Lumen CEO Kathleen Johnson buys 100,000 shares

Lumen Technologies, Inc. reports that CEO Kathleen E. Johnson, through a revocable trust, purchased 100,000 shares of common stock on August 6, 2026 at a weighted average price of $6.1268 per share, with prices ranging from $6.065 to $6.175.

Rhea-AI Filing Summary

Lumen Technologies, Inc. reports that CEO Kathleen E. Johnson, through a revocable trust, purchased 100,000 shares of common stock on August 6, 2026 at a weighted average price of $6.1268 per share, with prices ranging from $6.065 to $6.175. The purchased shares are held by the Revocable Trust of Todd and Kathleen Johnson, where she serves as a trustee. Following this and prior estate-planning transfers, Johnson is reported as holding 7,509,539 shares directly, and additional indirect holdings of 100,000 shares via the revocable trust, 3,606,127 shares via a spousal trust, and 1,000,000 shares via a grantor retained annuity trust.

Insider Trade Summary

Net Buyer: 100,000 shares

Net Buy 4 txns

Insider Johnson Kathleen E

Role Chief Executive Officer

Bought 100,000 shs ($613K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2	100,000	$6.1268	$613K
holding	Common Stock F3	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 100,000 shares (Indirect, By Revocable Trust); Common Stock — 7,509,539 shares (Direct); Common Stock — 3,606,127 shares (Indirect, By Spousal Trust); Common Stock — 1,000,000 shares (Indirect, By Grantor Retained Annuity Trust)

Footnotes (3)

1. F1. The price in column 4 is a weighted average price. The prices actually paid for the stock ranged from $6.065 to $6.175 per share. The Reporting Person has provided the Company, and upon request, will provide any security holder of the Company or the staff of the U.S. Securities and Exchange Commission, with information regarding the number of shares acquired at each price within that range.
2. F2. Shares are held by the Revocable Trust of Todd and Kathleen Johnson, u/a/d November 29, 2021, of which the Reporting Person is a trustee.
3. F3. Includes the transfer of 1,000,000 shares on May 15, 2026 to the Kathleen E Johnson May 2026 2-Year GRAT, U/A 5/11/26, of which the Reporting Person is the trustee, for estate planning purposes.

Key Figures

Shares purchased: 100,000 shares of Common Stock Weighted average purchase price: $6.1268 per share Purchase price range: $6.065 to $6.175 per share +4 more

7 metrics

Shares purchased 100,000 shares of Common Stock Open-market or private purchase on August 6, 2026 by revocable trust associated with CEO

Weighted average purchase price $6.1268 per share Price for 100,000-share purchase; actual prices ranged from $6.065 to $6.175

Purchase price range $6.065 to $6.175 per share Range of prices paid for shares included in the 100,000-share acquisition

Direct holdings after transaction 7,509,539 shares Common Stock held directly by Kathleen Johnson following the reported activity

Revocable Trust holdings 100,000 shares Common Stock held by the Revocable Trust of Todd and Kathleen Johnson after the purchase

Spousal Trust holdings 3,606,127 shares Common Stock held indirectly by spousal trust associated with Kathleen Johnson

GRAT holdings 1,000,000 shares Common Stock held by Kathleen E Johnson May 2026 2-Year GRAT for estate planning

Key Terms

Revocable Trust, Grantor Retained Annuity Trust, spousal trust, weighted average price, +1 more

5 terms

Revocable Trust financial

"Shares are held by the Revocable Trust of Todd and Kathleen Johnson"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

Grantor Retained Annuity Trust financial

"transfer of 1,000,000 shares to the Kathleen E Johnson May 2026 2-Year GRAT"

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

spousal trust financial

"Common Stock held indirectly by Spousal Trust associated with Kathleen Johnson"

weighted average price financial

"The price in column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Rule 10b5-1 financial

"The Rule 10b5-1 checkbox was not marked for this transaction"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

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

Kathleen E. Johnson reported buying 100,000 Lumen common shares on August 6, 2026 through a revocable trust. The weighted average purchase price was $6.1268 per share, reflecting an open-market transaction for indirect holdings associated with her.

At what price did the LUMN CEO buy the 100,000 shares?

The 100,000 Lumen (LUMN) shares were purchased at a weighted average price of $6.1268 per share. According to the disclosure, actual trade prices for these shares ranged between $6.065 and $6.175, with details by price level available from the company on request.

How many Lumen (LUMN) shares does Kathleen Johnson hold after this transaction?

After the reported activity, Kathleen Johnson holds 7,509,539 shares directly. She also has indirect holdings of 100,000 shares via a revocable trust, 3,606,127 shares via a spousal trust, and 1,000,000 shares via a grantor retained annuity trust, as trustee.

Was the LUMN CEO’s 100,000-share purchase under a Rule 10b5-1 trading plan?

No. The insider report indicates the Rule 10b5-1 checkbox was not marked, meaning the disclosed 100,000-share purchase was not affirmatively reported as made under a Rule 10b5-1 trading plan, but rather as a discretionary open-market or private transaction.

What trusts are involved in Kathleen Johnson’s Lumen (LUMN) share holdings?

Johnson’s indirect Lumen holdings are spread across a Revocable Trust of Todd and Kathleen Johnson, a spousal trust, and a Grantor Retained Annuity Trust (GRAT). One footnote notes a 1,000,000-share transfer into the GRAT on May 15, 2026 for estate-planning purposes.

How is the 1,000,000-share GRAT position in Lumen (LUMN) described?

A footnote states the 1,000,000 Lumen shares are held in the Kathleen E Johnson May 2026 2-Year GRAT, where she is trustee. This position includes a transfer of 1,000,000 shares on May 15, 2026 undertaken for estate planning purposes.

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

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Available on EDGAR 08/06/2026 - 06:37 PM Accepted by SEC EDGAR 08/06/2026 - 06:36 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)
08/06/2026

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	08/06/2026		P		100,000	A	$6.1268(1)	100,000	I	By Revocable Trust(2)
Common Stock								7,509,539(3)	D
Common Stock								3,606,127	I	By Spousal Trust
Common Stock								1,000,000(3)	I	By Grantor Retained Annuity Trust

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. The price in column 4 is a weighted average price. The prices actually paid for the stock ranged from $6.065 to $6.175 per share. The Reporting Person has provided the Company, and upon request, will provide any security holder of the Company or the staff of the U.S. Securities and Exchange Commission, with information regarding the number of shares acquired at each price within that range.

2. Shares are held by the Revocable Trust of Todd and Kathleen Johnson, u/a/d November 29, 2021, of which the Reporting Person is a trustee.

3. Includes the transfer of 1,000,000 shares on May 15, 2026 to the Kathleen E Johnson May 2026 2-Year GRAT, U/A 5/11/26, of which the Reporting Person is the trustee, for estate planning purposes.

Remarks:

	/s/ Cory Smith, as Attorney-in-Fact for Kathleen Elizabeth Johnson	08/06/2026
	** 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)