AT&T INC. — Director's Dealing 2022

May 4, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2022-04-29

Reporting Person: YANG GEOFFREY Y (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-29	Common Stock	A	618	$18.86	Acquired	19982	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	101220	Indirect
Common Stock	77011	Indirect
Common Stock	29815	Indirect
Common Stock	33558	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Deferred Stock Units	$		Common Stock (40857.2959)	40857.2959	Indirect

Footnotes

F1: Acquisition of shares at fair market value in lieu of retainer fees pursuant to the AT&T Inc. Non-Employee Director Stock Purchase Plan.

F2: Shares owned by a family limited partnership of which the reporting person and his spouse are the general partners and of which the Yang Family Trust UDT 4/11/94 is the sole limited partner.

F3: Shares owned by a limited partnership; the general partner is the reporting person's daughter and the three limited partners of the LP are trusts. The reporting person disclaims beneficial ownership of the AT&T Inc. common stock held by the LP except to the extent of his pecuniary interest therein.

F4: Deferred stock units acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan. After the reporting person ceases to be a director, each unit is paid out in cash equal to the value of one share of AT&T common stock at times elected by the director.