AT&T INC. — Director's Dealing 2026

Jan 20, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2026-01-15

Reporting Person: Lee Lori M (Global Mktg Ofr & SEVP Intl)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-15	Common Stock	M	20559	—	Acquired	20559	Direct
2026-01-15	Common Stock	F	4523	$23.61	Disposed	16036	Direct
2026-01-15	Common Stock	M	23932	—	Acquired	39968	Direct
2026-01-15	Common Stock	F	5592	$23.61	Disposed	34376	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-15	Restricted Stock Units (2023)	$	M	20559	Disposed		Common Stock (20559)	Direct
2026-01-15	Restricted Stock Units (2024)	$	M	23932	Disposed		Common Stock (23932)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13778.2892	Indirect
Common Stock	11077.442	Indirect
Common Stock	391151	Indirect
Common Stock	93424	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 1/15/2024, 1/15/2025, and 1/15/2026. Vesting (but not distribution) is accelerated on retirement eligibility.

F2: Mandatory tax withholding on distribution of Restricted Stock Units.

F3: 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 1/15/2025,1/15/2026, and 1/15/2027. Vesting (but not distribution) is accelerated on retirement eligibility.

F4: Based on a 401(k) plan statement dated 11/30/2025.