Tax-withheld Lumen (NYSE: LUMN) EVP share sale for equity vesting

Rhea-AI Filing Summary

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.

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

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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^*

Haynes-Gaspar Ashley

(Last) (First) (Middle)

100 CENTURYLINK DRIVE

(Street)

MONROE LA 71203

(City) (State) (Zip)

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 and Chief Revenue Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

4. 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 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	01/09/2026		F(1)		30,603	D	$7.91	1,620,048	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 Ashley Haynes-Gaspar	01/13/2026
	** 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.
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FAQ

What insider transaction did Lumen (LUMN) report for Ashley Haynes-Gaspar?

The filing reports that Ashley Haynes-Gaspar, EVP and Chief Revenue Officer of Lumen Technologies, had 30,603 shares of common stock disposed of on January 9, 2026, reported at $7.91 per share.

Was the Ashley Haynes-Gaspar Lumen (LUMN) Form 4 transaction an open-market sale?

No. A footnote states that the 30,603 shares were withheld to cover taxes due upon the vesting of equity awards, indicating a tax-withholding event rather than a discretionary market sale.

How many Lumen (LUMN) shares does Ashley Haynes-Gaspar hold after this Form 4 transaction?

After the reported tax withholding, Ashley Haynes-Gaspar beneficially owned 1,620,048 shares of Lumen Technologies common stock in direct ownership.

What is Ashley Haynes-Gaspar’s role at Lumen Technologies (LUMN)?

Ashley Haynes-Gaspar is reported as an Officer, serving as EVP and Chief Revenue Officer of Lumen Technologies, Inc.

What transaction code appears on Ashley Haynes-Gaspar’s Lumen (LUMN) Form 4?

The transaction is coded "F", which in this context corresponds to shares withheld to pay taxes upon the vesting of equity awards, as described in the footnote.

Is the Lumen (LUMN) Form 4 filed by Ashley Haynes-Gaspar a joint filing?

No. The Form 4 indicates that it is filed by one reporting person, specifically Ashley Haynes-Gaspar.