Walmart (NYSE: WMT) EVP Donna Morris logs stock grant and sale in Form 4

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Donna Morris reported several transactions in Walmart common stock. On January 13, 2026, 5,249.796 shares were withheld at $117.97 to cover taxes upon the vesting of restricted stock, with some of the remaining vested shares deferred. On January 14, 2026, she received a grant of 15,135 shares of restricted stock at $0, scheduled to vest in roughly equal installments on January 12, 2027, January 11, 2028, and January 9, 2029. That same day she sold 9,384 shares at $120.19 in a transaction executed under a pre-established Rule 10b5-1 trading plan previously disclosed by the company. After these transactions, she beneficially owned 536,311.791 shares directly and 65,178 shares indirectly through a family trust.

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^*

Morris Donna

(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)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

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	01/13/2026		F		5,249.796(1)	D	$117.97	530,560.791	D
Common	01/14/2026		A		15,135(2)	A	$0	545,695.791	D
Common	01/14/2026		S		9,384(3)	D	$120.19	536,311.791	D
Common								65,178	I	By Family Trust

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. A portion of the remaining vested shares was deferred by the Reporting Person to a future date.

2. Restricted stock granted on January 14, 2026, scheduled to vest in approximately equal installments on January 12, 2027, January 11, 2028, and January 9, 2029.

3. 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 September 22, 2025.

Remarks:

	/s/ Dirk Gardner, by power of attorney	01/15/2026
	** 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 transactions did Walmart (WMT) EVP Donna Morris report?

Donna Morris reported tax-related withholding of 5,249.796 vested shares, a grant of 15,135 restricted shares, and a sale of 9,384 Walmart common shares.

At what prices were Donna Morris’s Walmart (WMT) share transactions reported?

Shares withheld for taxes were valued at $117.97 each, the restricted stock grant was at $0, and the sale of 9,384 shares was at $120.19 per share.

How many Walmart (WMT) shares does Donna Morris own after these transactions?

Following the reported transactions, Donna Morris beneficially owned 536,311.791 Walmart shares directly and 65,178 shares indirectly through a family trust.

What are the vesting terms of Donna Morris’s new Walmart restricted stock grant?

The 15,135 restricted Walmart shares granted on January 14, 2026 are scheduled to vest in approximately equal installments on January 12, 2027, January 11, 2028, and January 9, 2029.

Was Donna Morris’s sale of Walmart (WMT) shares part of a 10b5-1 trading plan?

Yes. The sale of 9,384 shares at $120.19 was executed under a Rule 10b5-1 plan entered into during an open trading window and previously disclosed by Walmart on Form 8-K.

Why were some Walmart (WMT) shares withheld from Donna Morris on January 13, 2026?

The 5,249.796 shares on January 13, 2026 were withheld to satisfy tax withholding obligations tied to the vesting of restricted stock, with some remaining vested shares deferred to a future date.