Ro Khanna × T

This June 2023 buy of AT&T at the minimum disclosed threshold of $1,001 carries no size or clustering flag and was filed promptly at 12 days. It is consistent with the high-frequency, small-denomination pattern that characterizes the broader 105-trade record in this ticker. The committee overlap signal fires given Khanna's positions on the Armed Services cyber subcommittee and the Oversight IT subcommittee, both of which have policy and procurement reach into AT&T's federal business. In isolation, a single minimum-size trade filed well within disclosure deadlines would attract little scrutiny. Its significance is contextual: it forms part of a sustained, multi-year pattern of recurring AT&T exposure maintained in the family trust while Khanna holds committee assignments with direct jurisdiction over telecom and federal IT contracting.

This July 2023 buy of AT&T at $1,001 is notable for the member cluster signal, which fires because three members of Congress disclosed AT&T trades within the same 14-day window. Member clustering does not indicate coordination, but it does flag that multiple legislators with potential legislative or oversight exposure to the company were active in the same stock at the same time. The trade itself was filed promptly at 10 days and is minimum-sized. Committee overlap remains a structural feature: as Ranking Member on the cyber subcommittee of Armed Services and a member of the Oversight IT subcommittee, Khanna occupies oversight roles that intersect with AT&T's federal contracting profile. Viewed across the 105-trade record, July 2023 represents a continuation of consistent monthly or near-monthly AT&T activity in the family portfolio.

The August 2023 buy of AT&T at $1,001 was disclosed in just 8 days, the fastest turnaround in this 10-trade snapshot. No size, clustering, or late disclosure flags fire. The only active signal is committee overlap, which is a structural condition rather than a trade-specific event: Khanna holds subcommittee assignments on cybersecurity and federal IT on both the Armed Services Committee and the Oversight Committee, both of which have regulatory and procurement reach into AT&T. This trade continues the pattern of near-monthly minimum-size AT&T purchases visible in the 2023 portion of the 105-trade record. Taken individually, it is a low-signal event. As part of a sustained, high-volume pattern in a federally regulated company within the congressman's oversight perimeter, it contributes to the structural picture of persistent exposure.

This September 2023 sell of AT&T at $1,001 generates two signals: a member cluster and a disclosure timing note. The filing came exactly 30 days after the trade, which meets the internal flagging threshold but does not breach the 45-day STOCK Act statutory deadline. The member cluster signal indicates that three legislators were active in AT&T during the surrounding two-week period. This is only the second sell transaction in this 10-trade sample, set against a backdrop of consistent buying throughout mid-2023. The committee overlap signal fires as a standing structural condition given Khanna's cyber and IT subcommittee roles. The combination of borderline disclosure timing, a concurrent member cluster, and the congressman's regulatory proximity to the telecom sector gives this trade a modestly elevated signal profile relative to the plain buy entries in the same period.

The October 2023 buy of AT&T at $1,001 is the only trade in this sample that triggers a late disclosure flag alongside the standing committee overlap signal. The filing came 37 days after the October 2 trade date, which exceeds the 30-day internal threshold Kapitol.ai uses to flag tardy disclosures. It does not exceed the 45-day STOCK Act statutory deadline and therefore does not constitute a legal violation. Still, the delay is notable given that two other AT&T trades in the same October-November batch (trades 19290 and 20251) were filed on the same November 8 date, suggesting a batch-filing approach was used rather than timely individual disclosure. Khanna's committee roles on cybersecurity and federal IT provide a structural basis for ongoing scrutiny of AT&T trades, and the late-filing pattern across 105 total disclosures is worth monitoring as a disclosure discipline question.

This October 10, 2023 buy stands out as the most structurally significant trade in the 2023 portion of this sample. At $15,001, it is approximately 15 times the median size of the surrounding AT&T trades in the portfolio, triggering the unusually large signal. It was filed on November 8, alongside trade 19447 (October 2 buy) and approximately contemporaneous with trade 20251 (September sell), suggesting batch reporting. The size jump is notable in context: the surrounding trades in this 10-entry window are uniformly at the $1,001 minimum, making the $15,001 position a clear deviation from the established pattern. Committee overlap is a standing signal given Khanna's cyber and IT oversight roles on Armed Services and Oversight. The combination of an elevated trade size and a 29-day disclosure window (near the internal threshold) gives this entry the highest signal density of any 2023 trade in this sample.

This October 2024 buy of AT&T at $1,001 shifts the sample into the 2024 activity period, more than a year after the preceding trades in this set. The 28-day disclosure delay, while not flagged, places it close to the 30-day internal threshold and continues the pattern of near-threshold filing times observed in the 2023 trades. The trade is minimum-sized and draws no cluster or size signals. The committee overlap signal is a structural constant: by late 2024, Khanna remained on the Armed Services cyber subcommittee and the Oversight IT subcommittee, maintaining direct jurisdictional exposure to AT&T's federal business. In the broader context of 105 disclosed trades across multiple years, this entry is routine in isolation but consistent with a pattern of sustained, active portfolio management in AT&T that persists across different congressional sessions and market environments.

Filed on November 8, 2024, this October 14 sell of AT&T at $15,001 mirrors the size profile of the October 2023 large buy (trade 19290), suggesting a recurring pattern of elevated-size position adjustments amid otherwise minimum-scale trading activity. The unusually large signal fires at approximately 15 times the median size for this pair. Notably, this is a sell rather than a buy, indicating the family trust was reducing AT&T exposure at this elevated size while continuing to maintain smaller-denomination purchases around the same period (see trades 12785 and 12028). The disclosure came 25 days after the trade, within all thresholds. Committee overlap remains a standing signal given Khanna's cyber and IT subcommittee responsibilities. The pairing of a large-size sell with concurrent small-size buys in the same ticker within weeks suggests active, layered position management in AT&T during the fall 2024 period.

This November 12, 2024 buy of AT&T at $1,001 was filed on December 5, a 23-day turnaround that is within all disclosure thresholds. No size, clustering, or late disclosure flags fire. The committee overlap signal remains active as a structural condition. This trade is notable in context: it occurs less than a month after the $15,001 sell on October 14 (trade 12676) and just three days before the $15,001 buy on November 15 (trade 11882). The sequencing of a large sell followed by a small buy followed by another large buy, all within roughly five weeks, reflects the layered, active position management style that characterizes the full 105-trade record in AT&T. While each individual minimum-size trade carries low signal density, the trading cadence across this window points to a more dynamic management approach than a passive buy-and-hold strategy would produce.

This November 15, 2024 buy at $15,001 is the most recent large-size trade in this sample and fires both the unusually large and committee overlap signals. It was disclosed on December 5, a 20-day turnaround that is the cleanest filing delay among the three large-size trades in this window. The $15,001 buy arrives just three days after the $1,001 buy on November 12 and approximately five weeks after the $15,001 sell on October 14, completing a short-cycle large-sell, small-buy, large-buy sequence in AT&T that stands out within the otherwise minimum-denomination pattern. As Ranking Member on the Armed Services Subcommittee on Cyber, Information Technologies, and Innovation, Khanna oversees DOD cybersecurity and digital modernization programs where AT&T holds active federal contracts. Across 105 disclosed trades in this ticker, the recurrence of $15,001-sized trades at decision points in the position, combined with standing committee jurisdiction, represents the most substantive element of the structural case for scrutiny.