Stansbury Christopher Form 4 Filed 2025-08-15

FORM 4

☐	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

Stansbury Christopher

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 and CFO

(Last)

(First)

(Middle)

100 CENTURYLINK DRIVE

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

(Street)

MONROE, LA 71203

(City)

(State)

(Zip)

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check applicable line)

__X__ Form Filed by One Reporting Person
_____ Form Filed by More than One Reporting Person

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/14/2025		P		18,000	A	$4.2906⁽¹⁾	518,000	I	By spouse as trustee of ARS Trust⁽²⁾
Common Stock	08/14/2025		P		12,000	A	$4.2906⁽¹⁾	12,000	I	By spouse as trustee of RJR Trust⁽³⁾
Common Stock	08/14/2025		P		12,000	A	$4.2906⁽¹⁾	12,000	I	SRR DSNT⁽⁴⁾
Common Stock	08/15/2025		P		17,000	A	$4.4387⁽⁵⁾	535,000	I	By spouse as trustee of ARS Trust⁽²⁾
Common Stock	08/15/2025		P		11,500	A	$4.4387⁽⁵⁾	23,500	I	By spouse as trustee of RJR Trust⁽³⁾
Common Stock	08/15/2025		P		11,500	A	$4.4387⁽⁵⁾	23,500	I	SRR DSNT⁽⁴⁾
Common Stock								5,210,218	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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(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 $4.205 to $4.33 per share. The reporting person has provided the Company, and upon request, will provide any security holder of the Company or the SEC staff, with information regarding the number of shares acquired at each price within that range.
2.	The ARS Trust, a revocable trust for the benefit of the reporting person's spouse, was previously described as the AMR Trust on the reporting person's Forms 4.
3.	The RJR Trust is an irrevocable trust for the benefit of the reporting person's child.
4.	The SSR DSNT is an irrevocable trust for the benefit of the reporting person's child.
5.	The price in column 4 is a weighted average price. The prices actually paid for the stock ranged from $4.38 to $4.53 per share. The reporting person has provided the Company, and upon request, will provide any security holder of the Company or the SEC staff, with information regarding the number of shares acquired at each price within that range.

	Signatures
	/s/ Kathryn Murray, as Attorney-in-Fact for Christopher D. Stansbury	08/15/2025
	** 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).
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