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AT&T INC. Director's Dealing 2025

Dec 2, 2025

29786_dirs_2025-12-02_a6823d43-de08-4f7d-8d3d-e8ceaef6a397.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Arroyo F. Thaddeus (Chief Strategy & Dev Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-11-28 Common Stock A 830.132 $26.02 Acquired 8280.642 Indirect
2025-11-28 Common Stock M 1271 Acquired 381233 Direct
2025-11-28 Common Stock F 1271 $26.02 Disposed 379962 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-11-28 Restricted Stock Units (2025) $ M 1271 Disposed Common Stock (1271) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3111.4453 Indirect

Footnotes

F1: Represents deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching contributions. Deferred stock units are settled only in stock on a 1-for-1 basis.

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 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.

F3: Mandatory tax withholding on vested restricted stock units.

F4: Based on a 401(k) plan statement dated 10/31/2025.