AT&T INC. — Director's Dealing 2021

Feb 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2021-01-28

Reporting Person: STEPHENS JOHN JOSEPH (Sr. Exec. VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-28	Common Stock	A	171305.9	—	Acquired	431901.2196	Indirect
2021-01-28	Common Stock	F	63383.183	$28.80	Disposed	368518.0366	Indirect
2021-01-28	Common Stock	D	71229.717	$28.80	Disposed	297288.3196	Indirect
2021-01-28	Common Stock	D	36693	—	Disposed	260595.3196	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7435.9367	Indirect
Common Stock	620559	Direct
Common Stock	163302	Indirect

Footnotes

F1: Total performance shares distributed.

F2: Each performance share is equivalent in value to a share of common stock.

F3: Mandatory tax withholding on distribution of performance shares.

F4: Represents portion of the performance shares distributed in cash, after taxes.

F5: Reflects transfer of 36,693 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.