.28K shares

+18.28K

Strike price

Held after

18.28K

Exercisable

—

9/3/2026

Series A Common Shares

Indirect

G · Gift

Converts to

Common Shares

58.99K shares

−58.99K

Strike price

Held after

1.98M

Exercisable

—

9/3/2026

Series A Common Shares

Indirect

G · Gift

Converts to

Common Shares

58.99K shares

+58.99K

Strike price

Held after

1.98M

Exercisable

—

9/3/2026

Series A Common Shares

Indirect

G · Gift

Converts to

Common Shares

2.11K shares

−2.11K

Strike price

Held after

1.98M

Exercisable

—

9/3/2026

Series A Common Shares

Indirect

G · Gift

Converts to

Common Shares

2.11K shares

+2.11K

Strike price

Held after

1.98M

Exercisable

—

9/3/2026

Series A Common Shares

Indirect

G · Gift

Converts to

Common Shares

296.91 shares

−296.91

Strike price

Held after

0.00

Exercisable

—

9/3/2026

Series A Common Shares

Indirect

G · Gift

Converts to

Common Shares

296.91 shares

+296.91

Strike price

Held after

296.91

Exercisable

—

9/3/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Series A Common Shares Indirect	Common Shares18.28K shares	9/3/2026	G · Gift	−18.28K	—	0.00
Series A Common Shares Indirect	Common Shares18.28K shares	9/3/2026	G · Gift	+18.28K	—	18.28K
Series A Common Shares Indirect	Common Shares58.99K shares	9/3/2026	G · Gift	−58.99K	—	1.98M
Series A Common Shares Indirect	Common Shares58.99K shares	9/3/2026	G · Gift	+58.99K	—	1.98M
Series A Common Shares Indirect	Common Shares2.11K shares	9/3/2026	G · Gift	−2.11K	—	1.98M
Series A Common Shares Indirect	Common Shares2.11K shares	9/3/2026	G · Gift	+2.11K	—	1.98M
Series A Common Shares Indirect	Common Shares296.91 shares	9/3/2026	G · Gift	−296.91	—	0.00
Series A Common Shares Indirect	Common Shares296.91 shares	9/3/2026	G · Gift	+296.91	—	296.91

Non-Derivative Holdings (Post-Transaction)3

Common Shares

Indirect

Shares owned500K

Common Shares

Indirect

Shares owned211.76K

Common Shares

Indirect

Shares owned78.52K

Total

790.28K indirect790.28K

Security Title	Shares Owned	Ownership Type
Common Shares	500K	Indirect
Common Shares	211.76K	Indirect
Common Shares	78.52K	Indirect
Total	790.28K	790.28K indirect

Derivative Holdings (Post-Transaction)2

Series A Common Shares

Indirect

Underlying security

Common Shares

Underlying shares

11.42K

Shares owned

11.42K

Exercise price

Expiration

—

Exercise window

—

Series A Common Shares

Indirect

Underlying security

Common Shares

Underlying shares

12.86K

Shares owned

12.86K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

24.28K

Owned

24.28K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Series A Common Shares Indirect	Common Shares	—	—	11.42K	11.42K
Series A Common Shares Indirect	Common Shares	—	—	12.86K	12.86K
Total				24.28K	24.28K