McAtee David R II 4

What Happened
David R. McAtee II, Senior Executive Vice President and General Counsel of AT&T (T), reported a gift transaction on 2026-02-18. The Form 4 shows mirror entries: a disposition of 126,479 shares (Gift, $0.00 per share) and an acquisition of 126,479 shares (Gift, $0.00 per share). The filing reports $0.00 price/value because the transfer was a gift rather than a sale or purchase.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (appears timely).
• Transaction code: G (Gift); price per share reported: $0.00; total reported value: $0.
• Reported entries: Disposed 126,479 shares and Acquired 126,479 shares (same quantity).
• Shares owned after the transaction: Not specified in the provided summary.
• Footnote: F1 — based on a 401(k) plan statement dated 1/31/2026 (suggests the acquisition entry relates to plan/retirement-account reporting).
• Filing timeliness: Filed within the expected two-business-day window; not marked late.

Context
Gifts are coded as G and do not involve cash proceeds; they often reflect estate planning, intra-family transfers, or transfers into retirement/benefit accounts and do not necessarily signal the insider’s view of the stock. The paired dispose/acquire entries here likely reflect an administrative transfer (e.g., into a 401(k) or trust) per the footnote, but the Form 4 does not provide the recipient or additional motivation. Retail investors typically weigh purchases more heavily than gifts when looking for insider sentiment.