[144] Walmart Inc. SEC Filing

Rhea-AI Filing Summary

Walmart Inc. (WMT) Form 144 discloses a proposed sale of 1,655 common shares through Stephens Inc. with an aggregate market value of $166,035.90, intended to be sold approximately on 08/15/2025 on the NYSE. The reported securities were acquired on 01/31/2025 as an Executive PSU Share Grant originally granted 01/07/2022, and the acquisition source is listed as Walmart Inc.

The filing also lists recent open-market sales by Daniel J Bartlett of 1,778, 1,760, and 1,744 shares on 05/15/2025, 06/16/2025, and 07/15/2025 respectively, with gross proceeds shown for each sale. The form includes the standard signature attestation about lack of undisclosed material adverse information but does not provide additional commentary or plan-adoption dates.

Positive

• Proposed sale is fully disclosed with broker, planned date, and aggregate market value specified
• Acquisition source and nature are documented (Executive PSU Share Grant acquired 01/31/2025)

Negative

• Insider sales reported (1,655 proposed sale plus three recent sales of 1,778; 1,760; 1,744 shares) which may attract investor attention
• No 10b5-1 plan adoption date is provided in the form, so reliance on a prearranged trading plan is not documented

Insights

Securities Analyst

TL;DR: Routine insider sale disclosure; small in absolute and relative terms to Walmart's outstanding shares.

The Form 144 notifies the market of a proposed sale of 1,655 shares valued at $166k and documents prior monthly sales by the same named individual. Given Walmart's reported outstanding share count of 7,980,418,164 in the filing, these transactions represent an immaterial fraction of total equity, suggesting limited direct impact on valuation. The filing is consistent with Rule 144 mechanics for reporting restricted or control-holder sales and provides the broker and planned sale date, which supports transparency.

Corporate Governance Expert

TL;DR: Disclosure meets routine insider-reporting expectations; no governance red flags are evident in the form.

The document shows acquisition via executive PSU grant and subsequent sales reported under Rule 144, which is standard for insiders monetizing compensation awards. The presence of multiple recent sales by Daniel J Bartlett is disclosed, but the form lacks any indication of reliance on a 10b5-1 plan or an explicit plan-adoption date. The attestation about material nonpublic information is included, aligning with compliance norms. Absent additional context, there is no evidence in this filing of unusual governance issues.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Stephens Inc. 111 Center St Little Rock AR 72201	1655	166035.90	7980418164	08/15/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/31/2025	Executive PSU Share Grant 1/7/2022	Walmart Inc.			46591	01/31/2025	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Daniel J Bartlett 1 Customer Dr Bentonville AR 72716	Common	05/15/2025	1778	166721.00
Daniel J Bartlett 1 Customer Dr Bentonville AR 72716	Common	06/16/2025	1760	166702.00
Daniel J Bartlett 1 Customer Dr Bentonville AR 72716	Common	07/15/2025	1744	166634.25

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Walmart's (WMT) Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 1,655 common shares through Stephens Inc. valued at $166,035.90, with an approximate sale date of 08/15/2025 on the NYSE.

Who acquired the securities being sold and how were they acquired?

The securities were acquired on 01/31/2025 as an Executive PSU Share Grant (grant dated 01/07/2022) and the seller source is listed as Walmart Inc.

Have there been recent sales by the same person prior to this Form 144?

Yes. The filing lists three sales by Daniel J Bartlett: 1,778 shares on 05/15/2025, 1,760 shares on 06/16/2025, and 1,744 shares on 07/15/2025 with gross proceeds shown for each.

What exchange will the proposed sale occur on?

The proposed sale is listed to occur on the NYSE.

Does the filing indicate reliance on a Rule 10b5-1 trading plan?

The form includes a section for plan adoption or instruction date, but no plan-adoption date is provided in the content supplied.