ADNYSERadiotelephone CommunicationsFiscal year ends December 31Also trades as UZD, UZE, UZF
ARRAY DIGITAL INFRASTRUCTURE, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$32.74−0.73 (-2.18%)
Close on Oct 19, 2026
- Market cap
- $2.83B
- P/E (TTM)
- 5.3
- Dividend yield
- 70.25%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
33.5%
18M of 54M shares
Institutional holders
137
26 new, 34 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 2 sales
Net sold $260.91K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Telephone & Data Systems Inc /De/ | 70,788,703 | 82.00% | 13D (active) amendment | Aug 1, 2025 |
| Telephone and Data Systems, Inc. | 70,788,703 | 81.90% | 13D (active) amendment | Sep 1, 2026 |
| Hawk Ridge Capital Management GP LLC | 2,728,548 | 5.10% | 13G (passive) | Sep 16, 2026 |
| Picton Mahoney Asset Management | 1,000,000 | – | 13G (passive) amendment | Feb 28, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of AD | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Dimensional Fund Advisors LP | 2,269,157 | 4.24% | $82.28M | −30,425 | 0.01% |
| Hawk Ridge Capital Management LP | 1,817,469 | 3.40% | $65.90M | New | 2.11% |
| Jericho Capital Asset Management L.P. | 1,815,844 | 3.39% | $65.84M | – | 0.54% |
| Madison Avenue Partners, LP | 1,109,463 | 2.07% | $40.23M | New | 1.73% |
| Gamco Investors, Inc. Et Al | 825,262 | 1.54% | $29.92M | −19,300 | 0.27% |
| American Century Companies Inc | 766,133 | 1.43% | $27.78M | +159,354 | 0.01% |
| Bank Of America Corp /De/ | 740,572 | 1.38% | $26.85M | −1,792,445 | 0.00% |
| Loomis Sayles & Co L P | 707,437 | 1.32% | $25.65M | −33,044 | 0.03% |
| Oaktree Capital Management LP | 696,858 | 1.30% | $25.27M | −27,586 | 0.35% |
| Vanguard Capital Management LLC | 695,357 | 1.30% | $25.21M | +13,245 | 0.00% |
| Vanguard Portfolio Management LLC | 657,463 | 1.23% | $23.84M | −9,820 | 0.00% |
| Newtyn Management, LLC | 597,090 | 1.12% | $21.65M | −1,019,766 | 2.70% |
| Gabelli Funds LLC | 545,150 | 1.02% | $19.77M | +3,200 | 0.13% |
| Goldman Sachs Group Inc | 473,069 | 0.88% | $17.15M | +375,198 | 0.00% |
| BlackRock, Inc. | 400,915 | 0.75% | $14.54M | +29,019 | 0.00% |
| Qube Research & Technologies Ltd | 375,967 | 0.70% | $13.63M | −25,976 | 0.01% |
| State Street Corp | 254,423 | 0.48% | $9.23M | +8,670 | 0.00% |
| abrdn plc | 230,410 | 0.43% | $8.35M | −26,590 | 0.01% |
| Corvid Peak Capital Management, LLC | 203,115 | 0.38% | $7.36M | +50,000 | 4.55% |
| Knightsbridge Asset Management, LLC | 202,992 | 0.38% | $9.00M | +92,371 | 0.61% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 137 | 18M | 33.5% | 26 / 41 | 44 / 34 | 4M | 6M |
| Q1 2026 | 148 | 19M | 36.2% | 32 / 50 | 38 / 28 | 5M | 2M |
| Q4 2025 | 146 | 18M | 33.2% | 33 / 52 | 36 / 31 | 2M | 1M |
| Q3 2025 | 148 | 17M | 31.8% | 40 / 40 | 43 / 28 | 5M | 2M |
| Q2 2025 | 137 | 15M | 27.7% | 20 / 55 | 32 / 40 | 3M | 2M |
| Q1 2025 | 158 | 14M | 26.2% | 39 / 39 | 41 / 16 | 1M | 1M |
| Q4 2024 | 135 | 14M | 25.8% | 24 / 47 | 34 / 21 | 1M | 2M |
| Q3 2024 | 133 | 14M | 27.0% | 18 / 34 | 39 / 28 | 1M | 2M |
| Q2 2024 | 144 | 16M | 29.1% | 41 / 33 | 49 / 13 | 2M | 2M |
| Q1 2024 | 118 | 15M | 28.8% | 11 / 38 | 46 / 31 | 1M | 2M |
| Q4 2023 | 138 | 16M | 29.4% | 36 / 46 | 33 / 18 | 3M | 2M |
