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: Smith Kenny Kellyn (Chief Marketing & Growth Ofcr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-15	Common Stock	M	9167	—	Acquired	198622	Direct
2026-01-15	Common Stock	F	2560	$23.61	Disposed	196062	Direct
2026-01-15	Common Stock	M	14067	—	Acquired	210129	Direct
2026-01-15	Common Stock	F	3426	$23.61	Disposed	206703	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-15	Restricted Stock Units (2023)	$	M	9167	Disposed		Common Stock (9167)	Direct
2026-01-15	Restricted Stock Units (2024)	$	M	14067	Disposed		Common Stock (14067)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4936.7745	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.