Lumen Technologies Inc SEC Filings

Lumen Technologies executive Jeffery S. Sharritts filed an initial ownership report stating he currently holds no company securities. The filing identifies him as EVP, Chief Revenue Officer of Lumen Technologies, Inc. and confirms that no non-derivative or derivative securities are beneficially owned as of the February 4, 2026 event date.

Lumen Technologies President and CEO Kathleen E. Johnson reported an open-market purchase of 78,685 shares of common stock on February 5, 2026, coded as a purchase transaction. The weighted average purchase price was $6.3535 per share, with actual prices ranging from $6.2775 to $6.42 per share.

Following this transaction, Johnson beneficially owns 8,562,582 Lumen common shares directly. In addition, 3,364,677 common shares are reported as indirectly owned through a spousal trust, reflecting separate indirect beneficial ownership. No derivative securities were reported in this filing.

Lumen Technologies, Inc. filed an amended current report to add unaudited pro forma financial statements related to the completed sale of its Mass Markets fiber-to-the-home business in eleven states to subsidiaries of AT&T Inc. under a Purchase Agreement dated May 21, 2025.

The amendment supplies pro forma condensed consolidated financial information as Exhibit 99.2, including a balance sheet as of September 30, 2025 and statements of operations for the year ended December 31, 2024 and the interim period ended September 30, 2025, reflecting the divestiture. All other disclosures from the original February 2, 2026 report remain unchanged.

Lumen Technologies announced a leadership change in its sales organization. Ashley Haynes-Gaspar is leaving her role as Executive Vice President and Chief Revenue Officer, and Jeffery S. Sharritts has been appointed to that position effective February 4, 2026.

Haynes-Gaspar will provide transition services through March 6, 2026 to support an orderly handover. She will receive salary through her transition date, a short-term incentive bonus for fiscal year 2025 based on actual performance, benefits available under existing company plans including the Lumen Executive Severance Plan, and accelerated vesting of certain equity awards, in exchange for a release of claims and continued satisfactory service through the transition period.

Lumen Technologies, Inc. filed a current report describing the release of its operating results for the fourth quarter and full year ended December 31, 2025. The company issued an earnings press release and an accompanying slide presentation, furnished as Exhibits 99.1 and 99.2.

The slide presentation supports a teleconference on February 3, 2026 at 5:00 p.m. Eastern time and is also available on Lumen’s investor relations website. The company emphasizes that these materials are furnished, not filed, and includes forward-looking statements language referencing risk factors in its periodic SEC reports.

Lumen Technologies completed the previously announced sale of its Mass Markets fiber-to-the-home business in 11 states to Forged Fiber 37, LLC, an indirect wholly owned subsidiary of AT&T, for cash consideration of $5.75 billion, subject to working capital and other purchase price adjustments.

The company plans to apply approximately $4.8 billion of the proceeds and cash on hand to redeem several series of secured notes and repay outstanding Superpriority term loans and its Superpriority Revolving/Term Loan A Credit Agreement, fully satisfying and discharging its obligations under these debt instruments.

Lumen Technologies executive Ashley Haynes-Gaspar, EVP and Chief Revenue Officer, reported a tax-related share disposition. On January 9, 2026, 30,603 shares of Lumen common stock were disposed of at a price of $7.91 per share. A footnote explains that these shares were withheld to cover taxes due upon the vesting of equity awards, rather than sold in a discretionary open-market transaction.

Following this withholding event, Haynes-Gaspar directly beneficially owned 1,620,048 shares of Lumen common stock. The filing is for a single reporting person and reflects routine equity award and tax settlement activity tied to compensation.

Lumen Technologies, Inc., through its subsidiary Level 3 Financing, Inc., completed an upsized offering of an additional $650 million of 8.500% Senior Notes due 2036, issued as part of the same series as its existing 8.500% Senior Notes due 2036. The notes are senior unsecured obligations of Level 3 Financing and are fully and unconditionally guaranteed on a senior unsecured basis by Level 3 Parent, LLC and certain domestic subsidiaries.

The net proceeds were used primarily to purchase Existing Second Lien Notes that remained after early settlement of cash tender offers, and to pay related interest, fees and expenses, with any remaining proceeds for fees, expenses and general corporate purposes. Lumen also reports supplemental indentures and amendments to its second lien note indentures, which eliminate substantially all restrictive covenants, remove certain events of default, and release collateral securing several series of Existing Second Lien Notes.

Lumen Technologies executive James Fowler received a large sign-on equity grant. On January 5, 2026, he was awarded 612,860 shares of Lumen common stock at a price of $0 per share as time-based restricted stock. Following this grant, he beneficially owned 1,048,310 shares directly.

The award is structured to vest over several years. According to the grant terms, 487,787 shares will vest in three equal annual installments beginning on January 5, 2027. The remaining 125,073 shares will vest in equal installments on January 5, 2031 and January 5, 2033. This creates a long-term equity incentive tied to his continued service as EVP, Chief Technology & Product Officer.