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

AT&T Inc. director Stephen J. Luczo reported a compensation-related award of 1,342.0356 deferred stock units, labeled as a grant or award acquisition.

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Rhea-AI Filing Summary

AT&T Inc. director Stephen J. Luczo reported a compensation-related award of 1,342.0356 deferred stock units, labeled as a grant or award acquisition. The units were valued at $26.13 each and were acquired under the AT&T Inc. Non-Employee Director Stock and Deferral Plan.

According to the plan, each deferred stock unit is paid out in cash equal to the value of one share of AT&T common stock after he ceases to be a director, at times he previously elected. The filing also shows indirect holdings of 395,500 shares of common stock by a trust and 167,000 shares by a family trust, plus 127,711.0065 deferred stock units held through a benefit plan.

Insider Trade Summary

Grant/Award: 1,342.0356 shares

Grant/Award 3 txns

Insider LUCZO STEPHEN J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	1,342.0356	$26.13	$35K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Deferred Stock Units — 127,711.0065 contracts (Indirect, By Benefit Plan); Common Stock — 167,000 shares (Indirect, By Family Trust); Common Stock — 395,500 shares (Indirect, By Trust)

Footnotes (1)

F1. 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.

Key Figures

Deferred stock units granted: 1,342.0356 units Reference price per deferred unit: $26.13 per unit Deferred stock units after transaction: 127,711.0065 units +2 more

5 metrics

Deferred stock units granted 1,342.0356 units Grant under AT&T Inc. Non-Employee Director Stock and Deferral Plan

Reference price per deferred unit $26.13 per unit Value used for the April 30, 2026 deferred stock unit grant

Deferred stock units after transaction 127,711.0065 units Indirectly held by benefit plan following the grant

Common stock by trust 395,500 shares Indirect ownership labeled as By Trust

Common stock by family trust 167,000 shares Indirect ownership labeled as By Family Trust

Key Terms

Deferred stock units, AT&T Inc. Non-Employee Director Stock and Deferral Plan, indirect ownership

3 terms

Deferred stock units financial

"Deferred stock units acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan."

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

AT&T Inc. Non-Employee Director Stock and Deferral Plan financial

"Deferred stock units acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan."

indirect ownership financial

"total_shares_following_transaction ... direct_or_indirect: I, nature_of_ownership: By Trust / By Family Trust"

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Accepted by SEC EDGAR 05/04/2026 - 04:09 PM

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^*

LUCZO STEPHEN J

(Last)

(First)

(Middle)

208 S. AKARD

(Street)

DALLAS

TEXAS

75202

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								167,000	I	By Family Trust
Common Stock								395,500	I	By 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Stock Units	⁽¹⁾	04/30/2026		A		1,342.0356		⁽¹⁾	⁽¹⁾	Common Stock	1,342.0356	$26.13	127,711.0065	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	05/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)