Kathleen E. Johnson - Mar 1, 2025 Form 4 Insider Report for Lumen Technologies, Inc. (LUMN)

Role: President & CEO, Director
Signature: /s/ Kathryn Murray, as Attorney-in-Fact for Kathleen Elizabeth Johnson
Stock symbol: LUMN
Transactions as of: Mar 1, 2025
Transactions value $: -$3,489,199
Form type: 4
Date filed: 3/4/2025, 06:49 PM
Previous filing: Nov 13, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LUMN	Common Stock	Award	$0	+3.33M	+48.35%	$0.00	10.2M	Mar 1, 2025	Direct	F1
transaction	LUMN	Common Stock	Tax liability	-$3.49M	-739K	-7.23%	$4.72	9.48M	Mar 1, 2025	Direct	F2
holding	LUMN	Common Stock						2.28M	Mar 1, 2025	By Spousal Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 beginning on March 1, 2026. 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, 2028.
F2	Shares withheld to cover the taxes due upon the vesting of equity awards.