Walmart director sells 19,416 shares under 10b5-1

Walmart Inc. director C. Douglas McMillon reported an open-market sale of 19,416 shares of Walmart common stock on February 26, 2026 at a weighted average price of $126.7057 per share.

Rhea-AI Filing Summary

Walmart Inc. director C. Douglas McMillon reported an open-market sale of 19,416 shares of Walmart common stock on February 26, 2026 at a weighted average price of $126.7057 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. After this sale, McMillon directly holds 4,023,209.292 Walmart common shares, with additional indirect holdings in various family trusts, a marital trust, a 401(k) plan, and accounts for his spouse and children.

Insider Trade Summary

Net Seller: 19,416 shares

Net Sell 8 txns

Insider McMillon C Douglas

Role Director

Sold 19,416 shs ($2.46M)

Type	Security	Shares	Price	Value
Sale	Common	19,416	$126.7057	$2.46M
holding	Common	--	--	--
holding	Common	--	--	--
holding	Common	--	--	--
holding	Common	--	--	--
holding	Common	--	--	--
holding	Common	--	--	--
holding	Common	--	--	--

Holdings After Transaction: Common — 4,023,209.292 shares (Direct); Common — 5,785.8872 shares (Indirect, By 401(k)); Common — 415,203 shares (Indirect, By Trust for Children); Common — 57,270 shares (Indirect, By Wife's Trust for Children); Common — 173,466 shares (Indirect, By Marital Trust); Common — 5,233 shares (Indirect, By Trust for Wife); Common — 6,777 shares (Indirect, By Son); Common — 395,970 shares (Indirect, By Wife's Trust for Children and Reporting Person)

Footnotes (2)

1. F1. 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 $126.60 to $127.09, 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.
2. F2. Balance adjusted to reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

C. Douglas McMillon reported selling 19,416 shares of Walmart common stock. The sale occurred on February 26, 2026 at a weighted average price of $126.7057 per share, reflecting an open-market transaction disclosed in a Form 4 filing.

Was the Walmart (WMT) insider sale by C. Douglas McMillon pre-planned?

Yes, the reported sale was executed under a pre-arranged Rule 10b5-1 trading plan. This plan was entered into during an open trading window and previously disclosed on Form 8-K, indicating the sale followed a preset schedule rather than ad hoc trading.

How many Walmart (WMT) shares did C. Douglas McMillon hold after the sale?

After the reported sale, C. Douglas McMillon directly held 4,023,209.292 Walmart common shares. He also had additional indirect holdings through various trusts, a marital trust, a 401(k) plan, and accounts for his spouse and children, as reflected in the Form 4.

What price did C. Douglas McMillon receive for his Walmart (WMT) share sale?

The sale was executed in multiple trades with prices ranging from $126.60 to $127.09 per share. The Form 4 reports a weighted average sale price of $126.7057 per share for the 19,416 Walmart common shares sold in this transaction.

How many Walmart (WMT) shares did C. Douglas McMillon sell in this Form 4?

He sold 19,416 shares of Walmart common stock in this reported transaction. The sale was categorized as an open-market or private transaction and was executed pursuant to a Rule 10b5-1 trading plan, as detailed in the Form 4 footnotes.

What indirect Walmart (WMT) holdings are reported for C. Douglas McMillon?

The Form 4 lists indirect holdings in Walmart common stock through a marital trust, trusts for his wife and children, a 401(k) plan, and an account for his son. These indirect positions are separate from his direct ownership of 4,023,209.292 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/27/2026 - 05:02 PM Learn about SEC filing dates

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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	02/26/2026		S		19,416(1)	D	$126.7057	4,023,209.292(2)	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 $126.60 to $127.09, 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.

2. Balance adjusted to reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan.

Remarks:

	/s/ Dirk Gardner, by power of attorney	02/27/2026
	** 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.