[Form 3] Lumen Technologies, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Donald Leroy Holt filed a Form 3 reporting direct beneficial ownership of 45,008 shares of Lumen Technologies, Inc. (LUMN). The filing states 18,092 of those shares are unvested restricted stock. Mr. Holt is identified as the company’s Chief Accounting Officer & Controller. The event date is 09/23/2025 and the form was signed by an attorney-in-fact on 09/25/2025.

Insights

Financial Analyst

TL;DR: Routine insider reporting that discloses officer share ownership and restricted stock holdings.

The Form 3 shows a company officer holds 45,008 shares directly, including 18,092 unvested restricted shares. This is a standard initial Section 16 filing that documents insider alignment with shareholder interests but contains no transaction pricing, grants beyond the restricted shares, or other compensatory detail. Impact on valuation is neutral based solely on this disclosure.

Corporate Governance Expert

TL;DR: Initial beneficial ownership disclosure by a senior accounting officer; procedural and governance-compliant.

The filing properly notifies the market of the Chief Accounting Officer & Controller’s direct ownership and restricted stock component. It confirms disclosure compliance under Section 16 but does not indicate changes in control, loans, or related-party transactions. From a governance perspective the report is routine and informational.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Holt Donald Leroy

(Last) (First) (Middle)

100 CENTURYLINK DR

(Street)

MONROE LA 71203

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/23/2025

3. Issuer Name and Ticker or Trading Symbol
Lumen Technologies, Inc. [ LUMN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Acctg. Off. & Controller

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	45,008(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 18,092 unvested shares of restricted stock.

Remarks:

	/s/ Meredith Hayes, as Attorney-in-fact for Donald Leroy Holt	09/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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