Telephone & Data Systems TDS Insider Ownership

Updated Oct 10, 2026

Over the past year, TDS insiders sold $3.88 million of stock (100K shares) on the open market and bought none.

• Telephone & Data Systems' open-market sales in the past 12 months came from 3 insiders; no insider bought.
• Leroy T. Carlson Jr. (Vice Chair) was TDS's largest open-market seller in the past 12 months, with $2.96 million of sales (77.1K shares); the latest was on September 11, 2026.
• Outside the open market, Telephone & Data Systems insiders received 14.81K shares in stock awards, acquired 1.28Mn shares through option exercises and conversions, gave up 522.07K shares to cover taxes or exercise prices and gave away 689.74K shares as gifts over the past 12 months.
• Per Business Quant data, Telephone & Data Systems insiders hold 18.43Mn shares in total based on their latest Form 4 filings, or 16.00% of the 115.14Mn shares outstanding; that total is down 4.26% from 19.25Mn shares at the end of Q2 2026 and up 10.30% from 16.7Mn shares at the end of Q3 2025.
• Indirect holdings, through trusts, partnerships, family members and other entities, make up 89.53% (16.5Mn shares) of Telephone & Data Systems' insider total, with the other 10.47% (1.93Mn shares) held directly.
• Holdings in Telephone & Data Systems stock are reported by 16 insiders, the officers, directors and 10% owners who have filed a Form 4 in the past two years.
• Telephone & Data Systems' top three insider holders by shares held are Walter Cd Carlson (President and CEO, 4.79Mn shares), Leroy T. Carlson Jr. (Vice Chair, 4.51Mn shares) and Letitia G. C. Carlson (Director, 4.25Mn shares).
• The holding of Walter Cd Carlson makes up 25.98% of all shares held by Telephone & Data Systems insiders.
• A total of 44 Form 4 filings with transactions in Telephone & Data Systems stock were made over the past 12 months, by 15 insiders.
• These insider figures for Telephone & Data Systems are based on Form 4 filings through September 17, 2026.