Walmart (NYSE: WMT) EVP executes pre-planned sale of 2,900 shares

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Nicholas Christopher James sold 2,900 shares of Walmart common stock in an open-market transaction at $123.92 per share. After the sale, he directly holds 577,853.269 shares. The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan previously disclosed on Form 8-K.

Insider Trade Summary 10b5-1

Net Seller: 2,900 shares ($359,368)

Net Sell 1 txn

Insider Nicholas Christopher James

Role Executive Vice President

Sold 2,900 shs ($359K)

Type	Security	Shares	Price	Value
Sale	Common	2,900	$123.92	$359K

Holdings After Transaction: Common — 577,853.269 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 2,900 shares Sale price: $123.92 per share Shares held after sale: 577,853.269 shares +1 more

4 metrics

Shares sold 2,900 shares Open-market sale of Walmart common stock

Sale price $123.92 per share Price for the 2,900 shares sold

Shares held after sale 577,853.269 shares Direct Walmart holdings post-transaction

Net shares sold 2,900 shares Net sell direction in transaction summary

Key Terms

Rule 10b5-1 plan, open-market sale, Form 8-K, Executive Vice President

4 terms

Rule 10b5-1 plan regulatory

"This sale was executed pursuant to a Rule 10b5-1 plan that was entered into by the Reporting Person"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

open-market sale financial

"transaction_action: open-market sale of Walmart common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 8-K regulatory

"disclosed by the Issuer on Form 8-K on December 29, 2025"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

Executive Vice President financial

"Nicholas Christopher James serves as an Executive Vice President of Walmart Inc."

An executive vice president is a high-ranking leader within a company who oversees major parts of its operations or strategies. Think of them as senior managers responsible for important areas, similar to a vice principal in a school hierarchy. Their role matters to investors because they help guide the company's success and decision-making at the top level.

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 04:48 PM

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).

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^*

Nicholas Christopher James

(Last)

(First)

(Middle)

1 CUSTOMER DRIVE

(Street)

BENTONVILLE

ARKANSAS

72716

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common	05/21/2026		S		2,900⁽¹⁾	D	$123.92	577,853.269	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 December 29, 2025.

Remarks:

	/s/ Mary Marshall, by power of attorney	05/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Nicholas Christopher James report at Walmart (WMT)?

Nicholas Christopher James reported selling 2,900 shares of Walmart common stock. The transaction was an open-market sale at $123.92 per share and was executed under a pre-arranged Rule 10b5-1 trading plan disclosed previously on Form 8-K.

At what price did the Walmart (WMT) executive sell his shares?

He sold 2,900 Walmart common shares at $123.92 per share. This reflects an open-market transaction, with the price set by prevailing market conditions on the trade date under his Rule 10b5-1 trading plan.

How many Walmart (WMT) shares does Nicholas Christopher James hold after this sale?

Following the transaction, Nicholas Christopher James directly owns 577,853.269 shares of Walmart common stock. This remaining stake shows that the 2,900 shares sold represent a small portion of his overall direct holdings in the company.

Was the Walmart (WMT) insider sale made under a Rule 10b5-1 plan?

Yes, the sale was executed under a Rule 10b5-1 trading plan. The footnote explains the plan was entered into during an open trading window and its adoption was previously disclosed by Walmart on Form 8-K on December 29, 2025.

What role does Nicholas Christopher James hold at Walmart (WMT)?

Nicholas Christopher James serves as an Executive Vice President at Walmart. His position makes his stock transactions reportable on Form 4, providing transparency into trades involving the company’s senior leadership team for investors and regulators.

Is this Walmart (WMT) insider transaction considered an open-market sale?

Yes, the Form 4 identifies the transaction as an open-market sale. The sale involved 2,900 shares of Walmart common stock at $123.92 per share, categorized under transaction code "S" for sale in an open market or private transaction.