AT&T INC. — Director's Dealing 2023

Jan 19, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2023-01-13

Reporting Person: Smith Kenny Kellyn (Chief Marketing & Growth Ofcr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-13	Common Stock	M	8474	—	Acquired	111644	Direct
2023-01-13	Common Stock	F	2394	$19.55	Disposed	109250	Direct
2023-01-13	Common Stock	M	1232	—	Acquired	110482	Direct
2023-01-13	Common Stock	F	299	$19.55	Disposed	110183	Direct
2023-01-13	Common Stock	M	11806	—	Acquired	121989	Direct
2023-01-13	Common Stock	F	2875	$19.55	Disposed	119114	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-13	Restricted Stock Units (2021)	$	M	8474	Disposed		Common Stock (8474)	Direct
2023-01-13	Restricted Stock Units (2022)	$	M	1232	Disposed		Common Stock (1232)	Direct
2023-01-13	Restricted Stock Units (2022)	$	M	11806	Disposed		Common Stock (11806)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1109.2009	Indirect
Common Stock	8503.9224	Indirect

Footnotes

F1: 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 units vest and distribute on each 1/15/2023 and 1/15/2024. Vesting (but not distribution) is accelerated on retirement eligibility.

F2: Mandatory tax withholding on distribution of Restricted Stock Units.

F3: 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 1/15/2023, 1/15/2024 and 1/15/2025. Vesting (but not distribution) is accelerated on retirement eligibility.

F4: Based on a 401(k) plan statement dated 11/30/2022.