Walmart (NYSE: WMT) moves to delist common stock and multiple note issues

Rhea-AI Filing Summary

Walmart Inc. has filed a Form 25 to remove certain securities from listing and/or registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934. The filing lists Walmart’s common stock, par value $0.10 per share, along with multiple series of notes, including 2.550% Notes due 2026, 1.050% Notes due 2026, 1.500% Notes due 2028, 4.875% Notes due 2029, 5.750% Notes due 2030, 1.800% Notes due 2031, 5.625% Notes due 2034, 5.250% Notes due 2035, and 4.875% Notes due 2039 as the affected classes of securities. Walmart certifies that it has reasonable grounds to believe it meets all requirements to file Form 25 and that the notification has been signed by a duly authorized senior vice president and chief counsel for finance and governance.

Positive

• None.

Negative

• Walmart files Form 25 to remove its common stock and multiple note series from listing and/or registration on the New York Stock Exchange under Section 12(b).

Insights

Equity & Listings Analyst

Walmart files Form 25 to delist common stock and several note series from NYSE.

Walmart Inc. submitted a Form 25 to remove its common stock, par value $0.10 per share, and multiple outstanding note series from listing and/or registration on the New York Stock Exchange under Section 12(b) of the Exchange Act. A Form 25 is the formal mechanism used to delist a security from a national exchange or terminate its registration under that section.

The listed securities include various Walmart notes such as the 2.550% Notes due 2026, 1.050% Notes due 2026, 1.500% Notes due 2028, 4.875% Notes due 2029, 5.750% Notes due 2030, 1.800% Notes due 2031, 5.625% Notes due 2034, 5.250% Notes due 2035, and 4.875% Notes due 2039. Walmart also states that it has complied with applicable exchange rules and regulatory requirements for the withdrawal.

The filing is signed by a senior vice president and chief counsel for finance and governance, confirming that Walmart believes it meets all conditions to file Form 25. Actual market impact will depend on how and where these securities trade after delisting and any future disclosures about alternate trading venues or registration status.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

________________________

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR

REGISTRATION UNDER SECTION 12(b) OF

THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 001-06991

Walmart Inc.

New York Stock Exchange

_________________________________________________________________________________

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

1 Customer Drive

Bentonville, AR 72716

(479) 273-4000

(Address, including zip code, and telephone number, including area code, of Issuer’s principal executive offices)

Common Stock, par value $0.10 per share

2.550% Notes due 2026

1.050% Notes due 2026

1.500% Notes due 2028

4.875% Notes due 2029

5.750% Notes due 2030

1.800% Notes due 2031

5.625% Notes due 2034

5.250% Notes due 2035

4.875% Notes due 2039

(Description of class of securities)

________________________________

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

☐    17 CFR 240.12d2-2(a)(1)

☐    17 CFR 240.12d2-2(a)(2)

☐    17 CFR 240.12d2-2(a)(3)

☐    17 CFR 240.12d2-2(a)(4)

☐    Pursuant to 17 CFR 240.12d2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange.1

☒ Pursuant to 17 CFR 240.12d202(c), the Issuer has complied with the rules of the Exchange and requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements of the Securities Exchange Act of 1934, Walmart Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

December 8, 2025			By: /s/Gordon Y. Allison			Senior Vice President, Office of the Corporate Secretary, and Chief Counsel for Finance and Governance
Date			Name			Title

1 Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

FAQ

What did Walmart Inc. (WMT) announce in this Form 25 filing?

Walmart Inc. filed a Form 25 to remove certain securities from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934 on the New York Stock Exchange.

Which Walmart (WMT) securities are identified in the Form 25?

The filing lists Walmart’s common stock, par value $0.10 per share, and several note series, including 2.550% Notes due 2026, 1.050% Notes due 2026, 1.500% Notes due 2028, 4.875% Notes due 2029, 5.750% Notes due 2030, 1.800% Notes due 2031, 5.625% Notes due 2034, 5.250% Notes due 2035, and 4.875% Notes due 2039.

What is the purpose of a Form 25 filing for Walmart (WMT)?

A Form 25 is used to remove a class of securities from listing and/or registration on a national exchange under Section 12(b). Walmart is using it in connection with the NYSE listing of the specified securities.

Did Walmart certify compliance with requirements for filing Form 25?

Yes. Walmart states that it has reasonable grounds to believe it meets all requirements for filing Form 25 and that the notification is signed by a duly authorized senior vice president and chief counsel for finance and governance.

Who signed Walmart’s Form 25 delisting notification?

The notification was signed on behalf of Walmart Inc. by Gordon Y. Allison, who is identified as Senior Vice President, Office of the Corporate Secretary, and Chief Counsel for Finance and Governance.

Does the Form 25 indicate the exchange involved for Walmart (WMT)?

Yes. The filing identifies the New York Stock Exchange as the exchange where the listed and/or registered Walmart securities are being removed under Section 12(b).