[144] Telephone and Data Systems Inc. SEC Filing

Rhea-AI Filing Summary

Telephone and Data Systems Inc. (TDS) filed a Form 144 reporting a proposed sale of 6,320 shares of common stock through Morgan Stanley Smith Barney on the NYSE, with an aggregate market value of $240,464.62 and approximately 108,000,000 shares outstanding. The shares were acquired on 05/22/2024 upon restricted stock vesting under a registered plan; acquisition was recorded as payment for services rendered. The filing indicates no other sales by the reporting person in the past three months and includes the required certification that the seller is not aware of undisclosed material adverse information.

Positive

• Full regulatory compliance: Form 144 filed with acquisition details and broker information.
• Transparency on acquisition: Shares acquired via restricted stock vesting under a registered plan, clarifying compensation origin.

Negative

• Insider sale: Proposed disposal of 6,320 shares could be perceived negatively by some investors despite small size.

Insights

Securities Analyst

TL;DR: Small, routine insider sale from vested restricted stock; unlikely to materially affect TDS valuation.

This Form 144 documents a planned disposition of 6,320 shares worth about $240,465, representing roughly 0.0059% of the ~108 million shares outstanding. The shares were acquired via restricted stock vesting, not open-market purchases, which suggests compensation-related liquidity rather than a sale driven by company-specific concerns. No other sales in the prior three months reduces the likelihood of a broader insider selling trend. Impact on market supply and share price is expected to be negligible.

Corporate Governance Expert

TL;DR: Filing reflects compliance with Rule 144 and transparency around executive compensation vesting.

The notice appropriately discloses the nature and timing of acquisition (restricted stock vesting) and the planned broker-assisted sale, meeting regulatory requirements. The representational statement that the seller is unaware of undisclosed material adverse information is standard. From a governance perspective, the transaction appears routine and aligns with typical executive compensation monetization practices rather than signaling governance or disclosure issues.

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	6320	240464.62	108000000	08/14/2025	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	05/22/2024	Restricted stock vesting under a registered plan	Issuer			6320	05/22/2024	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

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 TDS Form 144 report?

The filing reports a proposed sale of 6,320 common shares on NYSE through Morgan Stanley Smith Barney with an aggregate market value of $240,464.62.

When and how were the TDS shares acquired?

The shares were acquired on 05/22/2024 through restricted stock vesting under a registered plan as payment for services rendered.

Does the filing show recent insider sales by this person?

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

How material is this sale relative to TDS outstanding shares?

The 6,320 shares represent about 0.0059% of the approximately 108,000,000 shares outstanding, indicating minimal dilution or market impact.

Which broker will handle the sale reported in the Form 144?

The reported broker is Morgan Stanley Smith Barney LLC Executive Financial Services located in New York, NY.