AT&T (NYSE: T) COO adds stock through benefit plan and 401(k)

Rhea-AI Filing Summary

AT&T Inc. Chief Operating Officer Jeffery S. McElfresh reported acquiring 2,105.433 shares of common stock on January 30, 2026 at a price of $26.21 per share through a benefit plan. These are deferred stock units bought via automatic payroll deductions with partial company matching and are settled in stock on a 1-for-1 basis.

After this transaction, he beneficially owned 172,856.47 shares indirectly through the benefit plan, 8,854.1399 shares indirectly through a 401(k) account based on a statement dated December 31, 2025, and 699,273 shares directly.

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^*

McElfresh Jeffery S.

(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)
	Chief Operating Officer

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
Common Stock	01/30/2026		A(1)		2,105.433	A	$26.21	172,856.47	I	By Benefit Plan
Common Stock								8,854.1399(2)	I	By 401(k)
Common Stock								699,273	D

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 12/31/2025.

	/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 did AT&T (T) COO Jeffery McElfresh report in this Form 4 filing?

AT&T COO Jeffery McElfresh reported acquiring 2,105.433 shares of common stock at $26.21 per share through a benefit plan. The filing also lists his indirect holdings via a benefit plan and 401(k), plus a large block of directly held shares.

How many AT&T (T) shares did the COO acquire and at what price?

He acquired 2,105.433 AT&T common shares at $26.21 per share on January 30, 2026. These are deferred stock units bought with payroll deductions and partial company matching, to be settled in stock on a 1-for-1 basis.

What are Jeffery McElfresh’s indirect AT&T (T) share holdings after the transaction?

After the transaction, he indirectly held 172,856.47 AT&T shares through a benefit plan and 8,854.1399 shares through a 401(k). The 401(k) balance is based on a plan statement dated December 31, 2025, as noted in the filing.

How many AT&T (T) shares does the COO hold directly according to this Form 4?

According to the Form 4, Jeffery McElfresh directly held 699,273 shares of AT&T common stock. This direct position is listed separately from his indirect holdings through the company benefit plan and 401(k) retirement plan.

What does the filing say about AT&T deferred stock units purchased by the COO?

The filing states the reported units represent deferred stock units purchased with automatic payroll deductions and partial company matching contributions. It also notes that these deferred stock units are settled only in AT&T stock on a 1-for-1 basis when distributed.