Dan Hagan filed a Schedule 13G Amendment No. 1 with the SEC on November 2, 2026, disclosing beneficial ownership of 75,000,000 shares of Lumen Technologies, Inc. common stock as of September 30, 2026.

Key Highlights

  • Beneficial ownership: Dan Hagan reported ownership of 75,000,000 shares of Lumen Technologies common stock, no par value per share.
  • Percent of class: The 75,000,000 shares represent 7.3% of the issuer's common stock, calculated based on 1,031,445,404 shares outstanding as of July 31, 2026.
  • Sole voting and dispositive power: Hagan reported sole voting power and sole dispositive power over all 75,000,000 shares, with no shared voting or dispositive power.
  • Voting restriction: Under a March 26, 2026 letter agreement with Lumen, Hagan must vote 20,000,000 shares acquired after that date in accordance with the board's recommendations on specified matters, including director elections, auditor ratification, executive compensation votes, and equity incentive plan share increases.
  • Voting arrangement expiration: According to the filing, the voting arrangement expires upon the expiration of the issuer's NOL rights plan.
  • Triggering event date: The date of the event requiring this filing was September 30, 2026.

Dan Hagan's Amended Schedule 13G Filing on Lumen Technologies Ownership

Dan Hagan, a United States citizen with a listed address in Columbia, Missouri, filed Amendment No. 1 to a Schedule 13G disclosing beneficial ownership of 75,000,000 shares of Lumen Technologies, Inc. (NASDAQ:LUMN) common stock. The filing identifies Hagan as an individual reporting person (type "IN") and states that the shares were not acquired or held for the purpose of changing or influencing control of the issuer, consistent with the certification language required under applicable SEC rules.

According to the filing, Hagan holds sole voting power and sole dispositive power over all 75,000,000 shares, with zero shares subject to shared voting or shared dispositive arrangements. The 7.3% ownership figure is based on 1,031,445,404 shares of Lumen common stock issued and outstanding as of July 31, 2026, as reported in Lumen's Quarterly Report on Form 10-Q filed with the SEC on August 4, 2026.

The filing also discloses a March 26, 2026 letter agreement between Hagan and Lumen Technologies under which Hagan is required to vote, or cause to be voted, 20,000,000 of the reported shares in accordance with recommendations of the issuer's board of directors or a committee thereof. The covered matters include the election of directors, appointment or ratification of independent auditors and related auditor fees, advisory votes on executive compensation and the frequency of such votes, any increase in shares authorized under the issuer's equity incentive plans, and "certain other routine corporate governance matters," according to the filing. This arrangement is set to expire when Lumen's NOL rights plan expires.

What Was Disclosed

Dan Hagan filed an amended Schedule 13G reporting beneficial ownership of 75,000,000 shares of Lumen Technologies common stock, representing 7.3% of the class, and disclosing a board-directed voting requirement covering 20,000,000 of those shares under a March 2026 agreement.