Cakaric Darcie M. 4

What Happened
Darcie M. Cakaric, Senior EVP and Chief Human Resources Officer at AT&T, had 11,596 restricted stock units (RSUs) convert into common shares on Feb 13, 2026. To satisfy mandatory tax withholding, 2,866 of those shares were surrendered at $28.80 per share for a tax payment of about $82,541, leaving a net 8,730 shares delivered to her.

Key Details

• Transaction date: 2026-02-13; Form filed 2026-02-18 (timely — Feb 16 was a federal holiday).
• Converted/Exercised (code M): 11,596 RSUs → 11,596 shares acquired.
• Tax withholding (code F): 2,866 shares withheld/disposed at $28.80/share = $82,541.
• Net shares received by insider: 11,596 − 2,866 = 8,730 shares.
• Footnotes: F1 — RSUs granted under the 2018 Incentive Plan; one‑third vests/distributes on each 2/15/2026, 2/15/2027, 2/15/2028; vesting may accelerate on retirement eligibility. F2 — mandatory tax withholding on RSU distribution. F3 — references a 401(k) statement dated 1/31/2026.
• Shares owned after the transaction are not specified in this Form 4.

Context
This was not an open‑market sale but a routine conversion/distribution of RSUs with employer withholding to cover taxes — a common administrative action, not a directional buy/sell signal. For derivative/RSU activity, the key takeaways are the number of units converted and any shares surrendered for taxes; here the filing shows a conversion of RSUs and mandatory withholding rather than a market sale.