Walton family trust shifts 2.47M Walmart shares

Walton Family Holdings Trust, a major shareholder of Walmart Inc., reported two internal share distributions classified as “other” transactions.

Rhea-AI Filing Summary

Walton Family Holdings Trust, a major shareholder of Walmart Inc., reported two internal share distributions classified as “other” transactions. On June 23, the trust distributed 767,000 shares of common stock for no consideration to a trust beneficiary. On June 24, it distributed an additional 1,703,000 shares, also for no consideration. These are not open-market sales and generated no cash proceeds. After these transfers, the trust’s reported direct holdings were 499,835,752 Walmart common shares, down from 501,538,752 shares before the distributions.

Insider Trade Summary

Other: 2,470,000 shares

Other 2 txns

Insider Walton Family Holdings Trust

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Common	1,703,000	$0.00	$0.00
Other	Common	767,000	$0.00	$0.00

Holdings After Transaction: Common — 499,835,752 shares (Direct)

Footnotes (2)

1. F1. The transaction is a distribution of 767,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust.
2. F2. The transaction is a distribution of 1,703,000 shares of Common Stock, for no consideration, by the Trust to a beneficiary of the Trust.

Key Figures

First distribution: 767,000 shares Second distribution: 1,703,000 shares Total shares distributed: 2,470,000 shares +3 more

6 metrics

First distribution 767,000 shares Common stock distributed on June 23, 2026

Second distribution 1,703,000 shares Common stock distributed on June 24, 2026

Total shares distributed 2,470,000 shares Sum of June 23 and June 24 trust distributions

Price per share $0.0000 per share Reported consideration for each distribution

Holdings after June 23 501,538,752 shares Directly owned after first distribution

Holdings after June 24 499,835,752 shares Directly owned after second distribution

Key Terms

Walton Family Holdings Trust, Form 4, Other acquisition or disposition, beneficiary of the Trust, +1 more

5 terms

Walton Family Holdings Trust financial

"by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust."

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Other acquisition or disposition financial

"transaction_code_description": "Other acquisition or disposition""

beneficiary of the Trust financial

"by the Trust to a beneficiary of the Trust."

restructuringShares financial

""restructuringShares": 2470000,"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Walton Family Holdings Trust report in this Walmart (WMT) Form 4?

Walton Family Holdings Trust reported two internal share distributions. It distributed 767,000 and 1,703,000 Walmart common shares to a trust beneficiary for no consideration, reducing its reported direct holdings but without any open-market sales or cash proceeds.

How many Walmart (WMT) shares did Walton Family Holdings Trust distribute?

The trust distributed a total of 2,470,000 Walmart shares. This included 767,000 shares on June 23 and 1,703,000 shares on June 24, both transferred for no consideration to a beneficiary of the trust.

Were the Walton Family Holdings Trust Walmart (WMT) transactions open-market sales?

No, the transactions were not open-market sales. They are described as distributions of Walmart common stock by the trust to a beneficiary for no consideration, classified as “Other acquisition or disposition” transactions with a reported price of $0.0000 per share.

How many Walmart (WMT) shares does Walton Family Holdings Trust hold after these transactions?

After the reported distributions, the trust holds 499,835,752 shares. Its reported direct ownership decreased from 501,538,752 Walmart common shares as a result of the two no‑consideration transfers to a trust beneficiary.

What is the transaction code used in the Walmart (WMT) Form 4 for these trust transfers?

The transactions use code “J” for “Other acquisition or disposition.” They are further described as distributions of Walmart common stock by Walton Family Holdings Trust to a beneficiary, with no consideration and no associated open‑market trading activity.

Did Walton Family Holdings Trust receive any cash for the Walmart (WMT) share distributions?

No cash was received for these transactions. The footnotes state the 767,000 and 1,703,000 Walmart common shares were distributed by the trust to a beneficiary “for no consideration,” indicating purely internal transfers within the trust structure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/25/2026 - 05:18 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Walton Family Holdings Trust

(Last) (First) (Middle)

P.O. BOX 1508

(Street)

BENTONVILLE ARKANSAS 72712

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Walmart Inc. [ WMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	06/23/2026		J(1)		767,000(1)	D	$0(1)	501,538,752	D
Common	06/24/2026		J(2)		1,703,000(2)	D	$0(2)	499,835,752	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transaction is a distribution of 767,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust.

2. The transaction is a distribution of 1,703,000 shares of Common Stock, for no consideration, by the Trust to a beneficiary of the Trust.

Remarks:

	/s/ Jennifer F. Rudolph, by Power of Attorney	06/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)