Walmart EVP Christopher James Nicholas sells shares

Each reported price is a weighted average: trades ranged from $119.69 to $120.64 and from $120.74 to $121.23 per share.

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Christopher James Nicholas sold 1,600 common shares at a weighted average of $120.3264 per share and 1,300 shares at a weighted average of $120.9454 per share on October 15, 2026. Both sales were executed under a Rule 10b5-1 plan; the reported prices reflect weighted averages from multiple trades.

Insider Trade Summary 10b5-1

Net Seller: 2,900 shares

Net Sell 2 txns

Insider Nicholas Christopher James

Role Executive Vice President

Sold 2,900 shs ($350K)

Type	Security	Shares	Price	Value
Sale	Common F1, F2	1,600	$120.3264	$193K
Sale	Common F1, F3	1,300	$120.9454	$157K

Holdings After Transaction: Common — 563,353.269 shares (Direct)

Footnotes (3)

1. F1. This sale was executed pursuant to a Rule 10b5-1 plan that was entered into by the Reporting Person during an open trading window and disclosed by the Issuer on Form 8-K on December 29, 2025.
2. F2. This sale was executed in multiple trades at prices ranging from $119.69 to $120.64, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.
3. F3. This sale was executed in multiple trades at prices ranging from $120.74 to $121.23, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.

Key Figures

Shares sold: 1,600 shares Weighted average sale price: $120.3264 per share Shares sold: 1,300 shares +3 more

6 metrics

Shares sold 1,600 shares Sale on October 15, 2026

Weighted average sale price $120.3264 per share Sale on October 15, 2026

Shares sold 1,300 shares Sale on October 15, 2026

Weighted average sale price $120.9454 per share Sale on October 15, 2026

Trade price range $119.69–$120.64 per share Multiple trades for the 1,600-share sale

Trade price range $120.74–$121.23 per share Multiple trades for the 1,300-share sale

Key Terms

Rule 10b5-1 plan, weighted average sale price, open trading window

3 terms

Rule 10b5-1 plan regulatory

"executed pursuant to a Rule 10b5-1 plan"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

weighted average sale price financial

"reflects the weighted average sale price"

open trading window regulatory

"during an open trading window"

A designated period when company executives, directors and certain employees are permitted to buy or sell their employer’s stock under the company’s trading policy because material information has been disclosed. Think of it like scheduled store hours after a big delivery: it reduces the risk of trading on secret information, and investors watch insider activity during these windows as a signal of how those closest to the business view its prospects.

FAQ

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

How many WMT shares did Christopher James Nicholas sell, and at what prices?

Christopher James Nicholas sold 1,600 WMT common shares at a weighted average of $120.3264 per share and 1,300 shares at a weighted average of $120.9454 per share on October 15, 2026.

Were Christopher James Nicholas's WMT sales made under a trading plan?

Yes. Both sales were executed under a Rule 10b5-1 plan entered into during an open trading window and disclosed by Walmart on Form 8-K on December 29, 2025.

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

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Available on EDGAR 10/16/2026 - 04:43 PM EDT Accepted by SEC EDGAR 10/16/2026 - 04:42 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).

X

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^*

Nicholas Christopher James

(Last) (First) (Middle)

1 CUSTOMER DRIVE

(Street)

BENTONVILLE ARKANSAS 72716

(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		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

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	10/15/2026		S		1,600(1)	D	$120.3264(2)	564,653.269	D
Common	10/15/2026		S		1,300(1)	D	$120.9454(3)	563,353.269	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. This sale was executed pursuant to a Rule 10b5-1 plan that was entered into by the Reporting Person during an open trading window and disclosed by the Issuer on Form 8-K on December 29, 2025.

2. This sale was executed in multiple trades at prices ranging from $119.69 to $120.64, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.

3. This sale was executed in multiple trades at prices ranging from $120.74 to $121.23, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ Mary Marshall, by power of attorney	10/16/2026
	** 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)