DoD tests AI models that make it easy to switch from vendors like Palantir
BELLEVUE, WA—Ulf Ewaldsson, President of Technology at T-Mobile US, Inc. (NASDAQ:TMUS), recently sold a substantial portion of his holdings in the company. The sale comes as T-Mobile’s stock trades near its 52-week high of $273.40, having delivered an impressive 65.56% return over the past year. According to a filing with the Securities and Exchange Commission, Ewaldsson sold 19,407 shares of T-Mobile common stock on February 21, 2025. The shares were sold at a weighted average price of $265.63, with transaction prices ranging between $263.84 and $267.60, totaling approximately $5.15 million.
Following this transaction, Ewaldsson retains ownership of 44,025 shares. The sale was executed under a pre-established Rule 10b5-1 trading plan, which Ewaldsson adopted on November 25, 2024. This plan allows company insiders to set up a predetermined schedule for selling stocks to avoid potential conflicts of interest.
In other recent news, T-Mobile US, Inc. reported impressive financial results for the fourth quarter of 2024, with earnings per share reaching $2.57, surpassing the expected $2.28. The company also exceeded revenue projections, recording $21.87 billion against the anticipated $21.37 billion. In addition to its financial achievements, T-Mobile announced a €2.75 billion senior notes offering through its subsidiary, T-Mobile USA, Inc., intended for general corporate purposes, including refinancing existing debt and potential dividends. The telecom company is also making strides in innovation with the public beta launch of T-Mobile Starlink, a satellite-based mobile network developed in partnership with Starlink, aiming to eliminate mobile dead zones. This service, currently free during the beta phase, will eventually be included in select premium rate plans. Furthermore, T-Mobile announced significant board changes, with Srini Gopalan transitioning to the role of Chief Operating Officer. Analyst firms have yet to provide new ratings following these developments, but the company’s strong earnings performance and strategic moves are likely to attract continued attention.
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