[Form 4] AT&T INC. Insider Trading Activity

Rhea-AI Filing Summary

AT&T (T) reported an insider transaction by its Global Marketing Officer & SEVP International. On 10/31/2025, the officer acquired 474.576 deferred stock units at $24.75 per unit through automatic payroll deductions with partial company matching. These units settle in stock on a 1‑for‑1 basis.

Following the transaction, indirect holdings included 10,369.234 shares by a benefit plan, 13,618.087 shares by a 401(k) plan (based on a statement dated 9/30/2025), 391,151 shares by a 2024 Trust, and 93,424 shares by a Joint Trust.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lee Lori M

(Last) (First) (Middle)

208 S. AKARD ST.

(Street)

DALLAS TX 75202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AT&T INC. [ T ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Global Mktg Ofr & SEVP Intl

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/31/2025		A(1)		474.576	A	$24.75	10,369.234	I	By Benefit Plan
Common Stock								13,618.087(2)	I	By 401(k)
Common Stock								391,151	I	By 2024 Trust
Common Stock								93,424	I	By Joint Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. Based on a 401(k) plan statement dated 9/30/2025.

	/s/ Johnell C. Holland, Attorney-in-fact	11/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did AT&T (T) disclose in this Form 4?

An officer acquired 474.576 deferred stock units at $24.75 on 10/31/2025 via payroll deductions with partial company matching.

Who is the reporting person in AT&T’s filing?

An AT&T Officer, titled Global Marketing Officer & SEVP International.

How are the acquired units settled?

Deferred stock units are settled only in stock on a 1‑for‑1 basis.

What are the officer’s indirect holdings by benefit plan after the transaction?

Beneficial ownership included 10,369.234 shares by a benefit plan.

How many shares are in the officer’s 401(k) plan?

13,618.087 shares, based on a 9/30/2025 plan statement.

What other indirect holdings were reported?

391,151 shares by a 2024 Trust and 93,424 shares by a Joint Trust.

Was this trade under a Rule 10b5-1 plan?

The form provides a checkbox for Rule 10b5‑1(c); the transaction reflects plan purchases with company matching.