AT&T (T) executive moves 34,376 common shares into joint trust

Rhea-AI Filing Summary

AT&T Inc. executive Lori M. Lee, Global Marketing Officer and SEVP International, reported an internal change in how some of her AT&T common stock is held. On January 20, 2026, she moved 34,376 shares of common stock from direct ownership to indirect ownership through a joint trust, at a reported price of $0 per share, leaving no directly held shares from this block and 127,800 shares held indirectly by the joint trust.

The filing also shows additional indirect holdings of AT&T common stock, including 13,778.2892 shares through a 401(k) plan (based on a statement dated November 30, 2025), 11,077.442 shares through a benefit plan, and 391,151 shares held by a 2024 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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
01/20/2026

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	01/20/2026		G		34,376	D	$0	0	D
Common Stock	01/20/2026		G		34,376	A	$0	127,800	I	By Joint Trust
Common Stock								13,778.2892(1)	I	By 401(k)
Common Stock								11,077.442	I	By Benefit Plan
Common Stock								391,151	I	By 2024 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. Based on a 401(k) plan statement dated 11/30/2025.

	/s/ Johnell C. Holland, Attorney-in-fact	01/22/2026
	** 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 insider transaction did AT&T (T) report for Lori M. Lee on January 20, 2026?

On January 20, 2026, Global Marketing Officer and SEVP International Lori M. Lee reported moving 34,376 shares of AT&T common stock from direct ownership to a joint trust, recorded at $0 per share.

How many AT&T (T) shares are held by Lori M. Lee through the joint trust after the transaction?

Following the reported transaction, 127,800 shares of AT&T common stock are shown as indirectly owned by Lori M. Lee through a joint trust.

Does the AT&T (T) Form 4 show a sale of shares by Lori M. Lee?

The Form 4 lists a transaction with code G involving 34,376 shares at $0 per share, moving them from direct ownership to a joint trust; it reflects a change in the form of ownership rather than a priced market sale.

What AT&T (T) shares does Lori M. Lee hold through retirement and benefit plans?

The filing shows indirect holdings of 13,778.2892 shares of AT&T common stock through a 401(k) plan and 11,077.442 shares through a benefit plan.

How many AT&T (T) shares are reported in the 2024 trust associated with Lori M. Lee?

The Form 4 reports 391,151 shares of AT&T common stock held indirectly by a 2024 trust associated with Lori M. Lee.

What does the 401(k) footnote in the AT&T (T) Form 4 indicate?

The footnote states that the 13,778.2892 AT&T shares shown for the 401(k) are based on a 401(k) plan statement dated November 30, 2025.