[Form 4] Williams Companies Inc. Insider Trading Activity

Rhea-AI Filing Summary

Williams Companies, Inc. (WMB) – Form 4 insider transaction

Senior Vice President & General Counsel Terrance Lane Wilson reported an open-market sale of 2,000 shares of common stock on July 1, 2025 at a price of $62.70 per share (Transaction code S).

The transaction was executed under a pre-arranged Rule 10b5-1 sales plan adopted on June 14, 2024. Following the sale, Wilson continues to hold 315,645 shares directly. No derivative security activity was reported.

The filing reflects a routine, low-volume disposition representing well under 1 % of the insider’s total stake, limiting the market significance of the trade.

Positive

• None.

Negative

• Insider disposition: SVP & General Counsel sold 2,000 shares, which can be perceived as a modest reduction in insider ownership, although scale and 10b5-1 context limit concern.

Insights

Portfolio Manager

TL;DR: Minor 10b5-1 sale; negligible impact on WMB valuation.

The 2,000-share disposal (~0.6 % of Wilson’s 315k-share position) is routine and executed under a pre-scheduled 10b5-1 plan, signalling administrative liquidity rather than a view on fundamentals. Insider still holds a sizable stake, maintaining alignment with shareholders. Volume is immaterial relative to WMB’s average daily trading and should not affect float or price discovery. I classify the filing as informational with no material impact on investment thesis.

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)
07/01/2025

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	07/01/2025	07/01/2025	S(1)		2,000	D	$62.7	315,645	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, 2024.

Remarks:

	Cheryl L. Mahon, Attorney-in-fact	07/02/2025
	** 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 Terrance Lane Wilson sell on 07/01/2025?

The Form 4 shows a sale of 2,000 shares of Williams Companies common stock.

At what price were the WMB shares sold?

The reported sale price was $62.70 per share.

How many shares does the insider still own after the transaction?

After the sale, Wilson directly beneficially owns 315,645 shares.

Was the WMB insider sale part of a 10b5-1 trading plan?

Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 sales plan adopted on June 14, 2024.

Does this insider sale materially impact Williams Companies stock?

Given the small size relative to insider holdings and total float, the filing is considered not materially impactful on WMB’s share price.