Alan S. Armstrong - Oct 15, 2024 Form 4 Insider Report for WILLIAMS COMPANIES, INC. (WMB)

Role: President & CEO, Director
Signature: Robert E. Riley, Jr., Attorney-In-Fact
Stock symbol: WMB
Transactions as of: Oct 15, 2024
Transactions value $: -$7,646,911
Form type: 4
Date filed: 10/17/2024, 02:19 PM
Previous filing: Jul 15, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WMB	Common Stock	Options Exercise	$2.51M	+51.1K	+2.53%	$49.15	2.07M	Oct 15, 2024	By CCJG Investments, LLC
transaction	WMB	Common Stock	Options Exercise	$2.51M	+51.1K	+2.47%	$49.15	2.12M	Oct 15, 2024	By CCJG Investments, LLC
transaction	WMB	Common Stock	Options Exercise	$2.51M	+51.1K	+2.41%	$49.15	2.17M	Oct 15, 2024	By CCJG Investments, LLC
transaction	WMB	Common Stock	Tax liability	-$7.65M	-150K	-6.93%	$50.90	2.02M	Oct 15, 2024	By CCJG Investments, LLC	F1, F2
holding	WMB	Common Stock						373K	Oct 15, 2024	Direct
holding	WMB	Common Stock						34.3K	Oct 15, 2024	By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership
transaction	WMB	Employee Options (Right to Buy)	Options Exercise	-$2.51M	-51.1K	-33.33%	$49.15	102K	Oct 15, 2024	Common Stock	51.1K	$49.15	Direct
transaction	WMB	Employee Options (Right to Buy)	Options Exercise	-$2.51M	-51.1K	-50%	$49.15	51.1K	Oct 15, 2024	Common Stock	51.1K	$49.15	Direct
transaction	WMB	Employee Options (Right to Buy)	Options Exercise	-$2.51M	-51.1K	-100%	$49.15	0	Oct 15, 2024	Common Stock	51.1K	$49.15	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reporting person is disposing of common shares to the issuer to pay for the conversion price of the option and tax withholding as part of an exercise and hold transaction.
F2	The amount of securities beneficially owned following the reported transaction represents (i) 2,015,477 shares of common stock formerly directly owned by the reporting person, and (ii) the 2,943 shares of common stock resulting from the option exercise reported in Tables I and II hereof. In the instances of both (i) and (ii), such shares of common stock were transferred to CCJG Investments, LLC. The reporting person and his spouse are co-managers of and beneficially own all of the membership interests in such LLC.

Content

Reporting person is disposing of common shares to the issuer to pay for the conversion price of the option and tax withholding as part of an exercise and hold transaction.

The amount of securities beneficially owned following the reported transaction represents (i) 2,015,477 shares of common stock formerly directly owned by the reporting person, and (ii) the 2,943 shares of common stock resulting from the option exercise reported in Tables I and II hereof. In the instances of both (i) and (ii), such shares of common stock were transferred to CCJG Investments, LLC. The reporting person and his spouse are co-managers of and beneficially own all of the membership interests in such LLC.