| Q3 2023 | 123 | 15M | 28.6% | 42 / 26 | 44 / 21 | 5M | 3M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of AD | Value | % of fund | As of |
|---|---|---|---|---|---|
| Avantis U.S. Small Cap Value ETF | 629,603 | 1.18% | $32.02M | 0.12% | May 31, 2026 |
| U.S. Small Cap Value Portfolio | 557,146 | 1.04% | $19.41M | 0.10% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 514,410 | 0.96% | $18.65M | 0.00% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 367,053 | 0.69% | $13.31M | 0.01% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 359,391 | 0.67% | $12.52M | 0.07% | Jul 31, 2026 |
| Dimensional U.S. Targeted Value ETF | 251,719 | 0.47% | $8.77M | 0.06% | Jul 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 232,736 | 0.44% | $8.44M | 0.01% | Jun 30, 2026 |
| 1290 VT GAMCO Small Company Value Portfolio | 194,500 | 0.36% | $7.05M | 0.16% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 165,343 | 0.31% | $6.00M | 0.01% | Jun 30, 2026 |
| Dimensional U.S. Small Cap ETF | 154,425 | 0.29% | $5.38M | 0.04% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Telecom ETF | 146,254 | 0.27% | $5.30M | 0.74% | Jun 30, 2026 |
| U.S. Small Cap Portfolio | 138,037 | 0.26% | $4.81M | 0.02% | Jul 31, 2026 |
| Dimensional US Small Cap Value ETF | 133,017 | 0.25% | $4.63M | 0.06% | Jul 31, 2026 |
| First Trust Small Cap Core AlphaDEX Fund | 120,288 | 0.22% | $4.19M | 0.31% | Jul 31, 2026 |
| Empower Small Cap Value Fund | 118,795 | 0.22% | $4.31M | 0.67% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Anthony J. Carlson | President and CEO, Director | 10,671 | 0.02% | Apr 6, 2026 |
| Douglas W. Chambers | Interim President and CEO, Director | 17,600 | 0.03% | Aug 14, 2025 |
| Michael Irizarry | EVP-CTO, Director | 115,076 | 0.22% | Aug 1, 2025 |
| Laurent C. Therivel | President and CEO, Director | 206,605 | 0.39% | Apr 7, 2025 |
| Kevin R. Lowell | EVP, Chief People Officer | 26,934 | 0.05% | Apr 7, 2025 |
| Harry J. Harczak Jr | Director | 19,870 | 0.04% | Sep 15, 2026 |
| Xavier Williams | Director | 8,735 | 0.02% | May 20, 2026 |
| Esteban C. Iriarte | Director | 11,426 | 0.02% | May 20, 2026 |
| John M. Toomey | Director | 0 | – | May 20, 2026 |
| Joseph R. Hanley | Director | 0 | – | Aug 6, 2025 |
| Walter Cd Carlson | Director | 44,628 | 0.08% | Aug 4, 2025 |
| Kenneth S. Dixon | Director | 0 | – | Jul 2, 2025 |
| Gregory P. Josefowicz | Director | 22,480 | 0.04% | Jun 3, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Harry J. Harczak Jr Director | Sep 11, 2026 | Sale | −2,123 | $38.21 | $81.12K | 14,415 |
| Harry J. Harczak Jr Director | Sep 11, 2026 | Sale | −4,709 | $38.18 | $179.79K | 16,538 |
| Harry J. Harczak Jr Director | May 19, 2026 | Award | +1,873 | $50.91 | $95.35K | 21,247 |
| Esteban C. Iriarte Director | May 19, 2026 | Award | +1,873 | $50.91 | $95.35K | 11,426 |
| Xavier Williams Director | May 19, 2026 | Award | +1,873 | $50.91 | $95.35K | 8,735 |
| Anthony J. Carlson President and CEO, Director | Apr 3, 2026 | Option exercise | +1,742 | $48.00 | $83.62K | 10,671 |
| Anthony J. Carlson President and CEO, Director | Apr 3, 2026 | Option exercise | +4,150 | $48.00 | $199.20K | 14,310 |
| Anthony J. Carlson President and CEO, Director | Apr 3, 2026 | Tax withholding | −1,217 | $48.00 | $58.42K | 13,093 |
