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: Desroches Pascal (Sr. Exec VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-13	Common Stock	M	20548	—	Acquired	258965	Direct
2023-01-13	Common Stock	F	4521	$19.55	Disposed	254444	Direct
2023-01-13	Common Stock	M	30441	—	Acquired	284885	Direct
2023-01-13	Common Stock	F	6698	$19.55	Disposed	278187	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-13	Restricted Stock Units (2021)	$	M	20548	Disposed		Common Stock (20548)	Direct
2023-01-13	Restricted Stock Units (2022)	$	M	30441	Disposed		Common Stock (30441)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2023.2119	Indirect
Common Stock	27948.4736	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-third of the units vest and distribute on each of 1/15/2022, 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.