Walmart (WMT) EVP Nicholas Christopher James sells 2,900 shares under 10b5-1 plan

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Nicholas Christopher James reported an open-market sale of 2,900 shares of Walmart common stock at a weighted average price of $118.1904 per share. The transaction was executed under a pre-established Rule 10b5-1 trading plan. After the sale, he directly holds 574,953.269 shares, so the sale represents only a small fraction of his overall position.

Insider Trade Summary 10b5-1

Net Seller: 2,900 shares ($342,752)

Net Sell 1 txn

Insider Nicholas Christopher James

Role Executive Vice President

Sold 2,900 shs ($343K)

Type	Security	Shares	Price	Value
Sale	Common	2,900	$118.1904	$343K

Holdings After Transaction: Common — 574,953.269 shares (Direct, null)

Footnotes (1)

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. This transaction was executed in multiple trades at prices ranging from $118.18 to $118.265 , inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request of the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

Key Figures

Shares sold: 2,900 shares Weighted average sale price: $118.1904 per share Post-transaction holdings: 574,953.269 shares +1 more

4 metrics

Shares sold 2,900 shares Open-market sale of Walmart common stock

Weighted average sale price $118.1904 per share Average price across multiple trade executions

Post-transaction holdings 574,953.269 shares Direct ownership after the reported sale

Price range of trades $118.18–$118.265 per share Range of prices for individual trades in the sale

Key Terms

Rule 10b5-1 plan, open-market sale, weighted average sale price, Form 8-K

4 terms

Rule 10b5-1 plan regulatory

"This sale was executed pursuant to a Rule 10b5-1 plan that was entered into by the Reporting Person during an open trading window"

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.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average sale price financial

"The price reported above reflects the weighted average sale price."

Form 8-K regulatory

"disclosed by the Issuer on Form 8-K on December 29, 2025."

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

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Form 4 Insider Transactions: What Each Field Means →

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)
06/18/2026

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	06/18/2026		S		2,900(1)	D	$118.1904(2)	574,953.269	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 transaction was executed in multiple trades at prices ranging from $118.18 to $118.265 , inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request of the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ Dirk Gardner, by power of attorney	06/22/2026
	** 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)

FAQ

What did Walmart (WMT) executive Nicholas Christopher James report in this Form 4?

He reported selling 2,900 shares of Walmart common stock in an open-market transaction. The weighted average sale price was $118.1904 per share, and the trade was executed under a pre-established Rule 10b5-1 plan.

How many Walmart (WMT) shares does Nicholas Christopher James hold after this sale?

After the reported sale, Nicholas Christopher James directly holds 574,953.269 Walmart common shares. This indicates the 2,900 shares sold represent a relatively small portion of his total reported direct ownership position in the company.

At what price did Nicholas Christopher James sell his Walmart (WMT) shares?

The filing shows a weighted average sale price of $118.1904 per share. Footnotes explain the sale was completed in multiple trades within a price range of $118.18 to $118.265 per share, with the average reported as the transaction price.

Was Nicholas Christopher James’s Walmart (WMT) share sale part of a Rule 10b5-1 plan?

Yes. A footnote states the sale was executed pursuant to a Rule 10b5-1 trading plan. That plan was entered into during an open trading window and previously disclosed by Walmart on a Form 8-K dated December 29, 2025.

What type of transaction is disclosed for Nicholas Christopher James in Walmart (WMT)’s Form 4?

The Form 4 discloses an open-market sale of common stock, coded as “S” for sale. It is a non-derivative transaction involving 2,900 shares of Walmart common stock sold directly by Nicholas Christopher James.