[Form 4] Williams Companies Inc. Insider Trading Activity

Rhea-AI Filing Summary

Williams Companies (WMB) Form 4 highlights: SVP & General Counsel Terrance Lane Wilson reported the sale of 2,000 common shares on 08/01/2025 at $59.68 per share under a Rule 10b5-1 trading plan established on 06/14/2025. The transaction reduces his direct holdings to 313,645 shares, a decline of roughly 0.6% of his previously reported position.

The filing discloses no derivative activity and contains a single disposition code “S,” indicating an open-market sale. No changes to board roles, compensation, or company guidance are mentioned. Because the officer retains a substantial stake, the move appears to be routine portfolio diversification rather than a signal of deteriorating fundamentals.

Positive

• None.

Negative

• Officer insider sale may be interpreted by some investors as a mild bearish signal, although size and 10b5-1 context mitigate concern.

Insights

Securities Analyst

TL;DR: Minor insider sale; immaterial to WMB valuation.

The 2,000-share sale equals about US$119k and leaves Wilson with more than 313k shares, maintaining strong alignment with shareholders. The use of a pre-arranged 10b5-1 plan limits signaling risk, suggesting the action is planned liquidity rather than a reaction to new information. Given Williams’ 1.2 bn shares outstanding, the trade is statistically insignificant to float and should have negligible impact on market sentiment or liquidity.

Corporate Governance Expert

TL;DR: Governance-neutral; compliant 10b5-1 trade.

The filing reflects good governance practices: timely reporting, explicit 10b5-1 disclosure, and modest share reduction. No red flags emerge regarding confidence, as the executive retains a sizable ownership buffer supporting long-term alignment. Consequently, the transaction is governance-neutral and not indicative of deterioration in oversight or risk posture.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wilson Terrance Lane

(Last) (First) (Middle)

ONE WILLIAMS CENTER

(Street)

TULSA OK 74172

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WILLIAMS COMPANIES, INC. [ WMB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/01/2025	08/01/2025	S(1)		2,000	D	$59.68	313,645	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares sold pursuant to a 10b5-1 Sales Plan entered into between Reporting Person and Broker on June 14, 2025.

Remarks:

	Marium Hannon, Attorney-In-Fact	08/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many WMB shares did the insider sell?

Terrance Lane Wilson sold 2,000 common shares of Williams Companies.

At what price were the WMB shares sold?

The shares were sold at $59.68 per share.

What is the insider’s remaining ownership after the sale?

Wilson now directly owns 313,645 WMB shares.

Was the sale under a Rule 10b5-1 plan?

Yes. The Form 4 states the shares were sold under a 10b5-1 plan executed on 06/14/2025.

Does this filing indicate any change in Wilson’s role at Williams Companies?

No. He remains SVP & General Counsel; no role changes were disclosed.