AT&T (NYSE: T) CFO reports common stock and RSU transactions

Rhea-AI Filing Summary

AT&T Inc. senior executive vice president and CFO reported multiple stock transactions and updated holdings. On 11/28/2025, the officer acquired 1,721.432 shares of common stock through a benefit plan at $26.02 per share, reflecting deferred stock units purchased via payroll deductions and company matching. The officer also converted 3,299 restricted stock units into common stock, with an equal 3,299-share sale for mandatory tax withholding at $26.02 per share. After these moves, the officer holds 137,937.75 shares indirectly through a benefit plan, 850,723 shares directly, and 6,781.7544 shares indirectly in a 401(k), plus 85,169 restricted stock units that will settle into common stock over future vesting dates.

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)
11/28/2025

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	11/28/2025		A(1)		1,721.432	A	$26.02	137,937.75	I	By Benefit Plan
Common Stock	11/28/2025		M		3,299	A	(2)	850,723	D
Common Stock	11/28/2025		F(3)		3,299	D	$26.02	847,424	D
Common Stock								6,781.7544(4)	I	By 401(k)

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 (2025)	(2)	11/28/2025		M			3,299	(2)	(2)	Common Stock	3,299	(2)	85,169	D

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. 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 2/15/2026, 2/15/2027, and 2/15/2028. Vesting (but not distribution) is accelerated on retirement eligibility.

3. Mandatory tax withholding on vested restricted stock units.

4. Based on a 401(k) plan statement dated 10/31/2025.

	/s/ Johnell C. Holland, Attorney-in-fact	12/02/2025
	** 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).
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FAQ

What insider transaction did AT&T (T) report for its CFO on 11/28/2025?

The AT&T senior executive vice president and CFO reported several equity transactions on 11/28/2025, including acquiring shares via a benefit plan, converting restricted stock units into common stock, and a sale of shares to cover tax withholding.

How many AT&T (T) shares did the CFO acquire through the benefit plan?

The officer acquired 1,721.432 shares of AT&T common stock through a benefit plan at a price of $26.02 per share, representing deferred stock units purchased with payroll deductions and partial company matching.

What happened to the 3,299 AT&T (T) restricted stock units reported in this Form 4?

The filing shows 3,299 restricted stock units were converted into AT&T common stock, and 3,299 shares were disposed of at $26.02 per share for mandatory tax withholding on the vested units.

How many AT&T (T) shares does the CFO beneficially own after these transactions?

After the reported transactions, the officer beneficially owns 850,723 shares directly, 137,937.75 shares indirectly through a benefit plan, and 6,781.7544 shares indirectly through a 401(k) plan.

What AT&T (T) derivative holdings does the CFO report after these transactions?

The officer reports holding 85,169 restricted stock units following the transactions. Each unit is scheduled to convert into one share of AT&T common stock according to the plan’s vesting schedule.

How do the AT&T (T) restricted stock units for the CFO vest and distribute?

The restricted stock units acquired under the 2018 Incentive Plan convert into common stock on a one-for-one basis, with one-third of the units vesting and distributing on 2/15/2026, 2/15/2027, and 2/15/2028, and vesting accelerated on retirement eligibility.