[Form 4] Lumen Technologies, Inc. Insider Trading Activity

Hodges Jennifer A. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Hodges Jennifer A. reported acquisition or exercise transactions in this Form 4 filing.

Lumen Technologies EVP and Chief Legal Officer Jennifer A. Hodges received an equity grant of 200,809 shares of common stock as compensation. The award is in the form of restricted stock, with 40% subject to time-based vesting and 60% tied to performance goals.

The time-based portion will vest in three equal annual installments on April 20, 2027, March 1, 2028, and March 1, 2029. Any performance-based shares earned under two three-year performance metrics will vest on March 1, 2029. Following this grant, Hodges directly holds 389,668 shares of Lumen common stock.

Insider Trade Summary

Grant/Award: 200,809 shares

Grant/Award 1 txn

Insider Hodges Jennifer A.

Role EVP, Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	200,809	$7.4698	$1.50M

Holdings After Transaction: Common Stock — 389,668 shares (Direct)

Footnotes (1)

1. F1. Represents a grant of restricted stock (40% time-based and 60% performance-based). The time-based portion will vest in three equal annual installments on April 20, 2027, March 1, 2028, and March 1, 2029. Vesting of the performance-based portion is dependent upon the extent to which two three-year performance metrics are achieved, with any earned shares vesting on March 1, 2029.

Key Figures

Restricted stock grant: 200,809 shares Grant reference price: $7.4698 per share Post-grant holdings: 389,668 shares +2 more

5 metrics

Restricted stock grant 200,809 shares Common stock award to EVP & Chief Legal Officer

Grant reference price $7.4698 per share Price per share reported for the 200,809-share award

Post-grant holdings 389,668 shares Total common shares directly held after the transaction

First time-based vesting date April 20, 2027 First of three equal annual installments for time-based portion

Final vesting date March 1, 2029 Final time-based installment and performance-based vesting date

Key Terms

restricted stock, time-based, performance-based, vest, +1 more

5 terms

restricted stock financial

"Represents a grant of restricted stock (40% time-based and 60% performance-based)."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

time-based financial

"Represents a grant of restricted stock (40% time-based and 60% performance-based)."

performance-based financial

"Represents a grant of restricted stock (40% time-based and 60% performance-based)."

vest financial

"The time-based portion will vest in three equal annual installments on April 20, 2027, March 1, 2028, and March 1, 2029."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

performance metrics financial

"Vesting of the performance-based portion is dependent upon the extent to which two three-year performance metrics are achieved."

Performance metrics are concrete numbers or ratios that show how well a business, product, or investment is doing—like speed, fuel use and mileage on a car’s dashboard. They measure things investors care about, such as sales growth, profitability, cash flow, customer retention or efficiency, so readers can compare progress, spot strengths or problems, and make informed decisions about buying, holding or selling shares.

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

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Accepted by SEC EDGAR 04/22/2026 - 05:52 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^*

Hodges Jennifer A.

(Last) (First) (Middle)

100 CENTURYLINK DR.

(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 Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

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	04/20/2026		A(1)		200,809	A	$7.4698	389,668	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. Represents a grant of restricted stock (40% time-based and 60% performance-based). The time-based portion will vest in three equal annual installments on April 20, 2027, March 1, 2028, and March 1, 2029. Vesting of the performance-based portion is dependent upon the extent to which two three-year performance metrics are achieved, with any earned shares vesting on March 1, 2029.

Remarks:

	/s/ Cory Smith, as Attorney-in-Fact for Jennifer Hodges	04/22/2026
	** 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)