Planned share sale: Walmart (NYSE: WMT) EVP trims stake

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Nicholas Christopher James sold a total of 2,900 shares of Walmart common stock in open-market transactions. The sales took place on April 16, 2026 at weighted average prices of $124.37 and $125.51 per share.

The filing states the sale was executed under a pre-arranged Rule 10b5-1 trading plan that was entered into during an open trading window and previously disclosed on Form 8-K. Following these transactions, he continues to hold about 596,008 shares of Walmart stock directly.

Insider Trade Summary 10b5-1

Net Seller: 2,900 shares ($361,696)

Net Sell 2 txns

Insider Nicholas Christopher James

Role Executive Vice President

Sold 2,900 shs ($362K)

Type	Security	Shares	Price	Value
Sale	Common	2,003	$124.37	$249K
Sale	Common	897	$125.51	$113K

Holdings After Transaction: Common — 596,904.977 shares (Direct)

Footnotes (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 $124.00 to $124.81 , 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. This transaction was executed in multiple trades at prices ranging from $124.97 to $125.87, 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 total: 2,900 shares First sale weighted average price: $124.37 per share Second sale weighted average price: $125.51 per share +3 more

6 metrics

Shares sold total 2,900 shares Open-market sales on April 16, 2026

First sale weighted average price $124.37 per share 2,003 shares of Walmart common stock

Second sale weighted average price $125.51 per share 897 shares of Walmart common stock

Shares held after transactions 596,007.977 shares Direct holdings following April 16, 2026 sales

Net buy/sell shares -2,900 shares Net-sell direction in transaction summary

Sell transactions count 2 transactions Both coded as open-market sales (S)

Key Terms

Rule 10b5-1 plan, weighted average sale price, Form 8-K, open trading window, +1 more

5 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..."

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

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

Form 8-K regulatory

"and 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.

open trading window regulatory

"a Rule 10b5-1 plan that was entered into by the Reporting Person during an open trading window..."

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.

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 05:02 PM

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^*

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)
04/16/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common	04/16/2026		S		2,003⁽¹⁾	D	$124.37⁽²⁾	596,904.977	D
Common	04/16/2026		S		897⁽¹⁾	D	$125.51⁽³⁾	596,007.977	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $124.00 to $124.81 , 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.

3. This transaction was executed in multiple trades at prices ranging from $124.97 to $125.87, 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/ Mary Marshall, by power of attorney	04/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Walmart (WMT) Executive Vice President Nicholas Christopher James report in this Form 4?

Nicholas Christopher James reported selling 2,900 shares of Walmart common stock in open-market transactions. The trades occurred on April 16, 2026 under a pre-arranged Rule 10b5-1 plan, and he still directly holds about 596,008 Walmart shares after the sales.

How many Walmart (WMT) shares did the executive sell and at what prices?

The executive sold 2,900 Walmart common shares in total. One block of 2,003 shares carried a weighted average price of $124.37, and another 897 shares carried a weighted average price of $125.51, reflecting multiple trades within each reported price range.

Was the Walmart (WMT) insider sale part of a Rule 10b5-1 trading plan?

Yes. The filing states the sale was executed under a Rule 10b5-1 trading plan entered into during an open trading window. Walmart had previously disclosed this plan on Form 8-K dated December 29, 2025, indicating the transactions were pre-planned rather than opportunistic.

How many Walmart (WMT) shares does Nicholas Christopher James hold after these transactions?

After the reported sales, Nicholas Christopher James directly holds about 596,007.977 Walmart common shares. This remaining position shows that the 2,900 shares sold represent a small portion of his overall direct Walmart ownership as disclosed in this Form 4 filing.

How were the sale prices for the Walmart (WMT) insider transactions determined?

Each reported price is a weighted average sale price for multiple trades executed within a price range. One transaction ranged from $124.00 to $124.81 and the other from $124.97 to $125.87. The insider undertakes to provide full trade details upon request.