Director Kimberly D. Dixon receives 2,905 TDS (NYSE: TDS) shares as award

Rhea-AI Filing Summary

Telephone & Data Systems director Kimberly D. Dixon received a grant of 2,905 Common Shares of TDS stock on May 21, 2026. The shares were acquired at a price of $41.20 per share pursuant to a compensation plan for non-employee directors. Following this award, Dixon directly holds 45,703 Common Shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dixon Kimberly D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	2,905	$41.20	$120K

Holdings After Transaction: Common Shares — 45,703 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 2,905 shares Grant price: $41.20 per share Shares after transaction: 45,703 shares +2 more

5 metrics

Shares granted 2,905 shares Common Shares granted on May 21, 2026

Grant price $41.20 per share Valuation price for stock award

Shares after transaction 45,703 shares Direct holdings following grant

Transaction code A (Grant, award, or other acquisition) Non-derivative acquisition classification

Transaction direction acquire Director received shares, not sold

Key Terms

Grant, award, or other acquisition, compensation plan for non-employee directors, Common Shares

3 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

compensation plan for non-employee directors financial

"Shares acquired pursuant to a compensation plan for non-employee directors."

Common Shares financial

"security_title: Common Shares"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dixon Kimberly D

(Last) (First) (Middle)

30 N. LASALLE STREET, STE. 4000

(Street)

CHICAGO ILLINOIS 60602

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TELEPHONE & DATA SYSTEMS INC /DE/ [ TDS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	05/21/2026		A		2,905(1)	A	$41.2	45,703	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares acquired pursuant to a compensation plan for non-employee directors.

Remarks:

	John M. Toomey, by power of atty.	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did TDS director Kimberly D. Dixon report?

Kimberly D. Dixon reported receiving 2,905 Common Shares of TDS as a stock grant. The transaction occurred on May 21, 2026, and represents a compensation-related award rather than an open-market purchase of shares.

What was the price per share for Kimberly D. Dixon’s TDS stock grant?

The reported price per share for the 2,905 TDS Common Shares granted to Kimberly D. Dixon was $41.20. This figure is used to value the award under the compensation plan for non-employee directors disclosed in the Form 4 filing.

How many TDS shares does Kimberly D. Dixon hold after this Form 4 transaction?

After receiving the 2,905-share grant, Kimberly D. Dixon directly holds 45,703 TDS Common Shares. This total reflects her position immediately following the reported award and helps show the scale of the grant relative to her overall shareholdings.

Was Kimberly D. Dixon’s TDS share acquisition an open-market purchase?

No, the shares were not bought on the open market. The Form 4 footnote states that the 2,905 TDS Common Shares were acquired under a compensation plan for non-employee directors, classifying the transaction as a grant or award acquisition.

How is the transaction in Kimberly D. Dixon’s TDS Form 4 classified?

The transaction is classified with code A, described as a grant, award, or other acquisition. It is a non-derivative transaction, marked as an acquisition rather than a sale, and is related to director compensation rather than trading activity.