Walmart (WMT) SVP & Controller logs tax-withholding of 178 shares on Form 4

Rhea-AI Filing Summary

Walmart Inc. executive Dwayne M. Milum reported a small tax-related share disposition. On 02/10/2026, Milum, Walmart's SVP & Controller, had 178.223 shares of common stock withheld at $129.02 per share to cover tax obligations upon restricted stock vesting. After this withholding, he directly owned 42,347.888 Walmart common shares.

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^*

Milum Dwayne M

(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)
	SVP & Controller

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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	02/10/2026		F		178.223(1)	D	$129.02	42,347.888	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. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.

Remarks:

	/s/ Dirk Gardner, by power of attorney	02/12/2026
	** 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).
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FAQ

What insider transaction did Walmart (WMT) report for Dwayne M. Milum?

Walmart reported that SVP & Controller Dwayne M. Milum had 178.223 shares of common stock withheld on 02/10/2026 to satisfy tax obligations tied to restricted stock vesting, a routine tax-withholding disposition rather than an open-market trade.

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

The Form 4 shows a tax-withholding disposition, not a standard buy or sell. Code F indicates shares were withheld by the company to pay tax liabilities arising from restricted stock vesting, rather than Milum executing an open-market purchase or sale.

How many Walmart (WMT) shares were withheld for taxes from Dwayne M. Milum?

A total of 178.223 Walmart common shares were withheld for taxes. These shares were valued at $129.02 per share and used to satisfy Milum’s tax withholding obligations when his restricted stock vested on 02/10/2026.

How many Walmart (WMT) shares does Dwayne M. Milum own after this Form 4?

After the reported transaction, Dwayne M. Milum directly owned 42,347.888 shares of Walmart common stock. This figure reflects his beneficial ownership following the 178.223 shares withheld to cover tax obligations on vested restricted stock.

What does transaction code F mean on the Walmart (WMT) Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 178.223 Walmart shares were withheld to meet tax obligations when restricted stock vested, rather than being sold on the open market.

Who is the insider involved in this Walmart (WMT) Form 4 filing?

The insider is Dwayne M. Milum, who serves as Walmart’s SVP & Controller. He reported a tax-withholding disposition of 178.223 common shares related to the vesting of restricted stock, leaving him with 42,347.888 directly owned shares afterward.