AT&T INC. — Director's Dealing 2022

Feb 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2022-01-27

Reporting Person: McAtee David R II (Sr. Exec. VP and Gen. Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-27	Common Stock	A	112275	—	Acquired	207779.7871	Indirect
2022-01-27	Common Stock	F	41541.75	$24.12	Disposed	166238.0371	Indirect
2022-01-27	Common Stock	D	46684.25	$24.12	Disposed	119553.7871	Indirect
2022-01-27	Common Stock	D	24049	—	Disposed	95504.7871	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-27	Restricted Stock Units (2022)	$	A	70999	Acquired		Common Stock (70999)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	269477	Direct
Common Stock	5064.5578	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 24,049 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.

F6: Based on a 401(k) plan statement dated as of 12/31/2021.

F7: Restricted stock units acquired pursuant to the 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. One-third of the units vests and distributes on each of 1/15/2023, 1/15/2024, and 1/15/2025. Vesting (but not distribution) is accelerated on retirement eligibility.