[144] Walmart Inc. SEC Filing

Rhea-AI Filing Summary

Walmart Inc. (WMT) – Form 144 filing: Executive Daniel J. Bartlett has filed a Notice of Proposed Sale of Securities pursuant to Rule 144. The filing discloses an intended sale of 1,744 common shares through Stephens Inc. on 15 July 2025. At the reference market price, the shares are valued at approximately $166,634.

The shares were acquired via an Executive PSU Share Grant dated 7 Jan 2022 and became available on 31 Jan 2025. Walmart reports 7.98 billion shares outstanding, so the proposed sale represents less than 0.0001% of total shares—an immaterial dilution.

The filing also lists Bartlett’s recent Rule 144 sales over the past three months: 1,760 shares on 15 Apr 2025; 1,778 shares on 15 May 2025; and 1,760 shares on 16 Jun 2025, each generating gross proceeds of roughly $167 k. Taken together, these past sales total 5,298 shares (≈$500 k).

Key takeaways:

• The transaction is routine insider liquidity and does not signal material corporate developments.
• No adverse, non-public information is acknowledged; the filer certifies full public disclosure.
• Because the amount is negligible relative to float and market cap, the filing is unlikely to affect valuation or liquidity.

Insights

Corporate Governance Expert

TL;DR: Small, routine insider sale; no governance red flags, negligible market impact.

The Form 144 reflects normal diversification by an executive rather than a strategic shift. Bartlett’s aggregate planned and recent sales equal roughly 7,000 shares—trivial versus Walmart’s multibillion share float. No pattern of accelerated disposal or cluster selling among multiple insiders is evident, reducing governance concern. Certification affirms no undisclosed negative information. Overall, this filing is administratively important but financially immaterial.

Portfolio Manager

TL;DR: Transaction size is de minimis; should not influence portfolio weighting decisions.

The $167 k sale is microscopic relative to Walmart’s $500 bn+ market cap. Liquidity in WMT averages several million shares daily, so execution risk is zero. Insider-sale optics can occasionally pressure sentiment, but the frequency and size here are consistent with scheduled selling programs. Unless accompanied by broader insider selling trends or fundamental news, the filing is neutral for price discovery and does not warrant allocation 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	Stephens Inc. 111 Center St Little Rock AR 72201	1744	166634.25	7980418164	07/15/2025	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	04/15/2025	1760	166785.61
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

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 does Daniel J. Bartlett plan to sell under this Form 144?

He intends to sell 1,744 common shares of Walmart.

What is the approximate market value of the proposed insider sale?

The filing lists an aggregate market value of $166,634 for the 1,744 shares.

When is the planned sale date for the Walmart shares?

The approximate date of sale disclosed is 15 July 2025.

Who is the filer in Walmart’s latest Form 144?

The filer is Daniel J. Bartlett, an executive of Walmart Inc.

How does the proposed sale compare with Walmart’s total shares outstanding?

With 7.98 billion shares outstanding, the 1,744-share sale equals less than 0.0001% of the float.

Were there recent insider sales by the same executive?

Yes. Bartlett sold 1,760 shares on 15 Apr 2025, 1,778 shares on 15 May 2025, and 1,760 shares on 16 Jun 2025.