DEUTSCHE TELEKOM AG Form 4 Filed 2025-07-24

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 ^*

DEUTSCHE TELEKOM AG

2. Issuer Name and Ticker or Trading Symbol
T-Mobile US, Inc. [TMUS]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

FRIEDRICH-EBERT-ALLEE 140

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2025

(Street)

BONN, 2M 53113

(City)

(State)

(Zip)

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

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

______ Form Filed by One Reporting Person
__X__ 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	07/22/2025		S⁽¹⁾		57,513	D	$233.2756⁽²⁾	646,904,931	D
Common Stock	07/22/2025		S⁽¹⁾		5,202	D	$234.3618⁽³⁾	646,899,729	D
Common Stock	07/22/2025		S⁽¹⁾		3,810	D	$235.189⁽⁴⁾	646,895,919	D
Common Stock	07/22/2025		S⁽¹⁾		1,965	D	$236.4634⁽⁵⁾	646,893,954	D
Common Stock	07/22/2025		S⁽¹⁾		1,099	D	$237.2474⁽⁶⁾	646,892,855	D
Common Stock	07/22/2025		S⁽¹⁾		251	D	$237.9958⁽⁷⁾	646,892,604	D
Common Stock	07/23/2025		S⁽¹⁾		25,388	D	$231.6154⁽⁸⁾	646,867,216	D
Common Stock	07/23/2025		S⁽¹⁾		19,405	D	$232.5182⁽⁹⁾	646,847,811	D
Common Stock	07/23/2025		S⁽¹⁾		21,396	D	$233.6866⁽¹⁰⁾	646,826,415	D
Common Stock	07/23/2025		S⁽¹⁾		3,651	D	$234.1021⁽¹¹⁾	646,822,764	D
Common Stock	07/24/2025		S⁽¹⁾		300	D	$244.2267⁽¹²⁾	646,822,464	D
Common Stock	07/24/2025		S⁽¹⁾		100	D	$245.66	646,822,364	D
Common Stock	07/24/2025		S⁽¹⁾		30,325	D	$247.4818⁽¹³⁾	646,792,039	D
Common Stock	07/24/2025		S⁽¹⁾		16,732	D	$248.3427⁽¹⁴⁾	646,775,307	D
Common Stock	07/24/2025		S⁽¹⁾		17,525	D	$249.3188⁽¹⁵⁾	646,757,782	D
Common Stock	07/24/2025		S⁽¹⁾		3,936	D	$250.2747⁽¹⁶⁾	646,753,846	D
Common Stock	07/24/2025		S⁽¹⁾		922	D	$251.2909⁽¹⁷⁾	646,752,924	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

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
DEUTSCHE TELEKOM AG FRIEDRICH-EBERT-ALLEE 140 BONN, 2M 53113	X	X
T-Mobile Global Holding GmbH LANDGRABENWEG 151 BONN, 2M 53227	X	X
T-Mobile Global Zwischenholding GmbH FRIEDRICH-EBERT-ALLEE 140 BONN, 2M 53113	X	X
Deutsche Telekom Holding B.V. STATIONSPLEIN 8K MAASTRICHT, P7 6221 BT	X	X

Explanation of Responses:

1.	The transactions reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted on March 13, 2025.
2.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.82 to $233.80 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $233.82 to $234.81 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
4.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.82 to $235.69 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
5.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.88 to $236.85 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
6.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.90 to $237.67 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
7.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $237.94 to $238.08 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
8.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.92 to $231.96 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
9.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $231.97 to $232.96 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
10.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.97 to $233.94 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
11.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $233.98 to $234.24 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
12.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $244.06 to $244.51 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
13.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.89 to $247.87 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
14.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.89 to $248.88 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
15.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $248.89 to $249.88 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
16.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.90 to $250.85 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
17.	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $250.92 to $251.49 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Remarks: Solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder ("Section 16"), each Reporting Person may be deemed to be a director-by-deputization by virtue of the fact that each of Timotheus Hoettges, Chief Executive Officer of DT, Dr. Christian P. Illek, Board Member for Finance of DT, Raphael Kubler, Senior Vice President of the Corporate Operating Office of DT and Managing Director of Deutsche Telekom Holding B.V., Thorsten Langheim, Board Member for USA and Group Development of DT, and Dominique Leroy, Board Member for Europe of DT, serve on the board of directors of the Issuer. In addition, Each of T-Mobile Global Zwischenholding GmbH, T-Mobile Global Holding GmbH and Deutsche Telekom Holding B.V. are wholly-owned subsidiaries of DT. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Deutsche Telekom disclaims beneficial ownership in any Common Stock held by Project 6 or Project 9 if such Common Stock is not subject to the Proxy Agreement.

	Signatures
	/s/ Christoph Appel Attorney-in-fact	07/24/2025
	/s/ Christoph Appel Attorney-in-fact	07/24/2025
	/s/ Christoph Appel Attorney-in-fact	07/24/2025
	/s/ Christoph Appel Attorney-in-fact	07/24/2025
	** Signature of Reporting Person	Date
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