AT&T INC. - 08 Apr 2022 Form 4 Insider Report for Magallanes, Inc.

Role
10%+ Owner
Signature
/s/ Debra L. Dial, Senior Vice President and Controller of AT&T Inc.
Issuer symbol
N/A
Transactions as of
08 Apr 2022
Net transactions value
$0
Form type
4
Filing time
12 Apr 2022, 20:00:29 UTC
Previous filing
28 Mar 2022
Next filing
10 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Disposed to Issuer -7,158,843,977 -100% 0 08 Apr 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

AT&T INC. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On April 7, 2022, the Issuer effected a stock split pursuant to which the 1,000 shares of the Issuer's common stock held by the Reporting Person were converted into 7,158,843,977 shares of the Issuer's common stock that continued to be held by the Reporting Person in an exempt transaction under Rule 16a-9 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
F2 Each share of Issuer common stock was disposed of pursuant to a pro rata distribution to the Reporting Person's stockholders in an exempt transaction under Rule 16a-9 under the Exchange Act, immediately followed by the merger of the Issuer with and into Drake Subsidiary, Inc. ("Merger Sub") pursuant to the Agreement and Plan of Merger between the Reporting Person, the Issuer, Discovery, Inc. (renamed Warner Bros. Discovery, Inc. in connection with the merger) and Merger Sub.