AT&T INC. — Director's Dealing 2023

Feb 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2023-02-15

Reporting Person: Desroches Pascal (Sr. Exec VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-15	Common Stock	M	25920	—	Acquired	304107	Direct
2023-02-15	Common Stock	F	9590	$19.25	Disposed	294517	Direct
2023-02-15	Common Stock	M	19871	—	Acquired	314388	Direct
2023-02-15	Common Stock	F	7352	$19.25	Disposed	307036	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-15	Restricted Stock Units (2019)	$	M	25920	Disposed		Common Stock (25920)	Direct
2023-02-15	Restricted Stock Units (2020)	$	M	19871	Disposed		Common Stock (19871)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2023.9485	Indirect
Common Stock	30277.546	Indirect

Footnotes

F1: Reflects an anti-dilution adjustment made in connection with the WarnerMedia/Discovery transaction pursuant to the terms of the 2018 Incentive plan.

F2: Restricted stock units acquired pursuant to the 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. One half of the units vest and distribute on 2/15/2022 and 2/15/2023. Vesting (but not distribution) is accelerated on retirement eligibility.

F3: Mandatory tax withholding on distribution of Restricted Stock Units.

F4: 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 vest and distribute on each of 2/15/2022, 2/15/2023, and 2/15/2024. Vesting (but not distribution) is accelerated on retirement eligibility.

F5: Based on a 401(k) plan statement dated 12/30/2022.