Form 4: T-Mobile CEO Sievert Sells $6.5 Million in Company Stock

T-Mobile US CEO G. Michael Sievert sold 40,000 shares of TMUS stock on May 13th and 14th, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• G. Michael Sievert, the President and CEO of T-Mobile US, Inc., sold 20,000 shares of common stock on May 13, 2024, at a weighted average price of $163.20.
• The shares were sold in multiple transactions with prices ranging from $162.74 to $164.52.
• Following this transaction, Sievert directly owns 458,124 shares of T-Mobile common stock.
• On May 14, 2024, Sievert sold another 20,000 shares of common stock at a weighted average price of $162.84.
• These shares were sold in multiple transactions with prices ranging from $161.74 to $164.40.
• After this second transaction, Sievert directly owns 438,124 shares of T-Mobile common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 16, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports facts without expressing any positive or negative views.

Industry Context

Insider sales are a common occurrence, and the use of a pre-arranged Rule 10b5-1 trading plan suggests the sales were planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates