Lumen (NYSE: LUMN) EVP Fowler has 22,922 shares withheld to cover taxes

Rhea-AI Filing Summary

Lumen Technologies, Inc. executive James Fowler reported a routine tax-related share disposition. On the vesting of his equity awards, 22,922 shares of Common Stock were withheld at $10.34 per share to cover taxes. After this withholding, Fowler directly holds 1,608,275 shares of Lumen common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fowler James

Role EVP, Chief Tech & Product Off.

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	22,922	$10.34	$237K

Holdings After Transaction: Common Stock — 1,608,275 shares (Direct, null)

Footnotes (1)

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Key Figures

Tax-withheld shares: 22,922 shares Per-share value: $10.34 per share Post-transaction holdings: 1,608,275 shares +2 more

5 metrics

Tax-withheld shares 22,922 shares Shares withheld to cover taxes on vesting equity awards

Per-share value $10.34 per share Value used for withheld shares in tax-withholding disposition

Post-transaction holdings 1,608,275 shares Direct Lumen common stock held after tax withholding

Transaction code F Payment of tax liability by delivering securities

Transaction date 2026-05-14 Date of tax-withholding disposition on equity vesting

Key Terms

tax-withholding disposition, equity awards, Common Stock, Form 4

4 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

equity awards financial

"taxes due upon the vesting of equity awards"

Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fowler James

(Last) (First) (Middle)

100 CENTURYLINK DRIVE

(Street)

MONROE LOUISIANA 71203

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Tech & Product Off.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/14/2026		F(1)		22,922	D	$10.34	1,608,275	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld to cover the taxes due upon the vesting of equity awards.

Remarks:

	/s/ Meredith Hayes, as Attorney-in-fact for James Fowler	05/18/2026
	** 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 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Lumen Technologies (LUMN) EVP James Fowler report in this Form 4?

Executive James Fowler reported a tax-withholding disposition of Lumen Technologies common stock. 22,922 shares were withheld when his equity awards vested to satisfy tax obligations, while he retained a substantial remaining direct holding in the company’s shares.

How many Lumen (LUMN) shares were withheld for James Fowler’s taxes?

The filing shows 22,922 shares of Lumen Technologies common stock were withheld. These shares covered taxes due upon the vesting of equity awards, a standard non-market transaction that does not represent an open-market sale by the executive.

At what price were James Fowler’s Lumen (LUMN) tax-withheld shares valued?

The withheld shares were valued at $10.34 per share. This price is used in the Form 4 to calculate the value of the 22,922 shares applied toward Fowler’s tax liability on recently vested equity compensation awards.

How many Lumen (LUMN) shares does James Fowler hold after this Form 4 transaction?

After the tax-withholding event, James Fowler directly holds 1,608,275 shares of Lumen common stock. This figure reflects his position following the withholding of 22,922 shares to cover taxes tied to vesting equity awards.

Was James Fowler’s Lumen (LUMN) Form 4 an open-market sale?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to pay taxes on vested equity awards, a mechanical process rather than a discretionary trade in the open market.