Lori M. Lee - 13 Jan 2023 Form 4 Insider Report for AT&T INC. (T)

Role: Global Mktg Ofcr & SEVP Intl
Signature: /s/ Johnell C. Holland, Attorney-in-fact
Issuer symbol: T
Transactions as of: 13 Jan 2023
Net transactions value: -$356,963
Form type: 4
Filing time: 18 Jan 2023, 18:27:38 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		+33,952	+81%		75,693	13 Jan 2023	Direct	F1, F2
transaction	T	Common Stock	Tax liability	$146,038	-7,470	-9.9%	$19.55	68,223	13 Jan 2023	Direct	F1, F3
transaction	T	Common Stock	Options Exercise		+13,682	+20%		81,905	13 Jan 2023	Direct	F1, F4
transaction	T	Common Stock	Tax liability	$58,865	-3,011	-3.7%	$19.55	78,894	13 Jan 2023	Direct	F1, F3
transaction	T	Common Stock	Options Exercise		+22,424	+28%		101,318	13 Jan 2023	Direct	F1, F5
transaction	T	Common Stock	Tax liability	$152,060	-7,778	-7.7%	$19.55	93,540	13 Jan 2023	Direct	F1, F3
holding	T	Common Stock						9,392	13 Jan 2023	By 401(k)	F6
holding	T	Common Stock						10,696	13 Jan 2023	By Benefit Plan
holding	T	Common Stock						180,820	13 Jan 2023	By Joint Trust

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 (2019)	Options Exercise		-33,952	-100%		0	13 Jan 2023	Common Stock	33,952		Direct	F1, F2
transaction	T	Restricted Stock Units (2021)	Options Exercise		-13,682	-50%		13,682	13 Jan 2023	Common Stock	13,682		Direct	F1, F4
transaction	T	Restricted Stock Units (2022)	Options Exercise		-22,424	-33%		44,852	13 Jan 2023	Common Stock	22,424		Direct	F5

* 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. Units vest and distribute on 1/15/2023. 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 1/15/2022, 1/15/2023, and 1/15/2024. Vesting (but not distribution) is accelerated on retirement eligibility.
F5	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.
F6	Based on a 401(k) plan statement dated 11/30/2022.