Oosterman Wade 4

What Happened
Wade Oosterman, a director of Telephone & Data Systems Inc. (TDS), was granted 2,905 shares as an award under the company's director compensation plan. The grant is reported at an acquisition price of $41.20 per share, with a total reported value of $119,686. This was an award (A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-21
• Shares acquired: 2,905 at $41.20 each — total $119,686
• Filing date (Form 4): 2026-05-26 (filed 5 days after the transaction date; this appears to exceed the typical 2-business-day Form 4 reporting window and may be late)
• Shares owned after transaction: Not reported on this Form 4
• Footnote: Shares were "acquired pursuant to a compensation plan for non-employee directors" (standard director compensation)

Context
This was a routine director compensation award, which reflects pay for board service rather than an open-market purchase that might indicate a director's personal bullish view. Such awards are common for non-employee directors and are typically part of regular compensation arrangements.