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: Gillespie Edward W (SrEVP-Ext & Legal Affairs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-13	Common Stock	M	7062	—	Acquired	10703	Direct
2023-01-13	Common Stock	F	2480	$19.55	Disposed	8223	Direct
2023-01-13	Common Stock	M	14756	—	Acquired	22979	Direct
2023-01-13	Common Stock	F	4427	$19.55	Disposed	18552	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-13	Restricted Stock Units (2021)	$	M	7062	Disposed		Common Stock (7062)	Direct
2023-01-13	Restricted Stock Units (2022)	$	M	14756	Disposed		Common Stock (14756)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2403.4116	Indirect
Common Stock	29805.2177	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 vests and distributes on each of 1/15/2023 and 1/15/2024. 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 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.

F5: Based on a 401(k) plan statement dated 11/30/2022.