X0306 4 2021-01-28 0000732717 AT&T INC. T 0001734431 McElfresh Jeffery S. 208 S. AKARD STREET DALLAS TX 75202 1 CEO, AT&T Communications, LLC Common Stock 2021-01-28 4 A 0 21014.7 A 63239.5401 I By Benefit Plan Common Stock 2021-01-28 4 F 0 7775.439 28.80 D 55464.1011 I By Benefit Plan Common Stock 2021-01-28 4 D 0 8738.261 28.80 D 46725.8401 I By Benefit Plan Common Stock 2021-01-28 4 D 0 4501 D 42224.8401 I By Benefit Plan Common Stock 3509.8184 I By 401(k) Common Stock 71610 D Restricted Stock Units (2021) 2021-01-28 4 A 0 73785 A Common Stock 73785 73785 D Total performance shares distributed. Each performance share is equivalent in value to a share of common stock. Mandatory tax withholding on distribution of performance shares. Represents portion of the performance shares distributed in cash, after taxes. Reflects transfer of 4,501 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares. Restricted stock units acquired pursuant to the 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. One-third of the units vests and distributes on each of 1/15/2022, 1/15/2023 and 1/15/2024. Vesting (but not distribution) is accelerated on retirement eligibility. /s/ Starlene Meyerkord, Attorney-in-fact 2021-02-01