STANKEY JOHN T 4

What Happened
John T. Stankey, CEO & President (and Director) of AT&T, reported gift transactions on Feb 18, 2026 showing 199,244 shares disposed and the same 199,244 shares acquired, both at $0.00 per share (total reported value $0). The paired disposal and acquisition at $0 indicate a non-sale transfer (a gift/transfer between accounts), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-20, Accession 0000732717-26-000168).
• Transaction type/code: G = Gift.
• Shares: 199,244 shares disposed and 199,244 shares acquired; price: $0.00; reported total value: $0.
• Shares owned after transaction: not disclosed in the filing.
• Footnote: F1 — Based on a 401(k) plan statement dated 1/31/2026 (suggests the transfer involved a retirement plan account).
• Timeliness: Filed Feb 20 for a Feb 18 transaction; appears timely under normal Section 16 filing rules (no late-filing flag noted).

Context
Gifts and intra-account transfers do not necessarily indicate the insider’s view of the stock’s prospects and are often administrative (e.g., transfers to/from trusts, family members, or retirement plans). Because this filing shows both a disposal and acquisition of the same amount at $0 and cites a 401(k) statement, it appears to be an internal transfer rather than a market transaction.