[144] Telephone and Data Systems Inc. SEC Filing

Rhea-AI Filing Summary

Telephone and Data Systems, Inc. (TDS) reported a proposed sale of 15,000 common shares under Rule 144 via Morgan Stanley Smith Barney LLC with an aggregate market value of $585,730.50. The filing shows the shares were acquired and are to be sold on 08/19/2025 through exercise of options under a registered plan, with payment in cash. The issuer’s outstanding common shares are listed as 108,000,000, so the planned sale represents a very small fraction of the outstanding equity. No other securities sales in the past three months were reported and the filer attests to lacking undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Routine insider option exercise and planned sale; immaterial relative to total shares outstanding.

The filing documents a single planned Rule 144 disposition of 15,000 common shares via Morgan Stanley, acquired and sold on the same date by exercise of options under a registered plan. At an aggregate value of $585,730.50 against 108 million shares outstanding, this transaction is de minimis and unlikely to affect market liquidity or capitalization. The filer confirms no undisclosed material information. There are no reported sales in the prior three months, indicating this is an isolated, plan-driven transaction rather than a pattern of dispositions.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; standard attestation included.

The notice provides the required details under Rule 144: security class, broker, amount, acquisition and sale dates, and nature of acquisition (exercise of options under a registered plan). The signature attestation about absence of undisclosed material information is present. Given the routine nature and small size, the filing appears compliant and procedural rather than signaling governance 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

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	15000	585730.50	108000000	08/19/2025	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	08/19/2025	Exercise of options under a registered plan	Issuer			15000	08/19/2025	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

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 securities did Telephone and Data Systems (TDS) propose to sell?

The filer notified a proposed sale of 15,000 common shares of the issuer.

When is the approximate date of the proposed sale?

The filing lists the approximate date of sale as 08/19/2025.

How were the shares acquired?

The shares were acquired on 08/19/2025 by exercise of options under a registered plan, and payment was made in cash.

Who is the broker handling the sale?

The broker named is Morgan Stanley Smith Barney LLC, New York.

What is the aggregate market value and how large is the sale relative to outstanding shares?

Aggregate market value is $585,730.50; the issuer has 108,000,000 shares outstanding, so the sale is a very small fraction of outstanding equity.