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Walmart (NYSE: WMT) CTO sets pre-planned 10b5-1 stock sale program

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Walmart Inc. disclosed that Suresh Kumar, its Executive Vice President, Global Chief Technology Officer and Chief Development Officer, has adopted a pre-arranged stock trading plan under SEC Rule 10b5-1 as part of his long-term diversification, tax, and financial planning strategy.

Beginning on June 29, 2026 through December 31, 2026, the plan provides for sales of approximately 33,270 shares of Walmart common stock each month, subject to a minimum stock price threshold, with a maximum of 199,610 shares eligible for sale. Any unsold shares due to the threshold not being met may carry over to later months.

The company states that Mr. Kumar will have no discretion over the timing or execution of trades under the plan and that he remains subject to stock ownership guidelines requiring holdings equal to at least five times his base salary. Following each sale under the plan, he is expected to continue meeting these ownership requirements, and any transactions will be reported on Forms 144 and 4 as required.

Positive

  • None.

Negative

  • None.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
________________________

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported)
March 27, 2026
Walmart Inc.
(Exact name of registrant as specified in its charter)
DE
001-06991
71-0415188
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
1 Customer Drive
Bentonville, AR 72716
(Address of Principal Executive Offices) (Zip code)

Registrant's telephone number, including area code: (479) 273-4000


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.10 per shareWMTThe Nasdaq Stock Market LLC
2.550% Notes due 2026WMT26The Nasdaq Stock Market LLC
1.050% Notes due 2026WMT26AThe Nasdaq Stock Market LLC
1.500% Notes due 2028WMT28CThe Nasdaq Stock Market LLC
4.875% Notes due 2029WMT29BThe Nasdaq Stock Market LLC
5.750% Notes due 2030WMT30BThe Nasdaq Stock Market LLC
1.800% Notes due 2031WMT31AThe Nasdaq Stock Market LLC
5.625% Notes due 2034WMT34The Nasdaq Stock Market LLC
5.250% Notes due 2035WMT35AThe Nasdaq Stock Market LLC
4.875% Notes due 2039WMT39The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 8.01. Other Events.
On March 27, 2026, the Company was informed that Suresh Kumar, Executive Vice President, Global Chief Technology Officer and Chief Development Officer, entered into a stock trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Plan”). Rule 10b5-1 trading plans permit individuals who are not in possession of material non-public information to adopt a written pre-arranged plan for transactions in securities under specified conditions and for specified periods of time. The Plan is part of an individual long-term asset diversification, tax, and financial planning strategy, and is in accordance with the Company’s Insider Trading Policy. Under the terms of the Plan, Mr. Kumar will have no discretion or control over the timing or effectuation of any transactions in Company securities pursuant to the Plan.
Under the terms of the Plan, Mr. Kumar will sell approximately 33,270 shares of the Company’s common stock each month beginning on June 29, 2026 through December 31, 2026, subject to a minimum stock price threshold. In the event that a sale does not occur during one or more of the months during the duration of the Plan due to the minimum stock price threshold having not been met, the shares shall be carried over to the next month under the Plan on which the minimum stock price threshold is met. The maximum aggregate number of shares of common stock that may be sold under the Plan is 199,610.
Mr. Kumar continues to be subject to the Company’s stock ownership guidelines, under which he is required to hold Company stock equal in value to at least five times his base salary. Upon the conclusion of each sale transaction under the Plan, Mr. Kumar will continue to satisfy the requirements of the Company’s stock ownership guidelines.
Any transactions under the Plan will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission to the extent required by law.




SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 27, 2026
WALMART INC.
By:/s/ Joseph M. Ruschell
Name:Joseph M. Ruschell
Title:Senior Vice President and Chief Counsel, Office of the Corporate Secretary



FAQ

What did Walmart (WMT) disclose about Suresh Kumar's stock trading plan?

Walmart disclosed that Suresh Kumar adopted a Rule 10b5-1 stock trading plan. The plan pre-arranges potential sales of Walmart shares over a defined period, aiming to support his long-term diversification, tax, and financial planning while following the company’s insider trading policy.

How many Walmart shares may Suresh Kumar sell under the 10b5-1 plan?

Under the plan, Suresh Kumar may sell up to a maximum of 199,610 Walmart common shares. The structure calls for about 33,270 shares each month, with sales subject to a minimum stock price threshold before any transaction can occur.

Over what period will Suresh Kumar's planned Walmart share sales occur?

The plan schedules potential monthly sales from June 29, 2026 through December 31, 2026. Shares not sold in any month because the minimum price is not reached can be carried over to the next eligible month within this timeframe.

Are Suresh Kumar's Walmart stock sales discretionary under this 10b5-1 plan?

No. Under the plan’s terms, Suresh Kumar will have no discretion or control over the timing or execution of transactions. Trades follow the written pre-arranged instructions, provided the minimum stock price threshold and other plan conditions are satisfied.

Will Suresh Kumar meet Walmart’s stock ownership guidelines after these planned sales?

Yes. Walmart states that after each sale under the plan, Suresh Kumar will continue to satisfy its stock ownership guidelines. Those guidelines require him to hold Walmart stock valued at least five times his base salary, even after the scheduled transactions.

How will investors be informed about trades under Suresh Kumar's Walmart 10b5-1 plan?

Any transactions under the plan will be reported through required SEC filings, specifically Forms 144 and 4, when applicable. These filings will provide public transparency regarding the volume and timing of any actual stock sales executed under the pre-arranged plan.

Filing Exhibits & Attachments

4 documents
Walmart

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