[144] Walmart Inc. SEC Filing

Rhea-AI Filing Summary

Walmart Inc. (WMT) Rule 144 notice shows a proposed sale of 12,000 common shares through Merrill Lynch on 09/19/2025 with an aggregate market value of $1,231,800. The shares were acquired as an equity award on 03/07/2022 and paid in cash. The filer also reported three recent sales in the past three months: 4,000 shares on 06/20/2025 (gross proceeds $380,760), 4,000 on 07/21/2025 ($380,360), and 4,000 on 08/18/2025 ($403,640). The notice discloses the number of outstanding shares as 7,972,851,122, indicating the proposed sale is very small relative to total shares outstanding.

Positive

• Full disclosure of acquisition date, broker, planned sale date, and recent sales history
• Proposed sale size (12,000 shares) is negligible relative to outstanding shares (7,972,851,122)

Negative

• No 10b5-1 trading plan date is indicated in the filing (field left blank)

Insights

Securities Analyst

TL;DR: Routine insider sale filing; size is immaterial to equity base.

The Form 144 documents a planned sale of 12,000 Walmart common shares acquired as an equity award in 2022, with prior small disposals in June, July and August 2025. Given the disclosed outstanding share count of 7,972,851,122, the proposed sale represents a de minimis fraction of the float and is unlikely to move market pricing. The filing meets disclosure requirements by identifying broker, acquisition date, and recent sales.

Compliance / Corporate Governance Expert

TL;DR: Filing appears compliant with Rule 144 formalities and includes required sales history.

The notice includes key Rule 144 elements: acquisition details (equity award), broker information (Merrill Lynch), planned sale date, and recent three-month sales history with gross proceeds. The signer asserts no undisclosed material nonpublic information. No 10b5-1 plan date is provided. Documentation as presented fulfills standard reporting obligations for an insider sale.

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	Merrill Lynch 300 Crescent Ct, Ste 1300 Dallas TX 75201	12000	1231800	7972851122	09/19/2025	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	03/07/2022	Equity Award	Issuer			12000	03/07/2022	Cash

* 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
Kathryn J McLay 1 Customer Drive Bentonville AR 72176	Common	06/20/2025	4000	380760
Kathryn J McLay 1 Customer Drive Bentonville AR 72176	Common	07/21/2025	4000	380360
Kathryn J McLay 1 Customer Drive Bentonville AR 72176	Common	08/18/2025	4000	403640

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 the Form 144 for WMT disclose about the planned sale?

The form discloses a proposed sale of 12,000 common shares via Merrill Lynch on 09/19/2025 with an aggregate market value of $1,231,800.

When were the shares being sold by the filer acquired?

The shares were acquired as an equity award on 03/07/2022 and payment was by cash.

Has the filer sold other Walmart (WMT) shares recently?

Yes. The filer sold 4,000 shares on 06/20/2025 (proceeds $380,760), 4,000 on 07/21/2025 ($380,360), and 4,000 on 08/18/2025 ($403,640).

How large is the proposed sale compared with Walmart's outstanding shares?

The filing lists 7,972,851,122 shares outstanding, so the proposed 12,000-share sale is an immaterial fraction of total shares.

Who is the broker handling the proposed sale?

The broker listed is Merrill Lynch, 300 Crescent Ct, Ste 1300, Dallas TX 75201.