| Anthony J. Carlson President and CEO, Director | Apr 3, 2026 | Tax withholding | −511 | $48.00 | $24.53K | 10,160 |
| Anthony J. Carlson President and CEO, Director | Mar 4, 2026 | Tax withholding | −349 | $49.91 | $17.42K | 8,929 |
| Anthony J. Carlson President and CEO, Director | Mar 4, 2026 | Option exercise | +1,004 | $49.91 | $50.11K | 9,278 |
| Anthony J. Carlson President and CEO, Director | Jan 2, 2026 | Tax withholding | −1,355 | $54.00 | $73.17K | 8,274 |
| Anthony J. Carlson President and CEO, Director | Jan 2, 2026 | Option exercise | +5,022 | $54.00 | $271.19K | 9,629 |
| Harry J. Harczak Jr Director | Aug 18, 2025 | Sale | −1,960 | $76.20 | $149.35K | 19,374 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 12, 2025 | Sale | −93,300 | $75.77 | $7.07M | 17,600 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Option exercise | +41,132 | – | – | 130,233 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Option exercise | +67,005 | – | – | 177,905 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Tax withholding | −19,333 | $73.50 | $1.42M | 110,900 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Returned to company | −67,005 | $73.50 | $4.92M | 110,900 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Tax withholding | −5,416 | $73.50 | $398.08K | 89,101 |
| Douglas W. Chambers Interim President and CEO, Director | Aug 1, 2025 | Option exercise | +11,522 | – | – | 94,517 |
| Walter Cd Carlson Director | Aug 1, 2025 | Award | +1,146 | $73.50 | $84.23K | 44,628 |
| Xavier Williams Director | Aug 1, 2025 | Award | +1,960 | $73.50 | $144.06K | 6,862 |
| Esteban C. Iriarte Director | Aug 1, 2025 | Award | +1,960 | $73.50 | $144.06K | 9,553 |
| Harry J. Harczak Jr Director | Aug 1, 2025 | Award | +1,960 | $73.50 | $144.06K | 21,334 |
| Michael Irizarry EVP-CTO, Director | Jul 30, 2025 | Option exercise | +18,683 | $45.87 | $856.99K | 115,076 |
| Michael Irizarry EVP-CTO, Director | Jul 30, 2025 | Tax withholding | −14,895 | $72.13 | $1.07M | 100,181 |
| Gregory P. Josefowicz Director | Jun 2, 2025 | Gift | −5,000 | – | – | 22,480 |
| Harry J. Harczak Jr Director | Apr 28, 2025 | Gift | −2,900 | – | – | 19,374 |
| Michael Irizarry EVP-CTO, Director | Apr 4, 2025 | Tax withholding | −11,055 | $64.48 | $712.83K | 96,393 |
| Michael Irizarry EVP-CTO, Director | Apr 4, 2025 | Option exercise | +24,952 | – | – | 107,448 |
| Michael Irizarry EVP-CTO, Director | Apr 4, 2025 | Tax withholding | −12,147 | $64.48 | $783.24K | 82,496 |
| Michael Irizarry EVP-CTO, Director | Apr 4, 2025 | Option exercise | +27,419 | – | – | 94,643 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 4, 2025 | Option exercise | +9,686 | – | – | 26,934 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 4, 2025 | Tax withholding | −3,957 | $64.48 | $255.15K | 22,977 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 4, 2025 | Tax withholding | −4,347 | $64.48 | $280.29K | 17,248 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 4, 2025 | Option exercise | +10,642 | – | – | 21,595 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 4, 2025 | Tax withholding | −10,523 | $64.48 | $678.52K | 72,198 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 4, 2025 | Option exercise | +22,389 | – | – | 82,721 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 4, 2025 | Option exercise | +20,374 | – | – | 92,572 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 4, 2025 | Tax withholding | −9,577 | $64.48 | $617.52K | 82,995 |
