Williams Companies (NYSE: WMB) SVP sells 2,000 shares via 10b5-1 plan

Q: What insider transaction did WMB executive Terrance Lane Wilson report?

Terrance Lane Wilson reported an open-market sale of 2,000 shares of WILLIAMS COMPANIES, INC. common stock at $71.75 per share. The sale was executed under a pre-arranged Rule 10b5-1 Sales Plan , as disclosed in the filing’s footnote.

Q: Was the WMB insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states the 2,000-share sale was made under a Rule 10b5-1 Sales Plan entered into between Terrance Lane Wilson and a broker on September 10, 2025 . Such plans typically pre-schedule trades to systematically diversify holdings.

Q: What type of transaction is shown in Terrance Lane Wilson’s WMB Form 4?

The Form 4 shows an open-market sale of common stock, coded as a sale transaction. It records Wilson’s disposition of 2,000 shares at $71.75 per share and provides his updated direct and indirect ownership totals following the trade.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

WILLIAMS COMPANIES, INC. senior vice president and general counsel Terrance Lane Wilson executed an open-market sale of 2,000 shares of common stock at $71.75 per share. The transaction was made under a pre-arranged Rule 10b5-1 Sales Plan.

Following the sale, he directly holds 289,159 common shares and indirectly holds 100 shares through a trust.

Insights

Small, pre-planned insider sale with sizable holdings remaining.

Terrance Lane Wilson, senior vice president and general counsel of WILLIAMS COMPANIES, INC., sold 2,000 common shares at $71.75 per share in an open-market transaction. The filing notes this occurred under a Rule 10b5-1 Sales Plan, indicating it was pre-scheduled.

After the sale, Wilson continues to own 289,159 shares directly and 100 shares indirectly via a trust, so the transaction represents a relatively small portion of the position visible here. With no derivative positions listed in this filing, the event appears as a routine, plan-driven sale rather than a major shift in exposure.

Insider Trade Summary 10b5-1

Net Seller: 2,000 shares ($143,500)

Net Sell 2 txns

Insider Wilson Terrance Lane

Role SVP & General Counsel

Sold 2,000 shs ($144K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,000	$71.75	$144K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 289,159 shares (Direct); Common Stock — 100 shares (Indirect, By Trust)

Footnotes (1)

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Key Figures

Shares sold: 2,000 shares Sale price per share: $71.75 per share Direct holdings after sale: 289,159 shares +2 more

5 metrics

Shares sold 2,000 shares Open-market sale of common stock

Sale price per share $71.75 per share Price for the 2,000-share sale

Direct holdings after sale 289,159 shares Common stock directly owned post-transaction

Indirect holdings after sale 100 shares Common stock held indirectly by trust

Net share change -2,000 shares Net buy/sell direction in transaction summary

Key Terms

Rule 10b5-1 Sales Plan, open-market sale, indirect ownership, Common Stock

4 terms

Rule 10b5-1 Sales Plan financial

"Represents shares sold pursuant to a 10b5-1 Sales Plan entered into"

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

""direct_or_indirect": "I", "nature_of_ownership": "By Trust""

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 12:29 PM

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^*

Wilson Terrance Lane

(Last)

(First)

(Middle)

ONE WILLIAMS CENTER

(Street)

TULSA

OKLAHOMA

74172

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2026	04/01/2026	S		2,000⁽¹⁾	D	$71.75	289,159	D
Common Stock								100	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

Remarks:

	Cheryl L. Mahon, Attorney-in-fact	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WMB executive Terrance Lane Wilson report?

Terrance Lane Wilson reported an open-market sale of 2,000 shares of WILLIAMS COMPANIES, INC. common stock at $71.75 per share. The sale was executed under a pre-arranged Rule 10b5-1 Sales Plan, as disclosed in the filing’s footnote.

How many WMB shares does Terrance Lane Wilson hold after this Form 4?

After the reported transaction, Terrance Lane Wilson directly holds 289,159 shares of WILLIAMS COMPANIES, INC. common stock and indirectly holds 100 shares through a trust. These figures show the equity position remaining following the 2,000-share sale.

Was the WMB insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states the 2,000-share sale was made under a Rule 10b5-1 Sales Plan entered into between Terrance Lane Wilson and a broker on September 10, 2025. Such plans typically pre-schedule trades to systematically diversify holdings.

What type of transaction is shown in Terrance Lane Wilson’s WMB Form 4?

The Form 4 shows an open-market sale of common stock, coded as a sale transaction. It records Wilson’s disposition of 2,000 shares at $71.75 per share and provides his updated direct and indirect ownership totals following the trade.

Does the Form 4 for WMB include any derivative securities for Terrance Lane Wilson?

No derivative securities are listed for Terrance Lane Wilson in this Form 4. The filing focuses on his common stock holdings, showing the 2,000-share sale, remaining 289,159 direct shares, and 100 indirect shares held through a trust after the transaction.

Williams Companies (NYSE: WMB) SVP sells 2,000 shares via 10b5-1 plan

Rhea-AI Filing Summary

Positive

Negative