Sabrina Sanders S 4

What Happened

• Sabrina Sanders, SVP and Acting Chief Accounting Officer & Controller at AT&T, received a distribution of 26,350 performance shares on January 29, 2026. Each performance share is equivalent in value to a common share. The distribution was handled by withholding 6,768.878 shares to cover tax obligations (disposed at $25.13, value $170,102) and cashing out the remaining 19,581.122 shares to the issuer at $25.13 for $492,074. Total value of the distributed performance shares was about $662,176.

Key Details

• Transaction date: 2026-01-29; filing date: 2026-02-02 (filed within required reporting window).
• Award (Code A): 26,350 performance shares distributed (F1, F2).
• Tax withholding (Code F): 6,768.878 shares withheld at $25.13 = $170,102 (F3).
• Disposition to issuer (Code D): 19,581.122 shares cashed at $25.13 = $492,074 (F4).
• Shares owned after transaction: not specified in the filing (filing references a 401(k) statement dated 11/30/2025 — F5).
• Filing appears timely (reported Feb 2 for a Jan 29 transaction).

Context

• This was a distribution of performance shares (an award), not an open-market sale or option exercise. The withholding and cash disposition are routine administrative steps to satisfy taxes and convert the net award to cash. Such transactions are common when equity awards vest and do not necessarily indicate a change in the insider’s view of the company.