[144] Telephone and Data Systems Inc. SEC Filing

Rhea-AI Filing Summary

Telephone and Data Systems Inc. (TDS) Form 144 notice shows a proposed sale of 26,334 common shares through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $1,027,476.31 and an approximate sale date of 08/18/2025. The filer reports recent acquisitions by restricted stock vesting on 05/17/2025, 05/18/2025 and 06/11/2025 totaling 25,334 shares acquired for services rendered. The filing also documents insider sales during August 2025 totaling 132,330 shares sold on 08/13/2025 and 08/15/2025, with listed gross proceeds for each transaction. The notice includes the customary certification that the seller is not aware of undisclosed material adverse information.

Positive

• None.

Negative

• Insider sales of 132,330 shares occurred on 08/13/2025 and 08/15/2025, representing substantial disposals by the reporting person
• Proposed sale of 26,334 shares with aggregate market value of $1,027,476.31 scheduled for 08/18/2025

Insights

Securities Analyst

TL;DR: Routine insider sale notice showing significant August dispositions and a planned sale of 26,334 shares valued at ~$1.03M.

The Form 144 is a standard Rule 144 notice describing a proposed sale of 26,334 shares to be executed via Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $1,027,476.31. It also discloses recent restricted stock vesting events totaling 25,334 shares acquired for services and multiple completed sales on 08/13/2025 and 08/15/2025 aggregating 132,330 shares. For investors, this is a disclosure of insider liquidity and compensation-related vesting rather than an operational update. No financial results, forecasts, or allegations of undisclosed material adverse information are included in the filing.

Corporate Governance Specialist

TL;DR: Compliance-focused filing documenting vesting and substantial insider sales; informational but not necessarily negative to the company.

The document documents compliance with Rule 144 for an insider sale and shows the shares were acquired primarily through restricted stock vesting under a registered plan with payment characterized as services rendered. The combination of recent vesting and sizable August sales suggests routine monetization of compensation. The filer affirms no undisclosed material adverse information. This filing is material for disclosure purposes but does not itself signal governance issues or operational concerns.

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

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	26334	1027476.31	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	06/11/2025	Restricted stock vesting under a registered plan	Issuer			5390	06/11/2025	Services Rendered
Common	05/18/2025	Restricted stock vesting under a registered plan	Issuer			15307	05/18/2025	Services Rendered
Common	05/17/2025	Restricted stock vesting under a registered plan	Issuer			5637	05/17/2025	Services Rendered

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/15/2025	3559	137235.75
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/15/2025	391	15077.04
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/15/2025	19901	767386.54
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/15/2025	2894	111593.22
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/15/2025	16481	635510.66
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/15/2025	847	32660.49
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/15/2025	10174	392311.47
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/15/2025	4205	161971.13
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/13/2025	1868	72633.44
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/13/2025	2476	96274.31
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/13/2025	3004	116804.53
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/13/2025	1959	76171.80
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/13/2025	2278	88575.47
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/13/2025	4548	176839.88
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/13/2025	2805	109066.82
VICKI VILLACREZ 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/13/2025	54940	2136111.15

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 TDS Form 144 disclose?

It discloses a proposed sale of 26,334 TDS common shares valued at $1,027,476.31 and prior insider sales totaling 132,330 shares in August 2025.

Who is handling the proposed sale for TDS shares?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC on the NYSE.

How were the shares being sold acquired?

Reported acquisitions were restricted stock vesting under a registered plan on 05/17/2025, 05/18/2025 and 06/11/2025, described as payment for services rendered.

When were the recent insider sales executed?

The filing lists completed insider sales on 08/13/2025 and 08/15/2025.

Does the filer assert there is undisclosed material information?

By signing the notice the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.