Pascal Desroches - 13 Jan 2023 Form 4 Insider Report for AT&T INC. (T)

Role: Sr. Exec VP and CFO
Signature: /s/ Johnell C. Holland, Attorney-in-fact
Issuer symbol: T
Transactions as of: 13 Jan 2023
Net transactions value: -$219,331
Form type: 4
Filing time: 18 Jan 2023, 18:23:24 UTC
Previous filing: 04 Jan 2023
Next filing: 30 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	T	Common Stock	Options Exercise		+20,548	+8.6%		258,965	13 Jan 2023	Direct	F1, F2
transaction	T	Common Stock	Tax liability	$88,386	-4,521	-1.7%	$19.55	254,444	13 Jan 2023	Direct	F1, F3
transaction	T	Common Stock	Options Exercise		+30,441	+12%		284,885	13 Jan 2023	Direct	F1, F4
transaction	T	Common Stock	Tax liability	$130,946	-6,698	-2.4%	$19.55	278,187	13 Jan 2023	Direct	F1, F3
holding	T	Common Stock						2,023	13 Jan 2023	By 401(k)	F5
holding	T	Common Stock						27,948	13 Jan 2023	By Benefit Plan

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 (2021)	Options Exercise		-20,548	-50%		20,547	13 Jan 2023	Common Stock	20,548		Direct	F1, F2
transaction	T	Restricted Stock Units (2022)	Options Exercise		-30,441	-33%		60,882	13 Jan 2023	Common Stock	30,441		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects an anti-dilution adjustment made in connection with the WarnerMedia/Discovery transaction pursuant to the terms of the 2018 Incentive plan.
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 vest and distribute on each of 1/15/2022, 1/15/2023 and 1/15/2024, Vesting (but not distribution) is accelerated on retirement eligibility.
F3	Mandatory tax withholding on distribution of Restricted Stock Units.
F4	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 1/15/2023, 1/15/2024, and 1/15/2025. Vesting (but not distribution) is accelerated on retirement eligibility.
F5	Based on a 401(k) plan statement dated 11/30/2022.