TMUS: Deutsche Telekom Sells 209,520 Shares, Retains 648M Stake

Q: How many T-Mobile US (TMUS) shares did Deutsche Telekom sell?

The Form 4 reports 209,520 TMUS common shares sold between 26-30 June 2025.

Q: What price range were the TMUS shares sold at?

Weighted-average prices ranged from $229.01 to $238.33 per share, as detailed in the footnotes.

Q: Does Deutsche Telekom still control T-Mobile US after this sale?

Yes. After the transactions DT still owns 647,940,204 shares, retaining its status as a >10% owner and controlling shareholder.

Q: Were the sales part of a pre-planned program?

Yes. The filing states the trades were executed under a Rule 10b5-1 trading plan adopted on 13 March 2025.

Q: Is this insider selling likely to impact TMUS鈥檚 share price?

Given the small fraction of total shares outstanding (<0.02 %), the sale is unlikely to be materially price-moving on its own.

[Form 4] T-Mobile US, Inc. Insider Trading Activity

Filing Impact

(High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Form 4 overview 鈥� Deutsche Telekom AG & affiliates sell 0.03% of their T-Mobile US (TMUS) stake

On 26-30 June 2025, Deutsche Telekom AG (DT) and four wholly-owned subsidiaries, all classified as 10% owners and directors-by-deputization of T-Mobile US, filed a Form 4 detailing open-market sales executed under a Rule 10b5-1 trading plan adopted 13 March 2025. A total of 209,520 TMUS common shares were sold across three trading days at weighted-average prices between $229.01 and $238.33.

Daily volumes: 69,840 shares on 26 Jun; 69,840 shares on 27 Jun; 69,840 shares on 30 Jun.
Total estimated proceeds: 鈮� $49 million based on the individual weighted-average prices disclosed in the footnotes.
Post-sale ownership: 647,940,204 common shares remain, versus 648,149,724 before the first sale鈥攁n ownership reduction of roughly 0.03 percentage points.

No derivative securities were reported. DT expressly disclaims beneficial ownership except to the extent of its pecuniary interest and notes its continued board representation. The filing is routine for a controlling shareholder gradually monetising a small fraction of its position while maintaining an overwhelming 51%+ stake.

Investor take-away: The sale is modest relative to DT鈥檚 holding and appears pre-scheduled, limiting negative signalling. However, continuing periodic divestitures could contribute to a medium-term supply overhang for TMUS shares.

韽� 4 臧滌殧鈥� 霃勳澊旃� 韰旊爤旖� AG 氚� 瓿勳棿靷�, T-Mobile US (TMUS) 歆€攵� 0.03% 毵る弰

2025雲� 6鞗� 26鞚茧秬韯� 30鞚缄箤歆€ 霃勳澊旃� 韰旊爤旖� AG(DT)鞕€ 4臧滌潣鞝勳暋於滌瀽鞛愴殞靷姅氇憪 T-Mobile US鞚� 10% 鞚挫儊歆€攵� 氤挫湢鞛� 氚� 雽€毽� 鞚挫偓搿� 攵勲霅橂┌, 2025雲� 3鞗� 13鞚� 毂勴儩霅� Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半ジ瓿店皽鞁滌灔毵る弰毳� 靸侅劯頌� 氤搓碃頃橂姅韽� 4毳� 鞝滌稖頄堨姷雼堧嫟. 齑� 209,520欤� TMUS 氤错喌欤�臧€ 靹� 瓯半灅鞚检棎瓯胳硱臧€欷戫弶攴� 臧€瓴� $229.01鞐愳劀 $238.33 靷澊鞐� 毵る弰霅橃棃鞀惦媹雼�.

鞚茧硠瓯半灅霟�: 6鞗� 26鞚� 69,840欤�; 6鞗� 27鞚� 69,840欤�; 6鞗� 30鞚� 69,840欤�.
齑� 鞓堨儊毵れ稖鞎�: 臧� 臧€欷戫弶攴� 臧€瓴╈潉旮办鞙茧 鞎� 4,900毵� 雼煬.
毵る弰頉� 氤挫湢歆€攵�: 毵る弰鞝� 648,149,724欤检棎靹� 毵る弰頉� 647,940,204欤茧 鞎� 0.03%韽澑韸� 臧愳唽.

韺岇儩歃濌秾鞚€ 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. DT電� 氇呾嫓鞝侅溂搿� 鞁れ鞝� 靻岇湢甓岇潉攵€鞚�頃橂┌ 旮堨爠鞝� 鞚挫澋氩旍渼雮挫棎靹滊 靻岇湢甓岇潉鞚胳爼頃橁碃鞚挫偓須� 雽€響滉秾鞚€ 瓿勳啀鞙犾頃滊嫟瓿� 氚濏様鞀惦媹雼�. 鞚� 鞝滌稖鞚€ 歆€氚办＜欤缄皜靻岇暋歆€攵勳潉鞝愳鞝侅溂搿� 順勱笀頇旐晿氅挫劀 51% 鞚挫儊鞚� 鞎曤弰鞝� 歆€攵勳潉鞙犾頃橂姅鞚检儊鞝侅澑鞝堨皑鞛呺媹雼�.

