[144] Walmart Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for WMT shows a proposed sale of 210,000 shares of common stock through Goldman Sachs & Co. LLC with an aggregate market value of $20,176,800 and an approximate sale date of 08/28/2025. The filing lists 7,980,418,164 shares outstanding. The securities to be sold were recorded as acquired by charitable contribution from Jim C. Walton, with an acquisition date shown as 08/28/2025 and donor acquisition date 08/26/2025. The notice also discloses multiple prior sales by Walton-related entities between May and August 2025, including individual transactions with proceeds ranging from roughly $2.7 million to $249.6 million.

Positive

• Transparent disclosure of the proposed 210,000-share sale, including broker, sale date, and aggregate market value
• Detailed history of prior related-party sales between May and August 2025, with gross proceeds disclosed

Negative

• Multiple large sales by Walton-related entities are listed in a short period, including transactions with gross proceeds up to $249,600,713
• Acquisition dates in the table appear atypical (acquired 08/28/2025 with donor acquisition 08/26/2025), which may require clarification from the filer

Insights

Securities Analyst

TL;DR: Significant insider-affiliated sales and a proposed 210,000-share Rule 144 sale are disclosed; material by size but routine in form.

The filing documents a proposed Rule 144 sale of 210,000 shares via Goldman Sachs valued at $20,176,800 with an approximate sale date of 08/28/2025. Acquisition is reported as a charitable contribution from Jim C. Walton. The supplemental table lists numerous substantial sales by Walton-related entities from 05/28/2025 through 08/27/2025, with gross proceeds on individual trades ranging from ~$2.73 million to ~$249.6 million. For analysts, the filing is primarily a transparency disclosure of insider-related transfers and recent block sales rather than operational or financial performance data.

Corporate Governance Expert

TL;DR: Filing provides required insider-sale disclosure, showing concentrated selling activity by Walton-affiliated entities.

The notice complies with Rule 144 disclosure by identifying the broker, share count, aggregate value, and seller relationship elements. It records the securities as acquired via charitable contribution from Jim C. Walton and lists multiple prior sales by related foundations and trusts across May to August 2025. This pattern documents substantial disposition activity by related parties; the filing itself is procedural and does not present new corporate governance actions or management changes.

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	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	210000	20176800	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	08/28/2025	Charitable Contribution	(1) Jim C. Walton		08/26/2025	210000	08/28/2025	None

* 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
Wartime History Museum 1 Customer Drive Bentonville AR 72716	Common Stock	05/28/2025	28000	2729759.2
Walton Family Foundation, Inc. 1 Customer Drive Bentonville AR 72716	Common Stock	05/28/2025	17000	1657353.8
Walton Family Holdings Trust 1 Customer Drive Bentonville AR 72716	Common Stock	05/29/2025	2570000	249600713
Town Branch Foundation 1 Customer Drive Bentonville AR 72716	Common Stock	06/02/2025	755000	74693131.5
Walton Family Holdings Trust 1 Customer Drive Bentonville AR 72716	Common Stock	06/02/2025	1016000	100432401.88
Walton Family Foundation, Inc. 1 Customer Drive Bentonville AR 72716	Common Stock	06/06/2025	1843816	179743112.09
Walton Family Foundation, Inc. 1 Customer Drive Bentonville AR 72716	Common Stock	06/09/2025	1820104	177373685.06
Walton Family Foundation, Inc. 1 Customer Drive Bentonville AR 72716	Common Stock	06/10/2025	1007080	97530159.06
Walton Family Holdings Trust 1 Customer Drive Bentonville AR 72716	Common Stock	06/24/2025	3035258	298092991.71
Walton Family Holdings Trust 1 Customer Drive Bentonville AR 72716	Common Stock	06/25/2025	321361	31545631.3
Walton Family Holdings Trust 1 Customer Drive Bentonville AR 72716	Common Stock	06/27/2025	378639	36923293.74
Walton Family Holdings Trust 1 Customer Drive Bentonville AR 72716	Common Stock	08/22/2025	565627	55095633.25
Walton Family Holdings Trust 1 Customer Drive Bentonville AR 72716	Common Stock	08/25/2025	317287	30679558.81
Walton Family Holdings Trust 1 Customer Drive Bentonville AR 72716	Common Stock	08/26/2025	688586	66138134.43
Walton Family Holdings Trust 1 Customer Drive Bentonville AR 72716	Common Stock	08/27/2025	398852	38325888.11

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 WMT disclose?

The filing discloses a proposed sale of 210,000 WMT shares via Goldman Sachs with aggregate market value $20,176,800 and approximate sale date 08/28/2025.

Who is reported as the source of the securities to be sold?

The securities are reported as acquired by charitable contribution from Jim C. Walton with a listed acquisition date of 08/28/2025 and donor acquisition date 08/26/2025.

How many shares outstanding does the filing report for the issuer?

The filing lists 7,980,418,164 shares outstanding for the issuer.

Does the filing show other recent sales by related parties?

Yes. The filing lists multiple sales by Walton-related entities from 05/28/2025 through 08/27/2025, with gross proceeds per transaction ranging from about $2.7 million to $249.6 million.

Which broker is named to execute the proposed sale?

The named broker is Goldman Sachs & Co. LLC, located at 200 West Street, New York, NY.