Lee Lori M 4

What Happened
Lori M. Lee, Global Marketing Officer & SEVP International at AT&T, reported two gift transactions on 2026-01-20. The Form 4 shows a gift disposal of 34,376 shares and a gift acquisition of 34,376 shares, each at $0.00, for a total of 68,752 shares reported as gifts. No cash value is listed for these entries.

Key Details

• Transaction date: 2026-01-20; filing date: 2026-01-22.
• Reported transactions: Gift (code G) — 34,376 shares disposed @ $0.00; Gift (code G) — 34,376 shares acquired @ $0.00.
• Total shares involved: 68,752 shares; transaction price/value: $0 (gifts).
• Shares owned after transaction: Not specified in the filing; footnote cites a 401(k) plan statement dated 11/30/2025. (Footnote F1)
• No late filing is indicated on the face of the Form 4.

Context
Gifts are transfers of ownership and do not necessarily indicate the insider’s view of the company’s stock. The paired disposal and acquisition of the same share count at $0.00 may reflect an account-to-account transfer or intra-plan movement; the filing itself does not explain motive. Retail investors usually treat purchases as stronger signals than gifts.