A Dark Vector Cognition product

Item 1A. Risk Factors

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Item 1A. Risk Factors

We discuss in our Annual Report on Form 10-K for the year ended December 31, 2022 various risks that may materially affect our business. We use this section to update this discussion to reflect material developments. For the first quarter of 2023, there were no such material developments.

PART II – OTHER INFORMATION - CONTINUED

Dollars in millions except per share amounts

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

(c) A summary of our repurchases of common stock during the first quarter of 2023 is as follows:

(a)(b)(c)(d)
PeriodTotal Number of Shares (or Units) Purchased****1, 2Average Price Paid Per Share (or Unit)Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs****1Maximum Number (or Approximate Dollar Value) of Shares (or Units) That May Yet Be Purchased Under The Plans or Programs
January 1, 2023 - January 31, 2023900,166$19.49—143,731,972
February 1, 2023 - February 28, 20235,522,93719.55—143,731,972
March 1, 2023 - March 31, 20233,397,30418.33—143,731,972
Total9,820,407$19.12—

1In March 2014, our Board of Directors approved an authorization to repurchase up to 300 million shares of our common stock. The authorization has no expiration date.

2These shares were acquired through the withholding of taxes on the vesting of restricted stock and performance shares or in respect of the exercise price of options.

AT&T INC.

MARCH 31, 2023

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