GOLDBERG MICHELLE J 4

What Happened

• Michelle J. Goldberg, a director of Lumen Technologies (LUMN), was granted 25,197 restricted shares on May 21, 2026. The award was recorded at $9.44 per share for a total value of $237,860. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Filing date: 2026-05-26 (filed five days after the transaction)
• Price per share reported: $9.44; Total reported value: $237,860
• Shares received: 25,197 restricted shares
• Vesting: The grant will vest on May 21, 2027 (footnote F1)
• Shares owned after the transaction: Not disclosed in the provided Form 4
• Filing timeliness: Filed May 26, 2026 — later than the standard 2-business-day Form 4 deadline (may warrant attention)

Context

• This was a compensation award (restricted stock) rather than a market purchase or sale. Restricted stock grants are common as director compensation and vest over time; they do not by themselves indicate the director is buying or selling shares for investment purposes.