[Form 4] United States Cellular Corporation 5.500% Senior Notes due 2070 Insider Trading Activity

Rhea-AI Filing Summary

Amendment No. 3 to Schedule 13D updates the equity position of Swedish investor Frankenius Equity AB and its founder Paul Frankenius in TriSalus Life Sciences (TLSI).

• The reporting persons converted 230,000 Series A preferred shares into 759,000 common shares under the issuer’s 3.3-for-1 exchange offer that closed 31 Jul 2025.
• Total beneficial ownership now stands at 6,989,748 common shares, equal to 14.0 % of the 49.79 million shares outstanding post-exchange.
• Control structure: Frankenius Equity lists shared voting/dispositive power; Paul Frankenius reports sole power over the same shares, reflecting his ultimate ownership of the entity.

No additional transactions occurred in the last 60 days, and the filing notes no criminal or civil proceedings against the reporting persons. The Schedule 13D/A is purely a disclosure of ownership; it does not outline plans for mergers, asset sales or other corporate actions.

Positive

• Frankenius Equity now owns 6.99 million common shares, representing 14 % of TLSI, signalling sustained shareholder commitment.
• Preferred-for-common exchange completed, simplifying capital structure by reducing preferred stock.

Negative

• None.

Insights

Securities Analyst

TL;DR: 14 % stake confirmed after preferred-for-common swap; disclosure neutral for valuation.

The amendment shows Frankenius Equity’s continued commitment, converting preferred into common to maintain a sizeable 6.99 m-share position. Although a double-digit holding can influence governance, the transaction is an even exchange that neither injects new capital nor alters cash flows. Free float increases slightly, but overall dilution was already signalled in the S-4. Given the absence of new buying or selling, and no stated activist intent, the filing is informational rather than market-moving.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HARCZAK HARRY J JR

(Last) (First) (Middle)

500 W. MADISON STREET, SUITE 810

(Street)

CHICAGO IL 60661

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARRAY DIGITAL INFRASTRUCTURE, INC. [ USM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	08/01/2025		A(1)		1,960	A	$73.5	21,334	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares acquired pursuant to a compensation plan for non-employee directors.

Remarks:

	Julie D. Mathews, by power of atty	08/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many TriSalus (TLSI) shares does Frankenius Equity now own?

The filing reports 6,989,748 common shares beneficially owned.

What percentage of TriSalus common stock does 6.99 million shares represent?

It equals 14.0 % of the outstanding common shares post-exchange.

Why did Frankenius Equity receive additional common shares?

They exchanged 230,000 preferred shares for 759,000 common shares under a 3.3-for-1 offer that closed 31 Jul 2025.

Does the Schedule 13D/A indicate plans for control of TriSalus?

No. The amendment is purely an ownership disclosure; it states no plans for mergers, asset sales or other actions.

Who holds voting power over the reported TLSI shares?

Paul Frankenius has sole voting and dispositive power despite the shares being registered to Frankenius Equity AB.