Alan S. Armstrong (WMB) moves 241,248 Williams shares into CCJG Investments LLC

Rhea-AI Filing Summary

Williams Companies director Alan S. Armstrong reported an internal change in how he owns some of his Williams Companies, Inc. common stock. He transferred 241,248 shares at $72.98 per share from direct ownership to CCJG Investments, LLC, so those shares are now held indirectly.

After this change, Armstrong directly owns 192,200 shares, indirectly owns 2,503,509 shares through CCJG Investments, LLC, and indirectly holds 29,888 shares through a trust. The filing describes this as an “other” type of transaction rather than a market purchase or sale.

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).

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^*

ARMSTRONG ALAN S

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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	03/05/2026	03/05/2026	J(1)		241,248	D	$72.98	192,200	D
Common Stock	03/05/2026	03/05/2026	J		241,248	A	$72.98	2,503,509	I	By CCJG Investments, LLC
Common Stock								29,888	I	By Trust

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. Reporting person is transferring common stock, which is directly owned, to CCJG Investments, LLC thereby changing the form of ownership of such common stock to indirectly owned.

Remarks:

	Cheryl L. Mahon, Attorney-in-fact	03/09/2026
	** 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

What did Alan S. Armstrong report in this Form 4 for WMB?

Alan S. Armstrong reported an internal ownership change, transferring 241,248 Williams (WMB) common shares from direct ownership to CCJG Investments, LLC. This reclassified the shares as indirectly owned, rather than reflecting an open market purchase or sale.

How many Williams (WMB) shares does Alan S. Armstrong now own directly?

After the reported transaction, Alan S. Armstrong directly owns 192,200 shares of Williams Companies common stock. This figure reflects his remaining direct holdings following the transfer of 241,248 shares into CCJG Investments, LLC for indirect ownership.

How many Williams (WMB) shares are held indirectly through CCJG Investments, LLC?

Following the ownership change, 2,503,509 Williams Companies shares are indirectly held through CCJG Investments, LLC. The Form 4 shows that 241,248 shares were moved from Armstrong’s direct holdings into this LLC, changing the form of ownership to indirect.

What price per share is shown for the WMB ownership transfer?

The Form 4 lists a price of $72.98 per share for the 241,248 Williams Companies shares involved in the internal transfer. This price is used for reporting the transaction, even though the filing characterizes it as an “other” ownership change rather than a market trade.

Does the Form 4 show any Williams (WMB) shares held through a trust?

Yes. The Form 4 indicates 29,888 Williams Companies shares are held indirectly “By Trust.” This line is reported as a holding entry, showing the total number of shares associated with the trust after the transactions on the reported date.

Was this Form 4 for Williams (WMB) a buy or sell transaction?

The Form 4 does not report a traditional buy or sell. Instead, it records an “other” type of transaction where 241,248 shares were transferred from direct ownership to CCJG Investments, LLC, changing how the shares are owned rather than reflecting an open market trade.