TDS Vice Chair Leroy Carlson Gifts 227,190 Shares

What Happened

• Leroy T. Carlson Jr., Vice Chair and director of Telephone & Data Systems, reported a gift transaction on 2026-09-16 disposing of 227,190 common shares. The shares were reported as a gift (transaction code G) with a reported price of $0.00 (i.e., transferred as a gift rather than sold for cash).

Key Details

• Transaction date: 2026-09-16; Form 4 filed: 2026-09-17 (timely filing).
• Transaction type/code: Gift (G); price reported: $0.00; shares disposed: 227,190.
• Shares owned after transaction: not specified in the filing. Footnote states reporting person has pecuniary interest in shares held by family members and/or family entities.
• Notable footnote: Carlson is a member of a Voting Trust that files separately. The footnote notes inclusion of 693,778 common shares held by a family partnership of which Carlson is a general partner (23,780 of those were accumulated via dividend reinvestment).
• No indication of a 10b5-1 plan, option exercise, tax withholding, or cash sale in this filing.

Context

• Gifts are transfers for inheritance or personal reasons and do not necessarily signal insider sentiment about the stock price. They differ from open-market sales (which convert holdings to cash) and purchases (which are often taken as a bullish signal).
• Because this was reported as a gift and not a sale, the $0 price reflects the nature of the transfer, not market value received.