[144] Telephone and Data Systems Inc. SEC Filing

Rhea-AI Filing Summary

Telephone and Data Systems, Inc. (TDS) reported a Form 144 notice for a proposed sale of 4,452 common shares valued at approximately $171,000. The shares were acquired as a stock bonus on 03/01/2021 from Prudence Carlson. The planned sale is routed through Merrill Lynch on the NYSE with an approximate sale date of 08/18/2025. The filing lists 108,000,000 shares outstanding, and indicates no sales by the same person in the past three months. The notice includes the required statement that the seller is not aware of undisclosed material adverse information about the issuer.

Positive

• Regulatory compliance: Form 144 filed properly with required acquisition, broker, and sale-date details
• Transparency: Acquisition source and date (stock bonus on 03/01/2021 from Prudence Carlson) are disclosed

Negative

• None.

Insights

Securities Analyst

TL;DR: Small insider sale filed; transparent disclosure with limited market impact given size.

The Form 144 shows an insider intends to sell 4,452 shares valued at about $171,000 through Merrill Lynch on the NYSE. Relative to the 108 million shares outstanding, the sale represents roughly 0.004% of the float, so it is unlikely to move the market or materially change ownership stakes. The filing is routine and meets Rule 144 disclosure requirements; there are no reported sales in the prior three months, which suggests this is an isolated sale rather than a pattern disclosed in this notice.

Corporate Governance Expert

TL;DR: Proper compliance with Rule 144; filing includes acquisition and payment details required for transparency.

The notice discloses the acquisition source (stock bonus), acquisition date, and payment nature, satisfying disclosure norms for Section 144 sales. The signature/attestation language asserting no undisclosed material adverse information is included as required. From a governance perspective, the document is complete for a single proposed sale and does not indicate any governance or disclosure issues within the filing itself.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch 110 N Wacker Drive SUITE 1900 Chicago IL 60606	4452	171000.00	108000000	08/18/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/01/2021	Stock Bonus	Prudence Carlson			4452	03/01/2021	Stock Bonus

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed by TDS disclose?

The filing discloses a proposed sale of 4,452 common shares valued at about $171,000, acquired as a stock bonus on 03/01/2021.

When is the approximate sale date and through which broker will the TDS shares be sold?

The approximate sale date is 08/18/2025 and the broker listed is Merrill Lynch (110 N Wacker Drive, Chicago), with execution on the NYSE.

How large is the proposed sale relative to TDS shares outstanding?

The company reports 108,000,000 shares outstanding; the 4,452 shares represent approximately 0.004% of that total.

Did the filer sell any TDS securities in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

What type of acquisition funded the securities being sold?

The securities were received as a stock bonus and paid by stock bonus on 03/01/2021, per the filing.