David R. McAtee II - 13 Jan 2023 Form 4 Insider Report for AT&T INC. (T)

Role: Sr. Exec. VP and Gen. Counsel
Signature: /s/ Johnell C. Holland, Attorney-in-fact
Issuer symbol: T
Transactions as of: 13 Jan 2023
Net transactions value: -$613,303
Form type: 4
Filing time: 18 Jan 2023, 18:30:18 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		+50,744	+16%		373,220	13 Jan 2023	Direct	F1, F2
transaction	T	Common Stock	Tax liability	$246,819	-12,625	-3.4%	$19.55	360,595	13 Jan 2023	Direct	F1, F3
transaction	T	Common Stock	Options Exercise		+18,891	+5.2%		379,486	13 Jan 2023	Direct	F1, F4
transaction	T	Common Stock	Tax liability	$144,299	-7,381	-1.9%	$19.55	372,105	13 Jan 2023	Direct	F1, F3
transaction	T	Common Stock	Options Exercise		+28,880	+7.8%		400,985	13 Jan 2023	Direct	F1, F5
transaction	T	Common Stock	Tax liability	$222,186	-11,365	-2.8%	$19.55	389,620	13 Jan 2023	Direct	F1, F3
holding	T	Common Stock						6,041	13 Jan 2023	By 401(k)	F6
holding	T	Common Stock						201,093	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 (2019)	Options Exercise		-50,744	-100%		0	13 Jan 2023	Common Stock	50,744		Direct	F1, F2
transaction	T	Restricted Stock Units (2021)	Options Exercise		-18,891	-50%		18,890	13 Jan 2023	Common Stock	18,891		Direct	F1, F4
transaction	T	Restricted Stock Units (2022)	Options Exercise		-28,880	-33%		57,760	13 Jan 2023	Common Stock	28,880		Direct	F1, 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 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.
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.