[144] Walmart Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Walmart Inc. (WMT): The filer intends to sell 39,375 common shares through Charles Schwab (Westlake, TX) with an aggregate market value of $4,084,86909/18/2025 on the NYSE. These shares were acquired as a stock award from the issuer on 01/31/2025. The filing discloses prior sales by the same person, John R. Furner: 13,125 shares sold on 07/17/2025 for $1,248,654 and 13,125 shares sold on 08/21/2025 for $1,293,508. The filer certifies no undisclosed material adverse information and references Rule 10b5-1 procedures where applicable.

Positive

• Clear compliance with Rule 144 disclosure requirements including broker, number of shares, and aggregate market value
• Transparency on acquisition: shares were acquired as a stock award with acquisition and payment dates disclosed
• Prior sales disclosed, showing historical transaction details and gross proceeds

Negative

• Insider selling may be viewed negatively by some investors despite being immaterial in size
• No date provided for the notice signature or plan adoption, so Rule 10b5-1 plan status is not documented in this filing

Insights

Financial Analyst

TL;DR: Routine insider sale of recently awarded shares; modest relative size versus total shares outstanding.

The notice shows a proposed sale of 39,375 shares valued at about $4.08 million, following two prior sales totaling 26,250 shares for $2.54 million. Compared with the reported 7,972,851,122 shares outstanding, these transactions are immaterial to Walmart's market capitalization. The filing provides required transparency on timing, acquisition method (stock award), and broker, supporting market disclosure norms.

Corporate Governance Expert

TL;DR: Disclosure aligns with insider trading rules; no evidence here of trading-plan specifics or material nonpublic information.

The form states acquisition via stock award and the intended sale date, and includes the standard certification regarding material adverse information and Rule 10b5-1 plan adoption field (no plan date provided). This is a standard compliance filing that documents insider liquidity but does not by itself indicate governance concerns or policy breaches.

09/18/2025 - 11:03 AM

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	CHARLES SCHWAB CORP 3000 SCHWAB WAY WESTLAKE TX 76262	39375	4084869.00	7972851122	09/18/2025	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	STOCK AWARD	ISSUER			39375	01/31/2025	NA

* 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
JOHN R FURNER 1 Customer Drive Bentonville AR 72716	COMMON	07/17/2025	13125	1248654.00
JOHN R FURNER 1 Customer Drive Bentonville AR 72716	COMMON	08/21/2025	13125	1293508.00

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

How many Walmart (WMT) shares are proposed for sale in this Form 144?

The filing proposes the sale of 39,375 common shares with an aggregate market value of $4,084,869.

When is the approximate sale date and on which exchange will the WMT shares be sold?

The approximate date of sale is 09/18/2025 and the shares are listed to be sold on the NYSE.

How were the 39,375 Walmart shares acquired?

The shares were acquired as a stock award from the issuer on 01/31/2025.

What prior sales by the same person are disclosed in the filing?

The filing reports two prior sales by John R. Furner: 13,125 shares on 07/17/2025 for $1,248,654 and 13,125 shares on 08/21/2025 for $1,293,508.

Which broker is handling the proposed sale?

The broker named in the filing is Charles Schwab Corp, address listed as 3000 Schwab Way, Westlake, TX 76262.