Form 4: Deutsche Telekom Entities Divest Over 139,000 T-Mobile US Shares Under Pre-Arranged Trading Plan

Entities affiliated with Deutsche Telekom, a major shareholder and director of T-Mobile US, Inc., sold 139,680 shares of common stock in early July 2025 through a pre-established 10b5-1 trading plan.

Summary

• Deutsche Telekom AG and its wholly-owned subsidiaries, T-Mobile Global Holding GmbH, T-Mobile Global Zwischenholding GmbH, and Deutsche Telekom Holding B.V., reported sales of T-Mobile US, Inc. common stock.
• A total of 139,680 shares were sold across multiple transactions on July 7 and July 8, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 13, 2025.
• Sales on July 7, 2025, included 41,340 shares at a weighted average price of $237.6452, 26,800 shares at $238.6489, and 1,700 shares at $239.7112.
• Sales on July 8, 2025, included 12,017 shares at a weighted average price of $234.325, 16,550 shares at $235.1348, 40,913 shares at $236.03, and 360 shares at $236.7222.
• Following these transactions, the reporting persons beneficially own 647,591,004 shares of T-Mobile US common stock.
• The reporting persons are considered directors and 10% owners of T-Mobile US, Inc. by virtue of Deutsche Telekom executives serving on the Issuer's board.

Sentiment

Score: 5

Explanation: Neutral. While it's insider selling, the execution under a 10b5-1 plan mitigates the negative signal, suggesting a pre-planned divestment rather than a reaction to adverse company news. It's a routine disclosure for large shareholders.

Positives

• The sales were conducted under a pre-arranged 10b5-1 trading plan, indicating a scheduled divestment rather than a reaction to new, negative material non-public information.

Negatives

• Significant insider selling by a major shareholder and director, Deutsche Telekom and its affiliates, totaling 139,680 shares.

Risks

• Potential market perception of insider selling, even if pre-planned, could lead to negative sentiment.
• Future divestments by a major shareholder could put downward pressure on the stock price.

Future Outlook

No forward-looking statements or guidance are provided in this document.

Management Comments

• The transactions reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted on March 13, 2025.
• 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.

Industry Context

This is an insider transaction report, not directly related to broader industry trends, but it involves a major player in the telecommunications sector (T-Mobile US) and its largest shareholder (Deutsche Telekom). Such sales by a significant owner can be watched by the market for signals about the company's valuation or future prospects within the competitive telecom landscape.

Related Party Transactions

• Sales of T-Mobile US common stock by Deutsche Telekom AG and its wholly-owned subsidiaries (T-Mobile Global Holding GmbH, T-Mobile Global Zwischenholding GmbH, and Deutsche Telekom Holding B.V.), which are significant shareholders and deemed directors of T-Mobile US.

Stakeholder Impact

• Shareholders: The sale by a major shareholder could be perceived negatively, potentially leading to short-term downward pressure on the stock price, although the 10b5-1 plan mitigates this. It indicates a reduction in the stake of a key strategic investor.

Next Steps

• The holder undertakes to provide full information regarding the number of shares sold at each separate price within the reported ranges upon written request to the issuer, any security holder, or the SEC staff.

Key Dates

Recommendation

Keywords

T-Mobile US, TMUS, Deutsche Telekom, Insider Selling, Form 4, SEC Filing, Share Sale, 10b5-1 Plan, Telecommunications, Wireless Carrier, Stock Transaction, Beneficial Ownership