AT&T Form 4: Officer reports gift; LP holds 478,668 shares

Rhea-AI Filing Summary

AT&T Inc. (T): Form 4 insider transaction reported. The company’s Sr. Exec. VP and General Counsel reported a Code G (gift) transaction on 10/23/2025 tied to 143,169.6 shares shown under indirect ownership by a limited partnership. The notes state this represents gifts of limited partnership interests to trusts for the benefit of the reporting person’s children and did not result in the acquisition or disposition of any AT&T shares by the partnership.

Following the reported transaction, 478,668 shares were beneficially owned indirectly by LP. Additional holdings reported include 239,857 shares (direct), 123,775 shares (indirect by trust), and 9,724.9059 shares (indirect by 401(k), based on a statement dated 8/31/2025). The transaction price is listed as $0, consistent with a gift.

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

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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^*

McAtee David R II

(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 Gen. Counsel

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2025

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	10/23/2025		G		143,169.6	D	$0	478,668(1)	I	By LP(2)
Common Stock								9,724.9059(3)	I	By 401(k)
Common Stock								239,857	D
Common Stock								123,775	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents gifts of limited partnership interests to trusts for the benefit of the reporting person's children. The transaction did not result in the acquisition or disposition of any AT&T shares by the partnership.

2. The reported securities are held by a limited partnership of which the reporting person and his wife are the managers of the general partner. The reporting person and his wife are also limited partners of the partnership. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

3. Based on a 401(k) plan statement dated 8/31/2025.

	/s/ Johnell C. Holland, Attorney-in-fact	10/23/2025
	** 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) disclose in this Form 4?

An officer reported a Code G (gift) transaction on 10/23/2025 tied to 143,169.6 shares under an LP interest, with no AT&T shares moved by the partnership.

What does the Form 4 say about the gifted amount?

It represents gifts of limited partnership interests to trusts for the reporting person’s children; it did not cause the partnership to acquire or dispose of AT&T shares.

How many shares were indirectly owned by the LP after the transaction?

Beneficial ownership following the transaction was 478,668 shares indirectly by LP.

What are the officer’s other reported holdings after the transaction?

239,857 shares direct, 123,775 shares indirect by trust, and 9,724.9059 shares indirect by 401(k) (based on an 8/31/2025 plan statement).

What is the transaction price reported for the gift?

The price is listed as $0, consistent with a gift (Code G).

Who is the reporting person’s role at AT&T (T)?

The reporting person is an officer: Sr. Exec. VP and General Counsel.