Form 4 - Statement of changes in beneficial ownership of securities

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* ARMSTRONG ALAN S (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) X Director 10% Owner X Officer (give title below) Other (specify below) President & CEO
	3. Date of Earliest Transaction (Month/Day/Year) 10/15/2024
	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	10/15/2024	10/15/2024	M		51,059	A	$49.15	2,066,536	I	By CCJG Investments, LLC
Common Stock	10/15/2024	10/15/2024	M		51,059	A	$49.15	2,117,595	I	By CCJG Investments, LLC
Common Stock	10/15/2024	10/15/2024	M		51,059	A	$49.15	2,168,654	I	By CCJG Investments, LLC
Common Stock	10/15/2024	10/15/2024	F(1)		150,234	D	$50.9	2,018,420(2)	I	By CCJG Investments, LLC
Common Stock								372,674	D
Common Stock								34,264	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Options (Right to Buy)	$49.15	10/15/2024	10/15/2024	M			51,059	02/23/2016	02/21/2025	Common Stock	51,059	$49.15	102,118	D
Employee Options (Right to Buy)	$49.15	10/15/2024	10/15/2024	M			51,059	02/23/2017	02/21/2025	Common Stock	51,059	$49.15	51,059	D
Employee Options (Right to Buy)	$49.15	10/15/2024	10/15/2024	M			51,059	02/23/2018	02/21/2025	Common Stock	51,059	$49.15	0	D

Explanation of Responses:

1. 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.

2. 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.

Remarks:

	Robert E. Riley, Jr., Attorney-In-Fact	10/17/2024
	** 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.

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