What the executives and directors of AT&T actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| McElfresh Jeffery S. Chief Operating Officer | COO | 912.4K | — | — |
| Desroches Pascal Sr. Exec VP and CFO | CFO | 769.8K | — | — |
| McAtee David R II Sr. Exec. VP and Gen. Counsel | Officer | 490.1K | — | — |
| Legg Jeremy Alan Chief Technology Officer | Officer | 480.3K | — | — |
| LUCZO STEPHEN J | Director | 395.5K | — | — |
| Arroyo F. Thaddeus Chief Strategy & Dev Officer | Officer | 379.3K | — | — |
| Gillespie Edward W SEVP-Ext & Legislative Affairs | Officer | 363.6K | — | — |
| Smith Kenny Kellyn Chief Marketing & Growth Ofcr | Officer | 303.1K | — | — |
| Sabrina Sanders S SVP-ChiefActngOfcr&Controller | Officer | 175.6K | — | — |
| Santone Angela Sr. Exec VP-Human Resources | Officer | 128.5K | — | — |
| STANKEY JOHN T CEO & President | CEO | 78.7K | — | — |
| Cakaric Darcie M. SEVP and Chief HR Officer | Officer | 11.6K | — | — |
| Lee Lori M Global Mktg Ofr & SEVP Intl | Officer | 9,927 | — | — |
| MCCALLISTER MICHAEL B | Director | 0 | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2025-05-28 | Sabrina Sanders S (Officer) | Discretionary sale | 1,500 | $27.57 | $41K |
| 2023-11-13 | LUCZO STEPHEN J (Director) | Open-market buy | 62.5K | $15.55 | $972K |
| 2021-11-08 | LUCZO STEPHEN J (Director) | Open-market buy | 100K | $25.04 | $2.5M |
| 2021-05-20 | Desroches Pascal (CFO) | Open-market buy | 59 | $29.59 | $2K |
| 2021-05-20 | Desroches Pascal (CFO) | Open-market buy | 99 | $29.60 | $3K |
| 2021-05-20 | Desroches Pascal (CFO) | Open-market buy | 16.8K | $29.60 | $496K |
| 2021-05-19 | STANKEY JOHN T (CEO) | Open-market buy | 3,114 | $28.81 | $90K |
| 2021-05-19 | STANKEY JOHN T (CEO) | Open-market buy | 31.5K | $28.81 | $908K |
| 2021-05-19 | Desroches Pascal (CFO) | Open-market buy | 20 | $29.05 | $581 |
| 2021-05-19 | Desroches Pascal (CFO) | Open-market buy | 3,036 | $29.06 | $88K |
| 2021-05-18 | LUCZO STEPHEN J (Director) | Open-market buy | 100K | $29.80 | $3M |
| 2020-07-23 | LUCZO STEPHEN J (Director) | Open-market buy | 100K | $29.69 | $3M |
| 2020-04-24 | YANG GEOFFREY Y (Director) | Open-market buy | 6,754 | $29.39 | $199K |
| 2020-04-22 | LUCZO STEPHEN J (Director) | Open-market buy | 36K | $29.38 | $1.1M |
| 2020-02-04 | LUCZO STEPHEN J (Director) | Open-market buy | 100K | $37.60 | $3.8M |
| 2019-07-30 | STANKEY JOHN T (CEO) | Discretionary sale | 1,658 | $34.15 | $57K |
| 2019-07-30 | STANKEY JOHN T (CEO) | Discretionary sale | 2,366 | $34.15 | $81K |
| 2019-02-05 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 7,000 | $29.59 | $207K |
| 2019-02-04 | YANG GEOFFREY Y (Director) | Open-market buy | 33.6K | $29.79 | $1000K |
| 2019-01-31 | STANKEY JOHN T (CEO) | Discretionary sale | 1,675 | $29.84 | $50K |
| 2019-01-31 | STANKEY JOHN T (CEO) | Discretionary sale | 2,073 | $29.84 | $62K |
| 2018-10-26 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 4,000 | $29.14 | $117K |
| 2018-08-08 | Di Piazza Samuel A Jr. (Director) | Open-market buy | 3,075 | $32.49 | $100K |
