ROSE MATTHEW K 4

What Happened
Matthew K. Rose, a member of AT&T Inc.'s board of directors, was granted 3,500.135 deferred stock units (DSUs) on January 30, 2026. The award is reported at an equivalent price of $26.21 per share, for a total reported value of $91,739. This transaction is coded as an award/grant (A) and represents a derivative-based compensation award rather than an open‑market purchase.

Key Details

• Transaction date: January 30, 2026. Report filed February 3, 2026 (appears timely under the two-business‑day Form 4 rule).
• Grant: 3,500.135 deferred stock units; reported per‑share value $26.21; total reported value $91,739.
• Shares owned after transaction: Not disclosed in this filing.
• Instrument type: Derivative (deferred stock units) — transaction code A = award/grant.
• Footnote: DSUs were acquired under the AT&T Inc. Non‑Employee Director Stock and Deferral Plan. After the director leaves the board, each unit is paid out in cash equal to the value of one AT&T common share at the payout times the director elected.

Context: Deferred stock units are director compensation that convert to cash (based on AT&T share value) after service ends and do not represent an immediate open‑market purchase or sale of stock. Such awards are routine for non‑employee directors and are not direct indicators of buying/selling sentiment.