TDS Telephone & Data Systems (TDS) Insider Trading, Ownership & Congress Trades
Telecom · Telephone communications (no radiotelephone) · CIK 0001051512
Form 144 · 1
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
186
13F, latest reported quarter
Conversions, 180 days
20
Codes C/M, not in net · $49.6M priced
What the filings say about TDS
Insiders, 180 days
-$3.0M net sold
1 seller · 0% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$2.9M
1 notice
Telephone & Data Systems insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, TELEPHONE & DATA SYSTEMS INC /DE/ insiders sold a net $3.0M of stock across 20 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on Aug 12, 2025.
- The trade is 16.1% of the 480,360 shares held after it.
- No other insider sold within 30 days.
- 186 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Vice Chair CARLSON LEROY T JR sold about $3.0M of TDS on Sep 11, 2026, the largest insider sale at the company since 2025; 186 funds added in the latest 13F quarter.Context
- 3 earlier Form 4 trades (code P or S) here by this insider (3 sales), the last on Aug 18, 2025.
- The trade is 1.9% of the 305,556 shares held after it.
- No other insider sold within 30 days.
- 186 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Carlson Prudence E sold about $244.1K of TDS on Mar 23, 2026; 186 funds added in the latest 13F quarter.Context
- 4 earlier Form 4 trades (code P or S) here by this insider (4 sales), the last on Nov 10, 2025.
- No other insider sold within 30 days.
- 186 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: VP, Controller & CAO Kroll Anita J sold about $34.1K of TDS on Nov 11, 2025; 186 funds added in the latest 13F quarter.Context
- 3 earlier Form 4 trades (code P or S) here by this insider (3 sales), the last on Aug 20, 2025.
- The trade is 1864.0% of the 870 shares held after it.
- No other insider sold within 30 days.
- 186 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: VP, Controller & CAO Kroll Anita J sold about $632.8K of TDS on Nov 10, 2025; 186 funds added in the latest 13F quarter.Context
- 2 earlier Form 4 trades (code P or S) here by this insider (2 sales), the last on Aug 13, 2025.
- The trade is 50.4% of the 17,087 shares held after it.
- 6 other insiders sold within 30 days.
- 186 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: VP, Controller & CAO Kroll Anita J sold about $336.5K of TDS on Aug 20, 2025; 6 other insiders sold within 30 days and 186 funds added in the latest 13F quarter.20 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$3.0M over 180 days
-$3.0M over 90 days
below 68% of Telecom
Congress
no House purchase disclosed in the last 12 months
Funds
186 funds bought in last quarter
more than 79% of Telecom
Revenue
-9.0% year over year
below 80% of Telecom
Margin
-0.6% net margin
more than 57% of Telecom
Buybacks
$108.1M repurchased, FY to 2025-12-31
more than 60% of Telecom
Short interest
5.3% of the float short (float per yahoo 2026-10-26) · 2.7 days to cover · settled 2026-09-30
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch TDS
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-7.0%12M
Insider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns TDS: institutional holders (13F)
13F holdings, latest reported quarter
15,768,166 sh
$583.6M
6,342,746 sh
$234.8M
6,275,000 sh
$232.2M
5,790,808 sh
$214.3M
5,319,175 sh
$196.9M
Congress trades in TDS
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
TDS planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
LEROY T. CARLSON JR.
Filed 2026-09-11
$2.9M
TDS mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Invesco S&P SmallCap Utilities & Communication Services ETF
$663.5K position · as of 2026-05-31
3.7%
Gabelli Global Content & Connectivity Fund
$2.8M position · as of 2026-06-30
3.4%
Select Telecommunications Portfolio
$7.7M position · as of 2026-05-31
3.0%
State Street(R) SPDR(R) S&P(R) Telecom ETF
$20.0M position · as of 2026-06-30
2.8%
The Gabelli Value 25 Fund Inc.
$3.3M position · as of 2026-06-30
1.3%
Telecommunications Fund
$157.4K position · as of 2026-06-30
1.1%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Le Roy T.Carlson Jr.
