Williams Companies Form 144: Minor Insider Sale Worth $119K

Rhea-AI Filing Summary

Williams Companies, Inc. (WMB) – Form 144 filing: Terrance L. Wilson has notified the SEC of an intent to sell up to 2,000 common shares via Fidelity Brokerage on the NYSE, with an aggregate market value of $119,360. The shares were acquired on 24 Feb 2024 through restricted-stock vesting. The proposed sale window begins 1 Aug 2025.

Williams has 1,221,006,379 shares outstanding; the planned sale equals roughly 0.0002 % of the float, indicating minimal dilution risk. Rule 144 disclosure shows Wilson previously sold 6,000 shares over the past three months (May–July 2025) for $364,280 in gross proceeds, suggesting a steady liquidation pattern.

No relationship to the issuer or Rule 10b5-1 plan details are provided. While the filing flags continued insider selling, the volume is immaterial to corporate fundamentals. Investors may view the activity as a sentiment data point rather than a driver of valuation.

Positive

• Extremely small size – 2,000 shares equal ~0.0002 % of outstanding stock, posing no dilution risk.
• Regulatory transparency – Filing complies with Rule 144, providing investors timely disclosure of insider intentions.

Negative

• Continued insider selling – 6,000 shares already sold in the prior three months, with another 2,000 planned, could be viewed as a bearish signal.

Insights

Securities Analyst

TL;DR: Small insider sale; negligible dilution; watch sentiment, not fundamentals.

The 2,000-share sale represents only 0.0002 % of WMB’s outstanding shares and follows 6,000 shares already sold this quarter. From a capital-markets perspective, the volume is immaterial, leaving valuation and liquidity untouched. Still, recurring monthly sales can hint at insider sentiment. With no guidance change or operational disclosure, I classify the impact as neutral.

Corporate Governance Expert

TL;DR: Routine Rule 144 filing; transparency positive, ongoing selling mildly cautionary.

The filing satisfies Rule 144 transparency, which is favorable for governance. Absence of 10b5-1 plan data means we cannot confirm pre-arranged trading, so repeated monthly sales may draw minor scrutiny. However, given the fractional size relative to float, governance risk is low. I see no red flags beyond typical insider diversification.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	2000	119360.00	1221006379	08/01/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/24/2024	Restricted Stock Vesting	Issuer			2000	02/24/2024	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Terrance L. Wilson One Williams Center Tulsa OK 74172	Common	05/01/2025	2000	116420.00
Terrance L. Wilson One Williams Center Tulsa OK 74172	Common	06/02/2025	2000	122420.00
Terrance L. Wilson One Williams Center Tulsa OK 74172	Common	07/01/2025	2000	125440.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Williams Companies (WMB) shares are being sold under this Form 144?

The notice covers 2,000 common shares with an aggregate market value of $119,360.

When is the planned sale date for the WMB shares?

The filer lists an approximate sale date of 1 Aug 2025.

How does the proposed sale compare to WMB’s shares outstanding?

With 1,221,006,379 shares outstanding, the sale equals roughly 0.0002 % of total shares.

What prior insider sales has the filer made in the last three months?

Terrance L. Wilson sold 6,000 shares between May and July 2025 for $364,280 in gross proceeds.

Was a Rule 10b5-1 trading plan disclosed?

The filing does not specify whether the sales are executed under a Rule 10b5-1 plan.