[144] Walmart Inc. SEC Filing

Rhea-AI Filing Summary

Walmart Inc. (WMT) Form 144 shows a proposed sale of 58,248 shares of common stock through Arvest Wealth Management on 08/28/2025. The shares were acquired on 03/07/2022 as equity grants from Walmart Inc.; the filer records 116,568 shares acquired and indicates payment was all paid in full on 01/31/2024. The filing lists two recent sales by C. Douglas McMillon of 19,416 shares each on 06/26/2025 and 07/24/2025, with gross proceeds of $1,887,011.72 and $1,855,839.74 respectively. The filer affirms no undisclosed material adverse information.

Positive

• Clear disclosure of proposed sale date, broker, number of shares, and acquisition history
• Detailed past sales are reported with dates and gross proceeds, enhancing transparency
• Attestation that the filer does not possess undisclosed material adverse information

Negative

• Insider selling activity: proposed sale of 58,248 shares and recent sales may be viewed negatively by some investors
• Form lacks context about any trading plan adoption date (Rule 10b5-1) which could clarify timing

Insights

Securities Analyst

TL;DR: Routine insider sale notice disclosing planned sale and recent dispositions; transaction sizes are immaterial relative to shares outstanding.

The Form 144 documents a planned sale of 58,248 Walmart shares executed through a broker on 08/28/2025 and notes recent sales in June and July 2025. Acquisition of the shares sold traces to equity grants on 03/07/2022. Given the issuer's large share count (7,980,418,164 outstanding) these reported transactions represent a very small percentage of total equity and are typical periodic dispositions by an insider. The filing provides required transparency but does not contain operational or financial performance details.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; signature attestation preserves compliance with trading rules and anti-fraud representations.

The notice includes the standard attestation that the filer is not aware of material nonpublic information and references Rule 10b5-1 plan language without indicating a plan date. The document identifies broker details and exact proceeds from recent sales, which supports governance transparency. There is no indication of unusual timing or concentration that would raise governance red flags in this filing alone.

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 Stock	Arvest Wealth Management 405 S. Walton Blvd. Bentonville AR 72712	58248	5640153.84	7980418164	08/28/2025	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 Stock	03/07/2022	Equity grants pursuant to the issuers equity compensation plans	Walmart Inc.			116568	01/31/2024	All paid in full.

* 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
C. Douglas McMillon 702 S.W. 8th Street Bentonville AR 72716	Common Stock	07/24/2025	19416	1855839.74
C. Douglas McMillon 702 S.W. 8th Street Bentonville AR 72716	Common Stock	06/26/2025	19416	1887011.72

144: Remarks and Signature

Remarks

Date of Notice

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 the Form 144 filed for Walmart (WMT) disclose?

The notice discloses a proposed sale of 58,248 shares through Arvest Wealth Management on 08/28/2025, the shares were acquired as equity grants on 03/07/2022.

Who is the seller identified in the filing?

The recent sales listed name C. Douglas McMillon with address in Bentonville, AR; the Form 144 shows proposed sale activity for the person whose account is referenced.

Were there any recent sales by the insider in the past three months?

Yes. Two sales of 19,416 shares each on 06/26/2025 and 07/24/2025 with gross proceeds of $1,887,011.72 and $1,855,839.74 respectively.

How were the shares being sold originally acquired?

The shares were acquired on 03/07/2022 as equity grants pursuant to Walmart's equity compensation plans.

Does the filing state whether the filer knows any material nonpublic information?

Yes. By signing the notice the filer represents they do not know any material adverse information regarding the issuer that has not been publicly disclosed.