Walmart (NYSE: WMT) CEO McMillon sells 19,416 shares under 10b5-1 plan

Rhea-AI Filing Summary

Walmart Inc. President and CEO C. Douglas McMillon reported a planned sale of Walmart common stock. On January 22, 2026, he sold 19,416 shares of Walmart common at a weighted average price of $119.1736 per share under a pre-arranged Rule 10b5-1 trading plan. After this transaction, he directly beneficially owned 4,274,855.801 shares of Walmart common stock. The filing also lists additional indirect holdings through a 401(k) plan and various family and marital trusts.

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^*

McMillon C Douglas

(Last) (First) (Middle)

1 CUSTOMER DRIVE

(Street)

BENTONVILLE AR 72716

(City) (State) (Zip)

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)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2026

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

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

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

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	01/22/2026		S		19,416(1)	D	$119.1736	4,274,855.801	D
Common								5,785.8872	I	By 401(k)
Common								415,203	I	By Trust for Children
Common								57,270	I	By Wife's Trust for Children
Common								173,466	I	By Marital Trust
Common								5,233	I	By Trust for Wife
Common								6,777	I	By Son
Common								395,970	I	By Wife's Trust for Children and Reporting Person

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 March 17, 2025. This sale was executed in multiple trades ranging from $119.05 to $119.263, inclusive. The price reported above represents 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/ Dirk Gardner, by power of attorney	01/23/2026
	** 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.

FAQ

What insider transaction did Walmart (WMT) report for CEO C. Douglas McMillon?

The filing shows that President and CEO C. Douglas McMillon sold 19,416 shares of Walmart common stock on January 22, 2026 at a weighted average price of $119.1736 per share.

Was the Walmart (WMT) CEO share sale pre-planned under a Rule 10b5-1 plan?

Yes. The filing states the sale was executed under a Rule 10b5-1 Plan that McMillon entered into during an open trading window and that the plan was disclosed by Walmart on a Form 8-K dated March 17, 2025.

How many Walmart (WMT) shares does CEO C. Douglas McMillon hold after this transaction?

After the reported sale, McMillon directly beneficially owned 4,274,855.801 shares of Walmart common stock, with additional indirect holdings through a 401(k) plan and multiple family and marital trusts.

At what prices were the Walmart (WMT) CEO’s shares sold on January 22, 2026?

The sale was executed in multiple trades with prices ranging from $119.05 to $119.263 per share. The reported weighted average sale price was $119.1736 per share.

What indirect Walmart (WMT) share holdings related to CEO McMillon are disclosed?

The filing discloses indirect beneficial ownership of Walmart common stock through a 401(k) plan, a Trust for Children, a Wife's Trust for Children, a Marital Trust, a Trust for Wife, a holding By Son, and a Wife's Trust for Children and Reporting Person.

What is the role of C. Douglas McMillon at Walmart (WMT) in this insider filing?

The reporting person, C. Douglas McMillon, is identified as an officer of Walmart Inc., serving as President and CEO in this Form 4 insider transaction report.