Telephone and Data Systems Inc. filings document material events, governance matters, operating results, and capital-structure disclosures for a telecommunications holding company focused on TDS Telecom and Array Digital Infrastructure. Recent Form 8-K reports cover results of operations, material agreements, executive compensation arrangements, officer changes, and completed asset dispositions involving spectrum licenses.
Proxy filings describe board matters, shareholder voting, executive compensation, and related governance disclosures. TDS filings also address common and preferred share classes, depositary shares, credit agreement terms, subsidiary-level activity, and disclosures tied to broadband services, tower infrastructure, and remaining wireless assets.
Telephone and Data Systems Inc. (TDS) notice reports a proposed sale under Rule 144 of 68,759 common shares through Morgan Stanley Smith Barney, with an aggregate market value of $2,623,676.18 and an approximate sale date of 08/18/2025 on the NYSE. The filing itemizes the acquisition history for the shares being sold: multiple tranches of restricted stock that vested between 02/10/2022 and 02/28/2025, plus an option exercise generating 29,142 shares with an acquisition date listed as the sale date 08/18/2025. Each restricted tranche is reported as compensation for services rendered, and one tranche shows payment by cash at exercise. The filer certifies they are unaware of any undisclosed material adverse information.
Picton Mahoney Asset Management filed a Schedule 13G/A reporting ownership of Depository Shares representing 6.625% Series UU preferred shares of Telephone and Data Systems, Inc. The filer beneficially owns 1,193,088 shares, equal to 7.1% of the class based on a stated 16.8 million outstanding shares as of July 31, 2025. The filing lists Picton Mahoney as a Canada-based investment fund manager with sole voting and dispositive power over the reported shares. The statement certifies the holdings were acquired in the ordinary course of business and not for the purpose of changing control.
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.
Telephone and Data Systems, Inc. (TDS) Form 144 shows an insider notice to sell 58,452 common shares through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $2,253,746.30. The filing lists multiple prior acquisitions of the shares, primarily from restricted stock vesting under registered plans between 2023 and 2025 and one option exercise on 08/15/2025. The filer disclosed multiple earlier sales by the same person in the past three months totaling 73,878 shares and approximately $2.87 million in gross proceeds, indicating recent active disposition of holdings. The filing includes the standard insider representation regarding lack of undisclosed material information.
Vicki L. Villacrez, Executive Vice President & CFO and director of Telephone and Data Systems Inc. (TDS), reported multiple equity transactions on Form 4. The filing lists numerous acquisitions of common shares and stock options on 08/13/2025 and 08/15/2025 at prices between $19.15 and $30.72 for acquisitions, and sales on 08/13/2025 and 08/15/2025 at average prices of $38.8813 and $38.5572 respectively. The filing states certain options were granted under the TDS Long-Term Incentive Plan and that a stock option is currently vested. Following the reported transactions, beneficial ownership of common shares changed through a sequence of purchases and sales, with the final reported direct ownership at 26,788 shares after an 08/15/2025 sale. The reporting person certified the form by power of attorney on 08/15/2025.
An officer of Telephone and Data Systems Inc. (TDS) reported multiple transactions on 08/12/2025 and 08/13/2025 involving common shares and stock options. The reporting person acquired option grants under the company Long-Term Incentive Plan exercisable for 3,041, 2,653, 9,560, 1,598, 307 and 93 common shares at exercise prices ranging from $19.15 to $30.72. Concurrently, the reporting person sold a total of 29,847 common shares in two sets of transactions: 29,047 shares at an average price of $39.02135 and 800 shares at an average price of $39.155. After the reported activity, the reporting person beneficially owned 19,492 common shares directly (with some options remaining exercisable for additional shares).
Prudence E. Carlson, a director of Telephone and Data Systems Inc. (TDS), reported insider transactions. On 08/14/2025 she sold 6,320 common shares at an average price of $38.0482, with individual sale prices ranging from $38.00 to $38.10. After the sales she directly beneficially owned 315,457 common shares and, indirectly through a voting trust, 1,634,679 common shares. The filing also reports Series A common share activity: a deemed conversion feature into common shares is noted; 996 Series A shares were gifted, 117,980 Series A shares were disposed of, and 100,000 Series A shares are held indirectly by trusts. Explanations state portions of holdings are held by family partnerships (693,677 common; 756,243 Series A) in which she is a general partner.
Carlson Leroy T. Jr., Vice Chair and director of Telephone and Data Systems Inc. (TDS), reported multiple option grants, purchases and a sale in mid-August 2025. On 08/12/2025 he acquired option-based positions totaling 111,820 option shares (18,320 at $25.70; 53,800 at $29.45; 39,700 at $27.79) granted under the Long-Term Incentive Plan and listed as vested. The reporting person sold 111,820 common shares on 08/12/2025 at an average price of $38.1511 (individual sale prices ranged from $37.705 to $38.78). After the transactions the form reports direct beneficial ownership figures including 369,373, 387,693, 441,493 and 481,193 at various reporting lines and multiple indirect holdings by 401(k), trusts and a wife's trust totaling listed balances such as 473,113, 78,943, 211,758, and 105,521.32.
Douglas W. Chambers, an officer (President of a subsidiary) of Telephone and Data Systems, Inc. (TDS), reported multiple transactions on 08/12/2025 and an amended filing signed 08/14/2025.
The Form 4 shows option grants under the company’s Long-Term Equity Plan that are exercisable: 6,634 options at $30.72 (exercisable through 05/22/2029), 11,601 options at $27.79 (exercisable through 05/24/2027) and 10,592 options at $29.45 (exercisable through 08/15/2026). The reporting person acquired the underlying common shares from those option exercises on 08/12/2025.
The filing also discloses substantial sales of common shares on 08/12/2025 totaling 41,992.377 shares at an average price of $38.6293, with two subsets described: 12,475.377 shares sold at an average $38.50 and 29,517 shares sold at an average $38.684 (individual trade prices ranged $38.595 to $38.96). After the reported transactions, the filing shows 0 common shares beneficially owned directly by the reporting person.
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.