Form 4: T-Mobile Executive Deeanne King Executes Stock Options and Sells Shares Under 10b5-1 Plan

Deeanne King, EVP & Chief People Officer at T-Mobile US, Inc., exercised stock options and sold shares of common stock on August 8, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 8, 2024, Deeanne King, the EVP & Chief People Officer of T-Mobile US, Inc., executed stock options to acquire 1,142 shares at $79.67 and 393 shares at $85.91.
• King then sold 15,437 shares of T-Mobile common stock at $190 per share.
• These transactions were conducted under a Rule 10b5-1 trading plan adopted on May 7, 2024.
• Following these transactions, King beneficially owns 35,588 shares of T-Mobile common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. The use of Rule 10b5-1 plans allows insiders to sell shares over a period of time, avoiding concerns about trading on material non-public information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some investors, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
• The transactions have a minimal impact on the company's operations or financial condition.

Key Dates