Item 5. Other Information

Unregistered Sales of Equity Securities

On August 3, 2026, Williams made an irrevocable election to issue 26,874,496 shares of its common stock, par value $1.00 per share, as consideration for its acquisition (the Acquisition) of the membership interests of M6 Midstream LLC pursuant to the terms of a Membership Interest Purchase Agreement entered into on July 17, 2026, with M6 Midstream Holdings LLC and M6 Midstream Blocker LLC. The Acquisition is subject to the satisfaction or waiver of certain customary conditions. Subject to the satisfaction or waiver of such conditions, the issuance of common stock will be made at closing of the Acquisition pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.

Rule 10b5-1 Trading Arrangements

During the three months ended June 30, 2026, no director or officer of Williams adopted or terminated a “Rule 10b5-1 trading arrangement,” and no director or officer of Williams adopted or terminated a “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.