Walton Family trust trims Walmart (WMT) stake with 461,827-share sale

Rhea-AI Filing Summary

Walton Family Holdings Trust, a ten percent owner of Walmart Inc., reported open-market sales of a combined 461,827 shares of Walmart common stock at prices around $119 per share. The trust executed 254,178 shares on May 27, 2026 and 207,649 shares on May 28, 2026. Following these transactions, the trust still holds 509,387,789 Walmart shares, indicating the sales represent a very small portion of its overall position.

Insights

Equity ownership analyst

Large Walmart holder makes small trim via open-market sales.

Walton Family Holdings Trust sold 461,827 Walmart common shares across two open-market transactions at weighted average prices of about $119.0125 and $119.0540. These are standard open-market sales, not option exercises or tax withholdings.

After the sales, the trust still holds 509,387,789 shares, so the disposals are minor relative to its total stake. The footnotes note that each sale was executed in multiple trades within tight price ranges, typical of large block executions spread across the market.

The filing does not mention trading plans or future intentions, so the information mainly updates public records of this major shareholder’s ownership level. Subsequent company filings may continue to show how this position evolves over time.

Insider Trade Summary

Net Seller: 461,827 shares ($54,973,734)

Net Sell 2 txns

Insider Walton Family Holdings Trust

Role null

Sold 461,827 shs ($54.97M)

Type	Security	Shares	Price	Value
Sale	Common	207,649	$119.0125	$24.71M
Sale	Common	254,178	$119.054	$30.26M

Holdings After Transaction: Common — 509,387,789 shares (Direct, null)

Footnotes (1)

1. This sale was executed in multiple trades at prices ranging from $119.00 to $119.31, 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. This sale was executed in multiple trades at prices ranging from $119.00 to $119.14, 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 May 27, 2026: 254,178 shares Shares sold May 28, 2026: 207,649 shares Total shares sold: 461,827 shares +3 more

6 metrics

Shares sold May 27, 2026 254,178 shares Open-market sale at weighted average price $119.0540

Shares sold May 28, 2026 207,649 shares Open-market sale at weighted average price $119.0125

Total shares sold 461,827 shares Net shares sold across both transactions

Post-transaction holdings 509,387,789 shares Walton Family Holdings Trust Walmart common stock after May 28, 2026 sale

Sale price range (F1) $119.00–$119.31 Multiple trades underlying one sale, weighted average reported

Sale price range (F2) $119.00–$119.14 Multiple trades underlying other sale, weighted average reported

Key Terms

open-market sale, weighted average sale price, ten percent owner, non-derivative, +1 more

5 terms

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."

ten percent owner regulatory

""is_ten_percent_owner": 1"

non-derivative financial

""transaction_type": "non-derivative""

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.

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).

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)
05/27/2026

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	05/27/2026		S		254,178	D	$119.054(1)	509,595,438	D
Common	05/28/2026		S		207,649	D	$119.0125(2)	509,387,789	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 in multiple trades at prices ranging from $119.00 to $119.31, 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.

2. This sale was executed in multiple trades at prices ranging from $119.00 to $119.14, 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/ Jennifer F. Rudolph, by Power of Attorney	05/29/2026
	** 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

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

Walton Family Holdings Trust sold 461,827 Walmart shares. The trust completed two open-market sales of 254,178 shares and 207,649 shares. These disposals modestly reduced its position while leaving it with over 509 million Walmart shares afterward.

At what prices did Walton Family Holdings Trust sell Walmart (WMT) shares?

The trust’s Walmart share sales averaged about $119 per share. One transaction used a weighted average sale price of $119.0540, and the other used $119.0125, with individual trades executed in narrow ranges around those levels.

Over what dates did Walton Family Holdings Trust sell Walmart (WMT) stock?

The sales occurred on May 27 and May 28, 2026. On May 27, 254,178 Walmart common shares were sold, followed by 207,649 shares on May 28. Both were reported as open-market sale transactions in the Form 4 filing.

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

The trust holds 509,387,789 Walmart shares after the transactions. This post-transaction balance shows that the 461,827 shares sold represent only a very small fraction of its overall Walmart ownership position.

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

The filing reports open-market sales of Walmart common stock. Both transactions are coded as "S" for sale, described as sale in open market or private transaction, and involve non-derivative common shares rather than options or other derivatives.

Were Walton Family Holdings Trust’s Walmart (WMT) sales executed in single trades or multiple trades?

Each reported sale was executed through multiple underlying trades. Footnotes explain that trades occurred within price ranges around $119, with the Form 4 showing a weighted average sale price while offering full trade details on request.