Jeffery S. McElfresh - 31 Oct 2025 Form 4 Insider Report for AT&T INC. (T)

Role: Chief Operating Officer
Signature: /s/ Johnell C. Holland, Attorney-in-fact
Issuer symbol: T
Transactions as of: 31 Oct 2025
Net transactions value: +$63,786
Form type: 4
Filing time: 04 Nov 2025, 16:15:55 UTC
Previous filing: 02 Oct 2025
Next filing: 02 Dec 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	04 Nov 2025	0001734431

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	T	Common Stock	Award	$63,786	+2,577	+1.5%	$24.75	169,374	31 Oct 2025	By Benefit Plan	F1
holding	T	Common Stock						8,748	31 Oct 2025	By 401(k)	F2
holding	T	Common Stock						557,461	31 Oct 2025	Direct

* 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	Based on a 401(k) plan statement dated 9/30/2025.