WILLIAMS COMPANIES, INC. — Director's Dealing 2026

Feb 25, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WILLIAMS COMPANIES, INC. (WMB)
CIK: 0000107263
Period of Report: 2026-02-23

Reporting Person: Wilson Terrance Lane (SVP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-23	Common Stock	M	44327	$72.98	Acquired	351728	Direct
2026-02-23	Common Stock	F	19501	$72.98	Disposed	332227	Direct
2026-02-23	Common Stock	F	12068	$72.98	Disposed	320159	Direct
2026-02-24	Common Stock	S	27000	$72.92	Disposed	293159	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-23	Restricted Stock Units	$0	M	44327	Disposed	2026-02-23	Common Stock (44327)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3100	Indirect

Footnotes

F1: Shares of common stock vesting pursuant to a 2023 performance-based RSU grant agreement between the Reporting Person and the Issuer and including an adjustment for performance at greater than target as certified by the Issuer's Compensation and Management Development Committee.

F2: A portion of the shares of common stock in footnote (1) were withheld by the Issuer to satisfy tax withholdings of the Reporting Person.

F3: Shares of common stock withheld by Issuer to satisfy tax withholdings of the Reporting Person in connection with a 2023 grant of time-based restricted stock units previously reported on an as-owned basis in Table I.

F4: This transaction was executed in multiple trades at prices ranging from $72.88 - $72.99. The prices reported above reflect the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F5: Performance-based restricted stock units. Vesting is subject to applicable grant agreement and Compensation and Management Development Committee certification that the Company has met the applicable three year performance measures for certain financial metrics not solely tied to the market price of issuer securities. The payout will range from 0 percent to 200 percent of the awarded number of units.