[144] Telephone and Data Systems Inc. SEC Filing

Rhea-AI Filing Summary

Telephone and Data Systems Inc. (TDS) reported a proposed sale under Form 144: an insider plans to sell 800 shares of common stock on the NYSE through Morgan Stanley Smith Barney with an aggregate market value of $31,324. The filing lists the approximate date of sale as 08/13/2025.

The 800 shares trace to plan-based acquisitions: two option-exercise lots (totaling 400 shares acquired 08/12/2025 and paid in cash 08/13/2025 as two entries of 307 and 93) and 400 shares from restricted stock vesting on 05/17/2024. The notice also lists multiple separate sales by Anita Kroll on 08/12/2025 in various lots. The filer represents there is no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Routine Form 144 disclosure: 800-share planned sale from option exercises and vested restricted stock; executed via broker.

The filing documents a small, plan-driven sale rather than an ad hoc divestiture. The shares to be sold (800) were acquired through option exercises (two entries: 307 and 93) and restricted stock vesting (400). The sale is routed through Morgan Stanley Smith Barney on the NYSE and carries an aggregate market value of $31,324. There is no disclosure in the form of undisclosed material adverse information by the signer.

Corporate Governance Expert

TL;DR: Transactions arise from registered compensation plans and prior sales are listed; disclosure complies with Rule 144 notice practice.

The transactions are explicitly linked to registered equity compensation events (option exercises and restricted stock vesting), which supports routine compliance with disclosure requirements. The form also enumerates multiple prior sales by Anita Kroll on 08/12/2025. From a governance standpoint, the filing is procedural and documents the insider's representation that no undisclosed material information exists.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	800	31324.00	108000000	08/13/2025	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	08/12/2025	Exercise of options under a registered plan	Issuer			307	08/13/2025	Cash
Common	05/17/2024	Restricted stock vesting under a registered plan	Issuer			400	05/17/2024	Services Rendered
Common	08/12/2025	Exercise of options under a registered plan	Issuer			93	08/13/2025	Cash

* 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
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	699	27271.14
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	812	31679.77
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	1505	58716.82
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	1000	39014.50
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	1505	58716.82
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	1405	54815.37
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	2221	86651.20
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	709	27661.28
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	2339	91254.92
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	2653	103536.77
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	3041	118678.98
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	9560	373091.43
ANITA KROLL 30 North LaSalle Street, Suite 4000 Chicago IL 60602	Common	08/12/2025	1598	62364.03

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 did TDS disclose in this Form 144?

The filing discloses a proposed sale of 800 common shares of TDS with an aggregate market value of $31,324, to be sold on the NYSE through Morgan Stanley Smith Barney with an approximate sale date of 08/13/2025.

How were the 800 shares acquired according to the filing?

The 800 shares were acquired via exercise of options (two lots: 307 and 93, acquired 08/12/2025 and paid in cash on 08/13/2025) and 400 shares from restricted stock vesting on 05/17/2024.

Who is the broker handling the proposed sale for TDS?

The broker named in the filing is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, and the sale is indicated for the NYSE.

Does the filing report any undisclosed material information about TDS operations?

By signing the Form 144 notice, the person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer that has not been publicly disclosed.

Were there other recent sales by the same person disclosed?

Yes. The filing lists multiple sales by Anita Kroll on 08/12/2025 in various lots of common stock; the filing enumerates each lot and its gross proceeds.