韴瀽鞛� 鞁滌偓鞝�: 毵る弰攴滊電� DT 氤挫湢歆€攵勳棎牍勴暣氙鸽頃橂┌ 靷爠鞐� 瓿勴殟霅� 瓴冹溂搿� 氤挫晞攵€鞝曥爜鞁犿樃電� 鞝滍暅鞝侅瀰雼堧嫟. 雼る, 歆€靻嶌爜鞚� 欤缄赴鞝� 毵る弰電� 欷戧赴鞝侅溂搿� TMUS 欤检嫕鞚� 瓿店笁瓿检瀴鞖旍澑鞚� 霅� 靾� 鞛堨姷雼堧嫟.

Positive

Transparent 10b5-1 plan adopted 13 March 2025 reduces information-asymmetry risk.
Insignificant ownership change: only 0.03 % of DT鈥檚 holding, maintaining strategic control.

Negative

Continued insider selling by controlling shareholder creates a modest supply overhang.
Approx. $49 m of stock hit the market over three days, which can weigh on near-term sentiment.

Insights

TL;DR 鈥� Controlling shareholder sold 鈮�$49 m of TMUS under 10b5-1; immaterial to ownership, mildly negative sentiment.

Context. Deutsche Telekom controls ~51% of TMUS. Periodic Form 4s have recorded similar block sales since 2023 as part of a multi-year capital-allocation strategy.

Materiality. 209,520 shares represent only 0.03 % of DT鈥檚 stake and <0.02 % of TMUS鈥檚 1.2 bn shares outstanding; the transaction is therefore not financially material to TMUS.

Signal. Because the trades were executed under a pre-planned 10b5-1 program, informational value is limited. Still, any insider sale by a controlling holder can weigh slightly on sentiment, especially if investors anticipate a continuing drip of supply.

Valuation impact. At an average ~$233/share, the sale price is broadly in line with recent market levels and does not imply management-level concern over valuation.

TL;DR 鈥� Routine, pre-scheduled trimming; negligible dilution risk, minor overhang concern.

From a portfolio-flow perspective, the ~$49 m sale is easily absorbed given TMUS鈥檚 ~$15 bn average monthly trading volume. The remaining 648 m shares anchor DT鈥檚 strategic control, signalling no change in governance or long-term alignment. Unless DT accelerates its program, the overhang is manageable and does not alter the investment thesis centred on TMUS鈥檚 cash-flow inflection and buyback capacity.

韽� 4 臧滌殧鈥� 霃勳澊旃� 韰旊爤旖� AG 氚� 瓿勳棿靷�, T-Mobile US (TMUS) 歆€攵� 0.03% 毵る弰

鞚茧硠瓯半灅霟�: 6鞗� 26鞚� 69,840欤�; 6鞗� 27鞚� 69,840欤�; 6鞗� 30鞚� 69,840欤�.
齑� 鞓堨儊毵れ稖鞎�: 臧� 臧€欷戫弶攴� 臧€瓴╈潉旮办鞙茧 鞎� 4,900毵� 雼煬.
毵る弰頉� 氤挫湢歆€攵�: 毵る弰鞝� 648,149,724欤检棎靹� 毵る弰頉� 647,940,204欤茧 鞎� 0.03%韽澑韸� 臧愳唽.

06/30/2025 - 06:28 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DEUTSCHE TELEKOM AG

(Last)

(First)

(Middle)

FRIEDRICH-EBERT-ALLEE 140

(Street)

BONN

53113

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
T-Mobile US, Inc. [ TMUS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/26/2025		S⁽¹⁾		17,497	D	$229.5087⁽²⁾	648,132,227	D
Common Stock	06/26/2025		S⁽¹⁾		23,562	D	$230.4623⁽³⁾	648,108,665	D
Common Stock	06/26/2025		S⁽¹⁾		28,781	D	$231.4079⁽⁴⁾	648,079,884	D
Common Stock	06/27/2025		S⁽¹⁾		3,700	D	$232.2492⁽⁵⁾	648,076,184	D
Common Stock	06/27/2025		S⁽¹⁾		6,900	D	$233.4274⁽⁶⁾	648,069,284	D
Common Stock	06/27/2025		S⁽¹⁾		9,405	D	$234.5495⁽⁷⁾	648,059,879	D
Common Stock	06/27/2025		S⁽¹⁾		48,835	D	$234.5495⁽⁸⁾	648,011,044	D
Common Stock	06/27/2025		S⁽¹⁾		1,000	D	$236.056⁽⁹⁾	648,010,044	D
Common Stock	06/30/2025		S⁽¹⁾		200	D	$234.855⁽¹⁰⁾	648,009,844	D
Common Stock	06/30/2025		S⁽¹⁾		12,101	D	$236.6715⁽¹¹⁾	647,997,743	D
Common Stock	06/30/2025		S⁽¹⁾		24,571	D	$237.2166⁽¹²⁾	647,973,172	D
Common Stock	06/30/2025		S⁽¹⁾		32,968	D	$238.257⁽¹³⁾	647,940,204	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

