AT&T (NYSE: T) director receives new deferred stock unit grant

Rhea-AI Filing Summary

AT&T Inc. director Luis A. Ubiñas acquired 658.6998 deferred stock units on January 30, 2026 at a reference price of $26.21 per unit under the AT&T Non-Employee Director Stock and Deferral Plan. Following this grant, he indirectly holds 62,873.1921 deferred stock units through a benefit plan.

Each deferred stock unit will be settled in cash after he ceases to be a director, with the cash amount equal to the value of one share of AT&T common stock at payout, based on timing elections he has made.

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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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^*

Ubinas Luis A

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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

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
Deferred Stock Units	(1)	01/30/2026		A		658.6998		(1)	(1)	Common Stock	658.6998	$26.21	62,873.1921	I	By Benefit Plan

Explanation of Responses:

1. Deferred stock units acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan. After the reporting person ceases to be a director, each unit is paid out in cash equal to the value of one share of AT&T common stock at times elected by the director.

	/s/ Johnell C. Holland, Attorney-in-fact	02/03/2026
	** 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) director Luis A. Ubiñas report?

Luis A. Ubiñas reported receiving 658.6998 deferred stock units on January 30, 2026. These units were granted under AT&T’s Non-Employee Director Stock and Deferral Plan at a reference price of $26.21 per unit and increase his indirect holdings under the plan.

How many AT&T deferred stock units does Luis A. Ubiñas hold after this Form 4?

After the January 30, 2026 grant, Luis A. Ubiñas indirectly holds 62,873.1921 deferred stock units. These units are held through a benefit plan and represent cash-settled rights linked to the value of AT&T common stock rather than actual share ownership.

What are AT&T deferred stock units under the Non-Employee Director Stock and Deferral Plan?

AT&T deferred stock units are bookkeeping entries granted to directors that track the value of AT&T common stock. After the director leaves the board, each unit is paid in cash equal to one share’s value, at payout times previously elected by the director.

How and when will Luis A. Ubiñas’s AT&T deferred stock units be paid out?

The deferred stock units will be paid in cash after Luis A. Ubiñas ceases to be an AT&T director. Each unit pays an amount equal to the value of one AT&T common share, according to payout timing elections he made under the director deferral plan.

Is Luis A. Ubiñas’s AT&T Form 4 transaction direct or indirect ownership?

The reported holdings are classified as indirect ownership, noted as “By Benefit Plan.” This means the 62,873.1921 deferred stock units are held through AT&T’s Non-Employee Director Stock and Deferral Plan rather than as directly owned shares of common stock.

What transaction code appears on Luis A. Ubiñas’s AT&T Form 4?

The transaction is coded “A,” indicating an acquisition of derivative securities. Specifically, he received 658.6998 deferred stock units on January 30, 2026, under AT&T’s Non-Employee Director Stock and Deferral Plan at a reference price of $26.21 per unit.