Jeffery S. McElfresh - Nov 28, 2025 Form 4 Insider Report for AT&T INC. (T)

Role
Chief Operating Officer
Signature
/s/ Johnell C. Holland, Attorney-in-fact
Stock symbol
T
Transactions as of
Nov 28, 2025
Transactions value $
-$73,414
Form type
4
Date filed
12/2/2025, 04:39 PM
Previous filing
Nov 4, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
McElfresh Jeffery S. Chief Operating Officer 208 S. AKARD ST., DALLAS /s/ Johnell C. Holland, Attorney-in-fact 2025-12-02 0001734431

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction T Common Stock Award $17.5K +673 +0.4% $26.02 170K Nov 28, 2025 By Benefit Plan F1
transaction T Common Stock Options Exercise +3.49K +0.63% 561K Nov 28, 2025 Direct F2
transaction T Common Stock Tax liability -$90.9K -3.49K -0.62% $26.02 557K Nov 28, 2025 Direct F3
holding T Common Stock 8.85K Nov 28, 2025 By 401(k) F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction T Restricted Stock Units (2025) Options Exercise -3.49K -3.73% 90.2K Nov 28, 2025 Common Stock 3.49K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 Mandatory tax withholding on vested restricted stock units.
F4 Based on a 401(k) plan statement dated 10/31/2025.