DEUTSCHE TELEKOM AG

(Last)

(First)

(Middle)

FRIEDRICH-EBERT-ALLEE 140

(Street)

BONN

53113

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

T-Mobile Global Holding GmbH

(Last)

(First)

(Middle)

LANDGRABENWEG 151

(Street)

BONN

53227

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

T-Mobile Global Zwischenholding GmbH

(Last)

(First)

(Middle)

FRIEDRICH-EBERT-ALLEE 140

(Street)

BONN

53113

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Deutsche Telekom Holding B.V.

(Last)

(First)

(Middle)

STATIONSPLEIN 8K

(Street)

MAASTRICHT

6221 BT

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

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

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $229.01 to $229.99 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.01 to $231.00 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $231.05 to $231.47 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $231.93 to $232.91 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.94 to $233.92 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $233.94 to $234.92 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.94 to $235.86 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

9. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.95 to $236.25 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

10. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.71 to $235.00 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

11. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.86 to $236.85 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

12. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.87 to $237.85 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

13. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.01 to $238.33 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

Solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder ("Section 16"), each Reporting Person may be deemed to be a director-by-deputization by virtue of the fact that each of Timotheus Hoettges, Chief Executive Officer of DT, Dr. Christian P. Illek, Board Member for Finance of DT, Raphael Kubler, Senior Vice President of the Corporate Operating Office of DT and Managing Director of Deutsche Telekom Holding B.V., Thorsten Langheim, Board Member for USA and Group Development of DT, and Dominique Leroy, Board Member for Europe of DT, serve on the board of directors of the Issuer. In addition, Each of T-Mobile Global Zwischenholding GmbH, T-Mobile Global Holding GmbH and Deutsche Telekom Holding B.V. are wholly-owned subsidiaries of DT. 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. Deutsche Telekom disclaims beneficial ownership in any Common Stock held by Project 6 or Project 9 if such Common Stock is not subject to the Proxy Agreement.

	/s/ Christoph Appel Attorney-in-fact	06/30/2025
	/s/ Christoph Appel Attorney-in-fact	06/30/2025
	/s/ Christoph Appel Attorney-in-fact	06/30/2025
	/s/ Christoph Appel Attorney-in-fact	06/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

How many T-Mobile US (TMUS) shares did Deutsche Telekom sell?

The Form 4 reports 209,520 TMUS common shares sold between 26-30 June 2025.

What price range were the TMUS shares sold at?

Weighted-average prices ranged from $229.01 to $238.33 per share, as detailed in the footnotes.

Does Deutsche Telekom still control T-Mobile US after this sale?

Yes. After the transactions DT still owns 647,940,204 shares, retaining its status as a >10% owner and controlling shareholder.

Were the sales part of a pre-planned program?

Yes. The filing states the trades were executed under a Rule 10b5-1 trading plan adopted on 13 March 2025.

Is this insider selling likely to impact TMUS鈥檚 share price?

Given the small fraction of total shares outstanding (<0.02 %), the sale is unlikely to be materially price-moving on its own.

AG真人官方

[Form 4] T-Mobile US, Inc. Insider Trading Activity

Insights

FAQ

How many T-Mobile US (TMUS) shares did Deutsche Telekom sell?

What price range were the TMUS shares sold at?

Does Deutsche Telekom still control T-Mobile US after this sale?

Were the sales part of a pre-planned program?

Is this insider selling likely to impact TMUS鈥檚 share price?

NASDAQ:TMUS

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TMUS Latest News

TMUS Latest SEC Filings

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AG真人官方

Trending News

[Form 4] T-Mobile US, Inc. Insider Trading Activity

Insights

Securities Analyst neutral

Portfolio Manager neutral

FAQ

How many T-Mobile US (TMUS) shares did Deutsche Telekom sell?

What price range were the TMUS shares sold at?

Does Deutsche Telekom still control T-Mobile US after this sale?

Were the sales part of a pre-planned program?

Is this insider selling likely to impact TMUS鈥檚 share price?

NASDAQ:TMUS

TMUS Rankings

TMUS Latest News

TMUS Latest SEC Filings

TMUS Stock Data