Lumen CEO gifts 482,900 shares in estate move

Lumen Technologies CEO Kathleen E. Johnson reported gifting shares of the company’s common stock.

Rhea-AI Filing Summary

Lumen Technologies CEO Kathleen E. Johnson reported gifting shares of the company’s common stock. On May 7, 2026, she made bona fide gift transfers totaling 482,900 shares, including a transfer for estate planning purposes to an irrevocable trust for the benefit of her spouse and children.

Following these gifts, Johnson’s reported holdings remain substantial, with 8,509,539 shares held directly and 3,606,127 shares held indirectly through a spousal trust. The filing notes she disclaims ownership of the shares held in the irrevocable trust except to the extent of her beneficial ownership.

Insider Trade Summary

482,900 shares gifted

Gift 2 txns

Insider Johnson Kathleen E

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Gift	Common Stock	241,450	$0.00	$0.00
Gift	Common Stock	241,450	$0.00	$0.00

Holdings After Transaction: Common Stock — 8,509,539 shares (Direct); Common Stock — 3,606,127 shares (Indirect, By Spousal Trust)

Footnotes (2)

1. F1. Represents the reporting person's transfer of 241,450 shares of the Issuer's common stock for estate planning purposes to an irrevocable trust for the benefit of her spouse and children.
2. F2. The reporting person disclaims ownership of the shares held in this trust, except to the extent of her beneficial ownership therein.

Key Figures

Total shares gifted: 482,900 shares Individual gift transaction size: 241,450 shares Direct holdings after transaction: 8,509,539 shares +3 more

6 metrics

Total shares gifted 482,900 shares Bona fide gifts of common stock reported on May 7, 2026

Individual gift transaction size 241,450 shares Each of two non-derivative gift transfers of common stock

Direct holdings after transaction 8,509,539 shares Common stock held directly following the reported gifts

Indirect holdings after transaction 3,606,127 shares Common stock held indirectly through a spousal trust

Transaction price per share $0.00 per share Both transactions coded as bona fide gifts with no consideration

Gift transaction count 2 transactions Non-derivative common stock gifts with code G on May 7, 2026

Key Terms

bona fide gift, irrevocable trust, beneficial ownership, spousal trust

4 terms

bona fide gift financial

"transaction_code_description: Bona fide gift"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

irrevocable trust financial

"transfer of 241,450 shares ... to an irrevocable trust for the benefit of her spouse and children"

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

beneficial ownership financial

"disclaims ownership of the shares held in this trust, except to the extent of her beneficial ownership therein"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

spousal trust financial

"nature_of_ownership: By Spousal Trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Lumen Technologies (LUMN) report for CEO Kathleen Johnson?

Kathleen E. Johnson reported bona fide gifts of Lumen Technologies common stock. On May 7, 2026, she filed a Form 4 showing estate-planning related gift transfers totaling 482,900 shares, rather than open-market purchases or sales.

How many Lumen Technologies (LUMN) shares did the CEO gift in this Form 4?

The CEO reported gifting a total of 482,900 Lumen shares. The Form 4 shows two bona fide gift transactions of 241,450 shares each, coded as non-derivative dispositions for estate and family trust planning purposes.

Does the Lumen (LUMN) CEO still hold a significant stake after these gifts?

Yes, the CEO still reports substantial Lumen holdings after the gifts. Following the reported transactions, she holds 8,509,539 shares directly and 3,606,127 shares indirectly through a spousal trust, according to the Form 4 data.

Were the Lumen (LUMN) CEO’s transactions open-market sales or estate gifts?

The transactions are disclosed as bona fide gifts, not open-market sales. Both entries use transaction code G and are described as gift transfers, including a transfer to an irrevocable trust for the benefit of her spouse and children.

How are the gifted Lumen (LUMN) shares held after the CEO’s estate transfer?

The gifted shares are held through an irrevocable trust and a spousal trust. The filing notes an estate-planning transfer to an irrevocable trust for her spouse and children, and it reports additional indirect holdings via a spousal trust structure.

What does the Lumen (LUMN) Form 4 say about the CEO’s beneficial ownership of trust shares?

The filing states the CEO disclaims ownership of shares in the irrevocable trust. She disclaims ownership of those trust-held shares except to the extent of her beneficial ownership, reflecting standard estate and family trust planning language.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 04:58 PM Learn about SEC filing dates

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^*

Johnson Kathleen E

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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	05/07/2026		G		241,450(1)	D	$0	8,509,539	D
Common Stock	05/07/2026		G		241,450(1)	A	$0	3,606,127	I	By Spousal Trust(2)

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. Represents the reporting person's transfer of 241,450 shares of the Issuer's common stock for estate planning purposes to an irrevocable trust for the benefit of her spouse and children.

2. The reporting person disclaims ownership of the shares held in this trust, except to the extent of her beneficial ownership therein.

Remarks:

	/s/ Meredith Hayes, as Attorney-in-Fact for Kathleen Elizabeth Johnson	05/11/2026
	** 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)