AT&T (T) CFO Pascal Desroches gifts 704,000 shares in reported Form 4

Rhea-AI Filing Summary

AT&T Inc. Senior Executive VP and CFO Pascal Desroches reported gifting a total of 704,000 shares of AT&T common stock on February 25, 2026. The transactions were coded as bona fide gifts at a price of $0.00 per share, reflecting transfers rather than market sales.

The dispositions included 352,000 shares held directly and 352,000 shares held indirectly through a limited partnership in which Desroches and his wife are the sole limited partners and managers of the general partner. After these gifts, he continued to hold shares directly and indirectly, including positions in a 401(k) plan and a benefit plan.

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^*

Desroches Pascal

(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)
	Sr. Exec VP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		G		352,000	D	$0	635,532	D
Common Stock	02/25/2026		G		352,000	A	$0	352,000	I	By LP(1)
Common Stock								7,080.6921(2)	I	By 401(k)
Common Stock								142,762.5071	I	By Benefit Plan

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. The reporting person and his wife are the sole limited partners, and the sole members and managers of the general partner, of this limited partnership.

2. Based on a 401(k) plan statement dated 1/31/2026.

	/s/ Johnell C. Holland, Attorney-in-fact	02/27/2026
	** 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) CFO Pascal Desroches report?

Pascal Desroches reported bona fide gifts of AT&T common stock. On February 25, 2026, he gifted 352,000 directly held shares and 352,000 indirectly held shares through a limited partnership, for a total of 704,000 shares transferred without any price paid per share.

Was the AT&T (T) CFO’s Form 4 transaction a stock sale or a gift?

The Form 4 reports bona fide gifts, not stock sales. Both reportable transactions are coded “G” for gifts at $0.00 per share, indicating transfers of ownership rather than open-market selling activity, including one gift from a limited partnership associated with Desroches and his wife.

How many AT&T (T) shares did Pascal Desroches gift on February 25, 2026?

He gifted a combined 704,000 AT&T common shares. This consists of 352,000 directly held shares and 352,000 indirectly held shares through a limited partnership, all reported as bona fide gifts with no price per share listed in the filing data.

What indirect AT&T (T) holdings does Pascal Desroches report after the gifts?

Desroches reports indirect holdings through multiple plans and entities. Following the transactions, he lists shares held by a limited partnership, a 401(k) plan with 7,080.6921 shares, and a benefit plan with 142,762.5071 shares, reflecting continued indirect ownership positions alongside his remaining direct shares.

How is the limited partnership related to AT&T (T) CFO Pascal Desroches?

The limited partnership is closely tied to Desroches and his wife. Footnotes state they are the sole limited partners and the sole members and managers of the general partner, meaning the reported indirect gift of 352,000 shares is made through an entity they control together.

Does the AT&T (T) Form 4 disclose Desroches’ retirement or employment changes?

The Form 4 focuses solely on stock ownership changes. It reports bona fide gifts and updated holdings across direct ownership, a limited partnership, a 401(k) plan, and a benefit plan, without mentioning any changes to Desroches’ role as Senior Executive VP and CFO.