| 2018-08-08 | Di Piazza Samuel A Jr. (Director) | Open-market buy | 4,615 | $32.48 | $150K |
| 2018-07-27 | HUTCHINS GLENN H (Director) | Open-market buy | 500 | $31.05 | $16K |
| 2018-07-27 | HUTCHINS GLENN H (Director) | Open-market buy | 5,411 | $31.05 | $168K |
| 2018-07-27 | HUTCHINS GLENN H (Director) | Open-market buy | 12.2K | $31.04 | $379K |
| 2018-07-27 | HUTCHINS GLENN H (Director) | Open-market buy | 46.2K | $31.04 | $1.4M |
| 2018-07-27 | ROCHE JOYCE M (Director) | Open-market buy | 3,200 | $31.19 | $100K |
| 2018-07-27 | FISHER RICHARD W (Director) | Open-market buy | 7,400 | $31.04 | $230K |
| 2018-07-26 | ROSE MATTHEW K (Director) | Open-market buy | 226 | $30.48 | $7K |
| 2018-07-26 | ROSE MATTHEW K (Director) | Open-market buy | 800 | $30.49 | $24K |
| 2018-07-26 | ROSE MATTHEW K (Director) | Open-market buy | 1,300 | $30.49 | $40K |
| 2018-07-26 | ROSE MATTHEW K (Director) | Open-market buy | 3,000 | $30.53 | $92K |
| 2018-07-26 | ROSE MATTHEW K (Director) | Open-market buy | 4,800 | $30.50 | $146K |
| 2018-07-26 | ROSE MATTHEW K (Director) | Open-market buy | 8,100 | $30.53 | $247K |
| 2018-07-26 | ROSE MATTHEW K (Director) | Open-market buy | 8,300 | $30.52 | $253K |
| 2018-07-26 | ROSE MATTHEW K (Director) | Open-market buy | 19.2K | $30.50 | $585K |
| 2018-07-26 | ROSE MATTHEW K (Director) | Open-market buy | 19.8K | $30.51 | $604K |
| 2018-07-26 | YANG GEOFFREY Y (Director) | Open-market buy | 11.5K | $30.48 | $350K |
| 2018-07-26 | YANG GEOFFREY Y (Director) | Open-market buy | 20.9K | $30.48 | $636K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 100 | $30.21 | $3K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 100 | $30.22 | $3K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 100 | $30.23 | $3K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 100 | $30.26 | $3K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 100 | $30.28 | $3K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 100 | $30.29 | $3K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 100 | $30.30 | $3K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 100 | $30.31 | $3K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 200 | $30.25 | $6K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 200 | $30.29 | $6K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 300 | $30.24 | $9K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 500 | $30.24 | $15K |
| 2018-07-25 | MCCALLISTER MICHAEL B (Director) | Open-market buy | 2,000 | $30.25 | $61K |
| 2018-07-25 | FORD SCOTT T (Director) | Open-market buy | 15K | $30.25 | $454K |
| 2018-07-25 | YANG GEOFFREY Y (Director) | Open-market buy | 90 | $30.40 | $3K |
| 2018-07-25 | YANG GEOFFREY Y (Director) | Open-market buy | 500 | $30.40 | $15K |
| 2018-07-25 | YANG GEOFFREY Y (Director) | Open-market buy | 6,900 | $30.39 | $210K |
| 2018-07-25 | YANG GEOFFREY Y (Director) | Open-market buy | 41.9K | $30.39 | $1.3M |
| 2018-07-25 | MOONEY BETH E (Director) | Open-market buy | 100 | $30.67 | $3K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.