Cindy B. Taylor - May 22, 2023 Form 4 Insider Report for AT&T INC. (T)

Role: Director
Signature: /s/ Johnell C. Holland, Attorney-in-fact
Stock symbol: T
Transactions as of: May 22, 2023
Transactions value $: $176,557
Form type: 4
Date filed: 7/5/2023, 02:13 PM
Previous filing: May 2, 2023
Next filing: Jun 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	T	Depositary Shares (Preferred Stock, Series C)	Small acquisition under Rule 16a-6	$6.56K	+320		$20.49	320	May 22, 2023	Direct	F1, F2
holding	T	Common Stock						5.72K	May 22, 2023	Direct

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	Deferred Stock Units	Award	$170K	+10.7K	+8.08%	$15.95	143K	Jun 30, 2023	Common Stock	10.7K		By Benefit Plan	F3

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

Explanation of Responses:

Id	Content
F1	Each Depositary Share represents a 1/1,000th interest in a share of 4.750% Perpetual Preferred Stock, Series C.
F2	This acquisition is eligible for deferred reporting on Form 5 pursuant to Rule 16a-6, but is being reported earlier than required on Form 4.
F3	Deferred stock units acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan. After the reporting person ceases to be a director, each unit is paid out in cash equal to the value of one share of AT&T common stock at times elected by the director.