[Form 4] Williams Companies Inc. Insider Trading Activity

Rhea-AI Filing Summary

Williams Companies insider filing (Form 4) reports that Terrance Lane Wilson, SVP & General Counsel, executed two transactions on 09/04/2025. He sold 2,000 shares of WMB common stock at $57.62 per share and made a gift of 1,000 shares to a charitable donor-advised fund, reducing his beneficial ownership from 311,645 to 310,645 shares. The filing identifies the transactions as a sale (code S) and a gift (code G(1)), and is signed by an attorney-in-fact on 09/08/2025. No derivative transactions are reported in Table II.

Insights

Securities Analyst

TL;DR: Insiders disclosed a small sale and charitable gift; ownership change is minimal and non-material to company valuation.

The filing shows a reported sale of 2,000 shares at $57.62 and a gift of 1,000 shares, reducing reported beneficial ownership by 1,000 shares to 310,645. For a reporting person holding ~310k shares, these transactions represent a minor change in stake. No options, warrants, or other derivative activity is disclosed. The transactions are routine insider activity documented under Section 16 reporting requirements.

Corporate Governance Expert

TL;DR: Disclosure appears complete and timely; gift to a donor-advised fund is properly coded and documented.

The Form 4 identifies both the sale and a charitable transfer with appropriate transaction codes and post-transaction beneficial ownership. The presence of an attorney-in-fact signature is noted and dated. There are no indications of related-party or derivative transactions. From a governance perspective, the filing meets standard transparency expectations for insider trading disclosures.

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
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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^*

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)
09/04/2025

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	09/04/2025	09/04/2025	S		2,000	D	$57.62	311,645	D
Common Stock	09/04/2025	09/04/2025	G(1)	V	1,000	D	$0	310,645	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. Reflects the gift of common stock to a charitable donor advised fund.

Remarks:

	Marium Hannon, Attorney-In-Fact	09/08/2025
	** 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

What transactions did WMB insider Terrance Lane Wilson report on Form 4?

The Form 4 reports a sale of 2,000 shares at $57.62 and a gift of 1,000 shares on 09/04/2025.

How did the insider's beneficial ownership change after the transactions?

Beneficial ownership decreased from 311,645 shares to 310,645 shares following the reported transactions.

Was any derivative or option activity reported in this Form 4 for WMB?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned in this filing.

What was the nature of the 1,000-share transfer reported in the filing?

The 1,000-share transfer is reported as a gift, explained as a contribution to a charitable donor-advised fund.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Marium Hannon, Attorney-In-Fact on 09/08/2025.