Lee Lori M 4

What Happened
Lori M. Lee, AT&T’s Global Marketing Officer & Senior EVP, recorded a gift transaction on 2026-02-18 that shows 60,924 shares listed as both disposed and acquired at $0.00 (total value $0). The dual entries indicate a transfer of shares by gift rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-02-18; Form filed: 2026-02-20 (filed within the typical 2-business-day window).
• Transaction type: Gift (code G); 60,924 shares disposed and 60,924 shares acquired; price per share $0.00; total reported value $0.
• Shares owned after the transaction: not disclosed on the Form 4.
• Footnote: Based on a 401(k) plan statement dated 1/31/2026 (F1), suggesting the transfer involved retirement plan accounts.
• No 10b5-1 plan or tax-withholding codes reported for this transfer.

Context
Gifts are transfers of ownership and do not represent a market purchase or sale; they generally do not convey the insider’s view of the company’s stock. The filing appears to document an internal transfer (likely among retirement/plan accounts) rather than a trade for cash.