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2024
$9.6M
$38.9M
$3.9M
+116%
+16%
2023
$9.7M
$24.4M
$4.4M
+14%
-11%
2022
$8.9M
$237.1K
$2.7M
-39%
-14%
2021
$9.6M
$7.0M
$3.3M
+12%
-9%
2020
$9.5M
$6.5M
$5.0M
-24%
-6%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $3.0M sold by insiders over 180 days, 186 funds added last quarter, $2.9M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
TDS financials
Revenue growth
-9.0%
XBRL, annual
Net margin
-0.6%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
n/a
the filed year and its quarters do not reconcile, so the trailing figure is withheld
Revenue, TTM TDS
| FY Dec 2025 | n/a |
| FY Dec 2024 | $5.0B |
| FY Dec 2023 | $5.2B |
| FY Dec 2022 | $5.4B |
| FY Dec 2021 | $5.3B |
| Jun 2026 | $309.3M |
| Mar 2026 | $309.4M |
| Dec 2025 | $330.7M |
| Sep 2025 | $308.5M |
| Jun 2025 | $1.2B |
| Mar 2025 | $1.2B |
| Dec 2024 | $1.2B |
| Sep 2024 | $1.2B |
At each fiscal year end
Single quarter
Net margin, TTM
n/a
the filed year and its quarters do not reconcile, so the trailing figure is withheld
Net margin, TTM TDS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | -9.4% |
| FY Dec 2022 | n/a |
| FY Dec 2021 | +3.5% |
| Jun 2026 | +96.5% |
| Mar 2026 | +46.7% |
| Dec 2025 | +25.1% |
| Sep 2025 | -26.5% |
| Jun 2025 | +1.0% |
| Mar 2025 | +0.6% |
| Dec 2024 | +0.6% |
| Sep 2024 | -5.4% |
At each fiscal year end
Single quarter
Free cash flow, TTM
-$452.3M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM TDS
| FY Dec 2025 | $199.4M |
| FY Dec 2024 | $780.4M |
| FY Dec 2023 | $498.1M |
| FY Dec 2022 | -$6.0M |
| FY Dec 2021 | -$28.0M |
| Jun 2026 | -$113.3M |
| Mar 2026 | -$81.6M |
| Dec 2025 | -$108.9M |
| Sep 2025 | -$148.5M |
| Jun 2025 | $335.6M |
| Mar 2025 | $121.2M |
| Dec 2024 | $116.5M |
| Sep 2024 | $488.9M |
At each fiscal year end
Single quarter
Debt to equity
0.13x
long-term debt only, 2026-06-30; equity 2026-06-30
Debt to equity TDS
| FY Dec 2025 | 0.17x |
| FY Dec 2024 | 0.47x |
| FY Dec 2023 | 0.78x |
| FY Dec 2022 | 0.64x |
| FY Dec 2021 | 0.49x |
| Jun 2026 | 0.13x |
| Mar 2026 | 0.14x |
| Dec 2025 | 0.17x |
| Sep 2025 | 0.18x |
| Jun 2025 | 0.81x |
| Mar 2025 | 0.80x |
| Dec 2024 | 0.47x |
| Sep 2024 | 0.81x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.16x
TTM operating cash flow over long-term debt only, 2026-06-30
Cash flow to debt TDS
| FY Dec 2025 | 0.72x |
| FY Dec 2024 | 0.47x |
| FY Dec 2023 | 0.28x |
| FY Dec 2022 | 0.31x |
| FY Dec 2021 | 0.38x |
| Jun 2026 | 0.16x |
| Mar 2026 | 0.70x |
| Dec 2025 | 0.72x |
| Sep 2025 | 0.95x |
| Jun 2025 | 0.28x |
| Mar 2025 | 0.27x |
| Dec 2024 | 0.47x |
| Sep 2024 | 0.28x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+8.7%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity TDS
| FY Dec 2025 | +0.4% |
| FY Dec 2024 | n/a |
| FY Dec 2023 | -8.8% |
| FY Dec 2022 | n/a |
| FY Dec 2021 | +3.5% |
| Jun 2026 | +8.7% |
| Mar 2026 | +3.1% |
| Dec 2025 | +0.4% |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | -9.8% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+5.4%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets TDS
| FY Dec 2025 | +0.2% |
| FY Dec 2024 | n/a |
| FY Dec 2023 | -4.3% |
| FY Dec 2022 | n/a |
| FY Dec 2021 | +1.4% |
| Jun 2026 | +5.4% |
| Mar 2026 | +1.9% |
| Dec 2025 | +0.2% |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | -3.7% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
+9.1%
operating income after a 14.4% effective tax rate, over long-term debt only, 2026-06-30 plus average of 2025-06-30 and 2026-06-30 minus cash
Return on invested capital TDS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | +9.1% |
| Mar 2026 | +1.7% |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+6.2%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed TDS
| FY Dec 2025 | -0.9% |
| FY Dec 2024 | n/a |
| FY Dec 2023 | -6.8% |
| FY Dec 2022 | +1.0% |
| FY Dec 2021 | +2.2% |
| Jun 2026 | +6.2% |
| Mar 2026 | +1.1% |
| Dec 2025 | -0.9% |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | -6.5% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
11.86x
close 2026-10-27 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing TDS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | 20.15x |
| Jun 2026 | 12.30x |
| Mar 2026 | 77.96x |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
n/a
no share count filed
Enterprise value TDS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
n/a
no share count filed
FCF yield TDS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
prior-year trailing EPS was a loss, growth undefined
PEG, trailing TDS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-27. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $1.2B | $5.0B | $5.2B | $5.4B |
| Operating income | -$97.4M | -$191.3M | -$682.6M | $122.0M |
| Net income | $20.2M | -$26.5M | -$487.3M | $71.7M |
| EPS (diluted) | -0.65 | -0.85 | -5.05 | -0.07 |
| Operating cash flow | $589.9M | $1.1B | $1.1B | $1.2B |
| Cash | $766.0M | $363.6M | $236.0M | $360.0M |
| Long-term debt | $823.4M | $2.4B | $4.1B | $3.7B |
| Buybacks | $108.1M | $0 | $5.8M | $40.0M |
SEC XBRL, fiscal years, as known on 2026-10-28
TDS Stock Sonar score 6/7 axes
Find similar shapesCompareTDS ranks highest on institutional and government (79th percentile) and financial health (65th), and lowest on growth (11th), among Telecom peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
TDS filings, in plain words
Are Telephone & Data Systems insiders buying or selling TDS?
In the 180 days to 2026-10-28, Telephone & Data Systems insiders were net sellers, a net $3.0M across purchases and sales reported on Form 4, by 1 seller.
Are there planned insider sales of TDS?
Yes. 1 Form 144 notice of planned insider sales was filed in the 90 days to 2026-10-28, covering $2.9M of stock; the latest, by LEROY T. CARLSON JR., was filed 2026-09-11.
Read the full summary
In the 180 days to 2026-10-28, Telephone & Data Systems insiders were net sellers of TDS, a net $3.0M across purchases and sales reported on Form 4 by 1 seller. Insiders filed 1 Form 144 notice of intent to sell in the 90 days to 2026-10-28, covering $2.9M of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
Explore insider trading and ownership data
Every company we track, ranked by each kind of filing
