Key Highlights

● Exchange switch: Lumen will delist from NYSE at the close October 5, 2026 and begin trading on Nasdaq at the open October 6, 2026.

● Securities affected: The move covers Lumen common stock, associated preferred stock purchase rights, and two Qwest Corporation note series (CTGG and CTHH), all keeping their existing tickers.

● Strategic rationale: CEO Kate Johnson said the switch aligns Lumen's listing with its transformation into what the company calls an enterprise networking company for artificial intelligence.

● No operational impact: Lumen said the transition will not affect operations, financial condition or SEC reporting obligations, and requires no Shareholder action.

Lumen Technologies (NYSE:LUMN) disclosed in an 8-K filed September 25 that it will voluntarily move its common stock, along with two series of Qwest Corporation notes, from the New York Stock Exchange to Nasdaq, with delisting from the NYSE effective at the close of trading October 5, 2026 and Nasdaq trading beginning at the open October 6, 2026. Chief executive Kate Johnson said the switch aligns the company's listing with what Lumen calls its transformation into an enterprise networking company for artificial intelligence.

What Is Moving, and When

The securities affected are Lumen's common stock, its associated preferred stock purchase rights, and two Qwest Corporation note series: the 6.500% Notes due 2051, trading under ticker CTGG, and the 6.750% Notes due 2052, trading under ticker CTHH. All of these will continue trading under their existing ticker symbols after the move, with LUMN, CTGG and CTHH unchanged on Nasdaq. The filing, disclosed under Item 3.01, notes that both the Lumen and Qwest Corporation boards of directors approved the transfer.

Why the Company Says It Is Moving

In the accompanying press release, Johnson said: "As we transform into an enterprise networking company for AI, we are making this transition to directly align our listing with Lumen's strategic priorities," adding that "Nasdaq is the right home for this next chapter, reflecting the technology-focused Business we are building." Lumen describes itself in the release as "the trusted network for AI," pointing to its owned fiber backbone infrastructure and cloud-native control-plane technology as the basis for services spanning metro connectivity, long-haul data transport, cloud networking, security and connectivity orchestration.

What Stays the Same

Lumen said the exchange transition will not affect the company's operations, financial condition or SEC reporting obligations, and that no action is required from shareholders as a result of the move. The filing frames this purely as a listing-venue change rather than a corporate restructuring, Merger or change in the company's underlying business.

What the Filing Does Not Say

The 8-K and press release do not specify Nasdaq's listing requirements Lumen is satisfying, nor do they mention any listing fee or cost comparison between the two exchanges that factored into the decision. They also do not address whether other outstanding Lumen or Qwest Debt securities not named in the filing will remain on their current listing venues, or whether additional securities might follow common stock and the two named note series to Nasdaq in the future.

The filing does not quantify any expected change in shareholder base, index membership, or trading Liquidity that could result from the venue switch, nor does it describe the process Nasdaq used to approve Lumen's listing application. A voluntary exchange transfer of this kind requires the departing exchange, here the NYSE, to be notified in advance and generally involves the new exchange confirming the company meets its own listing standards for share price, Market Value and corporate governance before trading can begin; the filing does not walk through that approval process in detail beyond confirming board approval on both the Lumen and Qwest Corporation sides.

The Transition Window to Track

The move takes effect over a two-day window: NYSE trading in the affected securities ends at the close October 5, 2026, and Nasdaq trading begins at the open October 6, 2026. Investors should watch for any disruption or unusual trading activity around that transition, though the company says operations and reporting will be unaffected, and for further detail on Lumen's broader AI-networking strategy that the company has cited as the rationale for aligning its listing venue with its business direction.