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

Rhea-AI Filing Summary

AT&T Inc. CEO and President John T. Stankey reported several equity-related transactions and holdings on 01/29/2026. He was granted 228,810 restricted stock units (RSUs) under the 2018 Incentive Plan, each convertible into one share of common stock, vesting in three equal installments in 2027, 2028, and 2029.

On the same date, a total of 767,250 performance shares were distributed as common stock through a benefit plan. Part of this distribution triggered mandatory tax withholding, with 301,912.875 shares withheld at $25.13 per share, and 307,123.125 shares distributed in cash after taxes. A further 158,214 shares moved from indirect benefit-plan ownership to direct ownership due to the distribution.

Stankey also reported indirect holdings of AT&T common stock through a benefit plan, a 401(k) account, a family trust, and a limited partnership, reflecting multiple vehicles through which he has exposure to AT&T shares.

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^*

STANKEY JOHN T

(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
X	Officer (give title below)		Other (specify below)
	CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

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	01/29/2026		A(1)		767,250	A	(2)	843,371.297	I	By Benefit Plan
Common Stock	01/29/2026		F(3)		301,912.875	D	$25.13	541,458.422	I	By Benefit Plan
Common Stock	01/29/2026		D(4)		307,123.125	D	$25.13	234,335.297	I	By Benefit Plan
Common Stock	01/29/2026		D(5)		158,214	D	(2)	76,121.297	I	By Benefit Plan
Common Stock								17,169.2508(6)	I	By 401(k)
Common Stock								158,214(5)	D
Common Stock								1,056,225	I	By Family Trust
Common Stock								120,000	I	By LP

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
Restricted Stock Units (2026)	(7)	01/29/2026		A		228,810		(7)	(7)	Common Stock	228,810	$0(7)	228,810	D

Explanation of Responses:

1. Total performance shares distributed.

2. Each performance share is equivalent in value to a share of common stock.

3. Mandatory tax withholding on distribution of performance shares.

4. Represents portion of the performance shares distributed in cash, after taxes.

5. Reflects transfer of 158,214 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.

6. Based on a 401(k) plan statement dated 11/30/2025.

7. 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 2/15/2027, 2/15/2028, and 2/15/2029. Vesting (but not distribution) is accelerated on retirement eligibility.

	/s/ Johnell C. Holland, Attorney-in-fact	02/02/2026
	** Signature of Reporting Person	Date
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