Form 4: Deutsche Telekom Sells TMUS Shares Under 10b5-1 Plan

Deutsche Telekom and its subsidiaries reported the sale of over 120,000 T-Mobile US common shares in late July 2025, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Deutsche Telekom AG and its wholly-owned subsidiaries (T-Mobile Global Holding GmbH, T-Mobile Global Zwischenholding GmbH, Deutsche Telekom Holding B.V.) reported sales of T-Mobile US, Inc. (TMUS) common stock.
• The reporting persons are identified as Directors and 10% Owners of T-Mobile US, Inc.
• Transactions occurred on July 30, 2025, and July 31, 2025.
• A total of 120,380 shares were disposed of across multiple transactions.
• Sales were executed pursuant to a Rule 10b5-1 trading plan adopted on March 13, 2025.
• Weighted average sale prices ranged from $238.5757 to $242.6767 per share.
• Following these transactions, the reporting persons collectively beneficially own 646,403,724 shares of T-Mobile US common stock.
• The reporting persons disclaim beneficial ownership in the reported securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The filing reports routine, pre-scheduled insider sales by a major shareholder under a 10b5-1 plan, which is generally considered neutral as it does not reflect new discretionary decisions based on recent material non-public information.

Negatives

• Deutsche Telekom and its subsidiaries disposed of 120,380 shares of T-Mobile US common stock.
• The sales represent a reduction in the beneficial ownership stake of a significant shareholder.

Related Party Transactions

• Deutsche Telekom AG and its wholly-owned subsidiaries (T-Mobile Global Holding GmbH, T-Mobile Global Zwischenholding GmbH, Deutsche Telekom Holding B.V.) are significant shareholders and related parties to T-Mobile US, Inc. The reported share sales are transactions involving these related parties.

Stakeholder Impact

• Shareholders: The sale of shares by a major institutional shareholder, even under a pre-arranged plan, could be perceived as a slight reduction in long-term commitment, though the impact on share price is typically minimal for 10b5-1 transactions.

Key Dates

Recommendation

The filing details routine, pre-scheduled sales by a major insider under a 10b5-1 plan. These transactions do not reflect new discretionary decisions based on recent material non-public information and therefore do not provide a basis for a change in investment recommendation. The core business fundamentals of T-Mobile US remain unaffected by this disclosure.

Keywords

T-Mobile US, TMUS, Deutsche Telekom, Insider Sale, Form 4, 10b5-1, Equity Disposal, Share Sale