AT&T INC. — Director's Dealing 2025

Dec 2, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2025-11-28

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
2025-11-28	Common Stock	M	2717	—	Acquired	242574	Direct
2025-11-28	Common Stock	F	2717	$26.02	Disposed	239857	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-28	Restricted Stock Units (2025)	$	M	2717	Disposed		Common Stock (2717)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9841.8828	Indirect
Common Stock	478668	Indirect
Common Stock	123775	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-third of the units vests and distributes on each of 2/15/2026, 2/15/2027, and 2/15/2028. Vesting (but not distribution) is accelerated on retirement eligibility.

F2: Mandatory tax withholding on vested restricted stock units.

F3: Based on a 401(k) plan statement dated 10/31/2025.