| Laurent C. Therivel President and CEO, Director | Apr 4, 2025 | Option exercise | +73,248 | – | – | 206,605 |
| Laurent C. Therivel President and CEO, Director | Apr 4, 2025 | Option exercise | +66,656 | – | – | 240,812 |
| Laurent C. Therivel President and CEO, Director | Apr 4, 2025 | Tax withholding | −32,449 | $64.48 | $2.09M | 174,156 |
| Laurent C. Therivel President and CEO, Director | Apr 4, 2025 | Tax withholding | −29,529 | $64.48 | $1.90M | 211,283 |
| Michael Irizarry EVP-CTO, Director | Apr 3, 2025 | Option exercise | +14,577 | – | – | 73,682 |
| Michael Irizarry EVP-CTO, Director | Apr 3, 2025 | Tax withholding | −6,458 | $68.71 | $443.73K | 67,224 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 3, 2025 | Option exercise | +9,786 | – | – | 14,135 |
| Kevin R. Lowell EVP, Chief People Officer | Apr 3, 2025 | Tax withholding | −3,182 | $68.71 | $218.64K | 10,953 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 3, 2025 | Tax withholding | −4,953 | $68.71 | $340.32K | 60,332 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Apr 3, 2025 | Option exercise | +11,522 | – | – | 65,285 |
| Laurent C. Therivel President and CEO, Director | Apr 3, 2025 | Tax withholding | −16,919 | $68.71 | $1.16M | 133,357 |
| Laurent C. Therivel President and CEO, Director | Apr 3, 2025 | Option exercise | +38,190 | – | – | 150,276 |
| Michael Irizarry EVP-CTO, Director | Mar 4, 2025 | Option exercise | +9,307 | – | – | 62,220 |
| Michael Irizarry EVP-CTO, Director | Mar 4, 2025 | Tax withholding | −3,115 | $63.51 | $197.83K | 59,105 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Mar 4, 2025 | Tax withholding | −2,210 | $63.51 | $140.36K | 53,763 |
| Douglas W. Chambers EVP-CFO & Treasurer, Director | Mar 4, 2025 | Option exercise | +6,906 | – | – | 55,973 |
| Laurent C. Therivel President and CEO, Director | Mar 4, 2025 | Tax withholding | −10,153 | $63.51 | $644.82K | 112,086 |
| Laurent C. Therivel President and CEO, Director | Mar 4, 2025 | Option exercise | +22,917 | – | – | 122,239 |
| Kevin R. Lowell EVP, Chief People Officer | Mar 4, 2025 | Option exercise | +5,865 | – | – | 5,865 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Harry J. Harczak Jr Director | Sep 16, 2026 | 6,832 | $260.91K | Sep 11, 2026 | Restricted Stock Award |
| Harry J. Harczak Jr Director | Aug 18, 2025 | 1,960 | $148.37K | Aug 18, 2025 | Vested RSAs |
| R. Lowell Kevin Officer | Aug 14, 2025 | 22,977 | $1.74M | Aug 14, 2025 | Peformance Shares |
| Therivel Laurent Former Officer | Aug 13, 2025 | 35,724 | $2.74M | Aug 12, 2025 | Restricted stock vesting under a registered plan |
| Kevin R. Lowell Officer | Aug 12, 2025 | 26,459 | $2.01M | Aug 12, 2025 | Restricted stock |
| Douglas W. Chambers Officer | Aug 12, 2025 | 73,934 | $5.62M | Aug 12, 2025 | Stock Awards |
| W. Chambers Douglas Director | Aug 12, 2025 | 27,905 | $2.12M | Aug 12, 2025 | Restricted stock vesting under a registered plan |
| R. Lowell Kevin Officer | Aug 5, 2024 | 37,597 | $1.85M | Aug 5, 2024 | Performance Stock |
| Irizarry Michael Officer, Director | Apr 10, 2023 | 18,826 | $421.33K | Apr 10, 2023 | Restricted Stock |