Walton trust moves 35K Walmart (NYSE: WMT) shares to beneficiary

Rhea-AI Filing Summary

Walmart Inc. insider entity Walton Family Holdings Trust reported an internal share transfer. The Trust distributed 35,000 shares of Common Stock to a beneficiary for no consideration, meaning no cash changed hands. After this redistribution, the Trust still directly holds 516,803,456 Walmart shares, so the transaction represents only a very small portion of its overall position.

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

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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 AR 72712

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

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		J(1)		35,000(1)	D	$0(1)	516,803,456	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. The transaction is a distribution of 35,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust.

Remarks:

	/s/ Jennifer F. Rudolph, by Power of Attorney	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

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

The Walton Family Holdings Trust reported a redistribution of 35,000 Walmart common shares to a trust beneficiary for no consideration. This is characterized as an internal restructuring-type transaction rather than a market trade, with no purchase or sale on an exchange.

Was the Walmart (WMT) Form 4 transaction a buy or sell of shares?

The Form 4 does not report a buy or sell. It describes an “other” transaction, specifically a distribution of 35,000 common shares from the Walton Family Holdings Trust to a beneficiary, for no consideration, rather than an open-market purchase or sale.

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

The Trust transferred 35,000 shares of Walmart common stock to a beneficiary. According to the filing, this was a distribution for no consideration, indicating an internal ownership shift within trust structures instead of a cash transaction in the public market.

How many Walmart (WMT) shares does the Walton Family Holdings Trust hold after the transaction?

After the distribution, the Walton Family Holdings Trust directly holds 516,803,456 Walmart common shares. This shows the 35,000-share transfer is a very small fraction of its total reported holdings, suggesting limited impact on the Trust’s overall ownership stake.

Who is involved in the reported Walmart (WMT) share distribution?

The filing identifies the Walton Family Holdings Trust as the reporting owner and issuer Walmart Inc. as the company. The Trust distributed 35,000 shares of Walmart common stock to one of its beneficiaries, as described in the footnote to the transaction.