[144] Walmart Inc. SEC Filing

Rhea-AI Filing Summary

Walmart Inc. (WMT) Form 144 notifies the proposed sale of 758,000 shares of common stock through Goldman Sachs & Co. LLC with an aggregate market value of $76,110,780, scheduled approximately for 09/10/2025 on the NYSE. The filing states the shares were acquired via a charitable contribution from S. Robson Walton on 09/08/2025 and the reported acquisition date for the securities to be sold is 09/10/2025. The filing also lists multiple sales of Walmart common stock by Walton-related entities during the past three months, showing large aggregate proceeds across several dates and sellers.

Positive

• Disclosure compliance: The filer provides a detailed Rule 144 notice ensuring regulatory transparency.
• Charitable origin: The 758,000-share lot is reported as acquired via a charitable contribution, indicating non-commercial origin for this block.

Negative

• Significant insider-related selling: Multiple recent sales by Walton-related entities generated substantial gross proceeds, which may be viewed negatively by some investors.
• Concentration risk: Large aggregate dispositions from related parties could influence market perception of insider alignment with shareholders.

Insights

Securities Analyst

TL;DR: Insider-related sales totaling large proceeds reported; a proposed charitable-origin sale of 758,000 shares is scheduled for 09/10/2025.

The filing documents a proposed Rule 144 sale of 758,000 WMT shares valued at about $76.1 million, originating from a charitable contribution by S. Robson Walton. The notice identifies multiple recent sales by Walton-affiliated entities that generated substantial gross proceeds, indicating ongoing disposition activity by insiders or related holders. For investors, repeated large-volume sales by controlling-family vehicles can affect market perception of insider demand, though Form 144 filings alone do not prove economic motives. This is a routine regulatory disclosure under Rule 144.

Corporate Governance Specialist

TL;DR: The filing is a routine disclosure of proposed insider-related transfers and prior dispositions; it raises governance transparency points but no legal issues stated.

The document shows transparent compliance with Rule 144 reporting for planned and recent dispositions by Walton-related entities. The immediate charitable-origin acquisition noted for the 758,000-share block is documented, and numerous prior sales by trusts and foundations are itemized with dates and gross proceeds. The filing contains the required representation that the seller lacks undisclosed material information. No adverse governance events or regulatory violations are disclosed in this notice.

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	758000	76110780	7972851122	09/10/2025	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	09/10/2025	Charitable Contribution	(1) S. Robson Walton		09/08/2025	758000	09/10/2025	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
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
WPS2 Fund 1 Customer Drive Bentonville AR 72716	Common Stock	08/28/2025	73422	7066948.26
Walton Family Holdings Trust 1 Customer Drive Bentonville AR 72716	Common Stock	08/28/2025	767418	73842725.02
WPS2 Fund 1 Customer Drive Bentonville AR 72716	Common Stock	08/29/2025	136578	13197381.9
Walton Family Holdings Trust 1 Customer Drive Bentonville AR 72716	Common Stock	08/29/2025	1371230	132498526.83

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 Walmart's (WMT) Form 144 filed here report?

The Form 144 reports a proposed sale of 758,000 shares of Walmart common stock valued at $76,110,780, scheduled for 09/10/2025 through Goldman Sachs & Co. LLC.

Who is the source of the shares to be sold in this Form 144 for WMT?

The filing states the shares were acquired by charitable contribution from S. Robson Walton with a donor acquisition date of 09/08/2025.

Have there been recent related-party sales of WMT shares?

Yes. The filing lists multiple sales by Walton-related entities in the past three months with individual transactions dated between 06/10/2025 and 08/29/2025, producing substantial gross proceeds per entry.

Through which broker is the proposed sale being arranged?

The proposed sale is to be executed through Goldman Sachs & Co. LLC on the NYSE.

Does the Form 144 state any undisclosed material information about Walmart?

By signing the notice, the person for whose account the securities are to be sold represents they do not know any material adverse information about the issuer that has not been publicly disclosed.