TELEPHONE & DATA SYS INC

Ticker: TDS CUSIP: 879433829 Class: COM NEW

Governors Lane LP's Holding History (CIK: 0001644187)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 72,777 Value ($000) $2,984 Avg Close $38.95 Range $35.86 - $41.47

Q3 2025

Shares 75,909 Value ($000) $2,979 Avg Close $38.48 Range $34.94 - $42.74

Q2 2025

Shares 393,223 Value ($000) $13,991 Avg Close $35.09 Range $31.07 - $39.80

Q1 2025

Shares 246,163 Value ($000) $9,536 Avg Close $36.02 Range $31.77 - $41.21

Q4 2024

Shares 283,831 Value ($000) $9,681 Avg Close $30.42 Range $22.51 - $35.39

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	72,777	$2,984	$38.95	$35.86 - $41.47
Q3 2025	75,909	$2,979	$38.48	$34.94 - $42.74
Q2 2025	393,223	$13,991	$35.09	$31.07 - $39.80
Q1 2025	246,163	$9,536	$36.02	$31.77 - $41.21
Q4 2024	283,831	$9,681	$30.42	$22.51 - $35.39