AT&T (T) CFO reports new stock and plan holdings in insider filing

Rhea-AI Filing Summary

AT&T Inc. senior executive vice president and CFO reported routine acquisitions of company stock-related holdings. On 12/31/2025, the reporting person acquired 1,803.208 shares of AT&T common stock at $24.84 per share through a benefit plan, bringing the total indirectly held through that plan to 139,740.958 shares.

The filing also reports 6,781.7544 shares of AT&T common stock held indirectly through a 401(k) plan, based on a statement dated 10/31/2025, and 847,424 shares held directly. An explanation notes that the indirect benefit-plan holdings represent deferred stock units purchased with automatic payroll deductions and partial company matching contributions, settled in stock on a 1-for-1 basis.

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)
12/31/2025

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	12/31/2025		A(1)		1,803.208	A	$24.84	139,740.958	I	By Benefit Plan
Common Stock								6,781.7544(2)	I	By 401(k)
Common Stock								847,424	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 10/31/2025.

	/s/ Johnell C. Holland, Attorney-in-fact	01/05/2026
	** 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.
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FAQ

What insider transaction did AT&T (T) disclose in this Form 4?

The filing shows AT&T Inc.'s senior executive vice president and CFO acquired 1,803.208 shares of AT&T common stock on 12/31/2025 through a benefit plan at a price of $24.84 per share.

How many AT&T (T) shares does the reporting person hold after this transaction?

After the reported transaction, the filing shows 139,740.958 shares held indirectly via a benefit plan, 6,781.7544 shares held indirectly through a 401(k) plan, and 847,424 shares held directly.

What is the nature of the benefit plan holdings reported for AT&T (T)?

The explanation states that the benefit-plan position represents deferred stock units purchased with automatic payroll deductions and partial company matching contributions, which are settled only in AT&T stock on a 1-for-1 basis.

What does the Form 4 say about the AT&T (T) 401(k) holdings?

The filing lists 6,781.7544 shares of AT&T common stock held indirectly through a 401(k) plan, based on a plan statement dated 10/31/2025.

Who is the reporting person in this AT&T (T) Form 4 and what is their role?

The reporting person is identified as an officer of AT&T Inc., serving as Senior Executive Vice President and Chief Financial Officer (CFO), and the form is filed for one reporting person.

Are the AT&T (T) deferred stock units reported as options or other derivatives?

The deferred stock units are described in the explanation as being settled only in stock on a 1-for-1 basis. No derivative securities are listed in Table II of the filing excerpt.