LUMN Lumen Technologies, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 3/4 quarters. Q1 2018: $14M, Q3 2017: $0M, Q2 2017: $3M, Q1 2017: $12M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $14M vs trailing avg $5M (+180%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-2.3B), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 0 shares = 0.0% of 1,025,446,000 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

8 open-market purchases by 2 insiders

• Johnson Kathleen E (President & CEO) bought 78,685 shares at $6.35 on 2026-02-05
• Stansbury Christopher (EVP and CFO) bought 17,000 shares at $4.44 on 2025-08-15
• Stansbury Christopher (EVP and CFO) bought 11,500 shares at $4.44 on 2025-08-15
• Stansbury Christopher (EVP and CFO) bought 11,500 shares at $4.44 on 2025-08-15
• Stansbury Christopher (EVP and CFO) bought 18,000 shares at $4.29 on 2025-08-14
• Stansbury Christopher (EVP and CFO) bought 12,000 shares at $4.29 on 2025-08-14
• Stansbury Christopher (EVP and CFO) bought 12,000 shares at $4.29 on 2025-08-14
• Johnson Kathleen E (President & CEO) bought 135,870 shares at $3.69 on 2025-08-05

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 3 quarters and 8 insider purchases by 2 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $0M in the last 90 days (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected