AT&T INC. — Director's Dealing 2025

Oct 2, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2025-09-30

Reporting Person: McElfresh Jeffery S. (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-09-30	Common Stock	A	619.688	$28.24	Acquired	166796.753	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8747.4561	Indirect
Common Stock	557461	Direct

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: Based on a 401(k) plan statement dated 8/31/2025.