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For Lumen Technologies, Inc. common stock, Dan Hagan reported beneficial ownership of 75,000,000 shares, or 7.3% of the class. The percentage is based on 1,031,445,404 shares issued and outstanding as of July 31, 2026.
A March 26, 2026 letter agreement requires Hagan to vote, or cause to be voted, 20,000,000 shares acquired after that date in accordance with the issuer board’s recommendations on specified matters, including director elections, independent-auditor matters, advisory executive-compensation votes, equity-plan share authorizations and certain other routine governance matters. The arrangement expires when the issuer’s NOL rights plan expires.
Key Figures
Beneficial ownership:75,000,000 sharesPercent of class:7.3%Shares subject to voting agreement:20,000,000 shares+1 more
Percent of class7.3%Based on shares issued and outstanding as of July 31, 2026
Shares subject to voting agreement20,000,000 sharesShares acquired after March 26, 2026
Common shares issued and outstanding1,031,445,404 sharesAs of July 31, 2026
Key Terms
beneficially owned, Sole Voting Power, sole dispositive power, NOL rights plan
4 terms
beneficially ownedregulatory
"Amount beneficially owned: 75,000,000 shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Powerregulatory
"Sole Voting Power 75,000,000.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
NOL rights planregulatory
"This voting arrangement expires upon the expiration of the Issuer's NOL rights plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many LUMN shares does Dan Hagan beneficially own?
Dan Hagan reported beneficial ownership of 75,000,000 Lumen Technologies, Inc. common shares, equal to 7.3% of the class. He reported sole voting and dispositive power over 75,000,000 shares and shared voting and dispositive power over zero shares.
How does Dan Hagan's LUMN voting agreement work?
Under a March 26, 2026 letter agreement, Hagan must vote, or cause to be voted, 20,000,000 shares acquired after that date in accordance with the issuer board’s recommendations on director elections, independent auditors and related fees, advisory executive-compensation votes and their frequency, increases in equity-plan share authorizations, and certain other routine governance matters. The arrangement expires when the issuer’s NOL rights plan expires.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Lumen Technologies, Inc.
(Name of Issuer)
Common Stock, No Par Value Per Share
(Title of Class of Securities)
550241103
(CUSIP Number)
09/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
550241103
1
Names of Reporting Persons
Dan Hagan
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
75,000,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
75,000,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
75,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Lumen Technologies, Inc.
(b)
Address of issuer's principal executive offices:
100 CenturyLink Drive, Monroe, Louisiana 71203
Item 2.
(a)
Name of person filing:
Dan Hagan.
(b)
Address or principal business office or, if none, residence:
601 E Broadway, Suite 203, PO Box 1225 Columbia, Missouri 65205
(c)
Citizenship:
United States of America
(d)
Title of class of securities:
Common Stock, No Par Value Per Share
(e)
CUSIP No.:
550241103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
75,000,000 shares
(b)
Percent of class:
7.3% (1)
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
75,000,000 shares
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
75,000,000 shares
(iv) Shared power to dispose or to direct the disposition of:
0
Under a March 26, 2026 letter agreement (the "Agreement") with the Issuer, the reporting person must vote (or cause to be voted) the 20,000,000 shares of Lumen common stock acquired after the date of the Agreement in accordance with the recommendations of the Issuer's board of directors or committee thereof with respect to the election of directors, the appointment, ratification or approval of independent auditors and related auditor fees, advisory votes on executive compensation and the frequency of such votes, any increase in the shares authorized for issuance under the Issuer's equity incentive plans and certain other routine corporate governance matters. This voting arrangement expires upon the expiration of the Issuer's NOL rights plan.
(1) The percentage ownership information is calculated based upon 1,031,445,404 shares of common stock of the Issuer issued and outstanding as of July 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 4, 2026.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
