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Walton Family Trust trims 2.78M Walmart (NYSE: WMT) share stake

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Walton Family Holdings Trust reported open-market sales of Walmart Inc. common stock. The trust sold a total of 2,779,586 shares on March 9 and March 11, 2026, in multiple trades at weighted average prices between $123.06 and $125.24 per share.

After these transactions, the trust held 516,838,456 Walmart shares. This indicates a large remaining position, with the disclosed sales representing only a fraction of its reported holdings.

Positive

  • None.

Negative

  • None.

Insights

Walton family trust sold 2.78M Walmart shares but kept a very large stake.

The filing shows Walton Family Holdings Trust, a more than ten percent owner of Walmart Inc., executed five open-market sales totaling 2,779,586 common shares at prices around $123–$125 per share. All transactions are straightforward non-derivative sales.

Following these trades, the trust still directly owns 516,838,456 shares, indicating the sales are small relative to its reported position. There are no derivative holdings shown, and no references to trading plans or complex structures in the provided footnotes, which mainly clarify price ranges for the executed trades.

Insider Walton Family Holdings Trust
Role 10% Owner
Sold 2,779,586 shs ($344.73M)
Type Security Shares Price Value
Sale Common 995,288 $123.4979 $122.92M
Sale Common 376,237 $124.5949 $46.88M
Sale Common 18,267 $125.1464 $2.29M
Sale Common 1,332,649 $124.223 $165.55M
Sale Common 57,145 $124.4098 $7.11M
Holdings After Transaction: Common — 517,232,960 shares (Direct)
Footnotes (1)
  1. This sale was executed in multiple trades at prices ranging from $123.375 to $124.37, inclusive. The price reported above reflects 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. This sale was executed in multiple trades at prices ranging from $124.375 to $124.45, inclusive. The price reported above reflects 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. This sale was executed in multiple trades at prices ranging from $123.06 to $124.0588, inclusive. The price reported above reflects 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. This sale was executed in multiple trades at prices ranging from $124.06 to $125.055, inclusive. The price reported above reflects 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. This sale was executed in multiple trades at prices ranging from $125.06 to $125.24, inclusive. The price reported above reflects 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.
Form 4 Insider Transactions: What Each Field Means →
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*
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)
03/09/2026
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 03/09/2026 S 1,332,649 D $124.223(1) 518,285,393 D
Common 03/09/2026 S 57,145 D $124.4098(2) 518,228,248 D
Common 03/11/2026 S 995,288 D $123.4979(3) 517,232,960 D
Common 03/11/2026 S 376,237 D $124.5949(4) 516,856,723 D
Common 03/11/2026 S 18,267 D $125.1464(5) 516,838,456 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. This sale was executed in multiple trades at prices ranging from $123.375 to $124.37, inclusive. The price reported above reflects 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. This sale was executed in multiple trades at prices ranging from $124.375 to $124.45, inclusive. The price reported above reflects 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.
3. This sale was executed in multiple trades at prices ranging from $123.06 to $124.0588, inclusive. The price reported above reflects 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.
4. This sale was executed in multiple trades at prices ranging from $124.06 to $125.055, inclusive. The price reported above reflects 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.
5. This sale was executed in multiple trades at prices ranging from $125.06 to $125.24, inclusive. The price reported above reflects 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.
Remarks:
/s/ Jennifer F. Rudolph, by Power of Attorney 03/11/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Walton Family Holdings Trust report in its latest Walmart (WMT) Form 4?

Walton Family Holdings Trust reported selling Walmart common stock in several open-market transactions. The Form 4 details multiple sales of non-derivative shares, including total shares sold, price ranges, and the trust’s remaining direct ownership position after the trades.

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

The trust sold 2,779,586 Walmart common shares across five open-market transactions. These trades occurred on March 9 and March 11, 2026, and are all coded as open-market sales of non-derivative common stock according to the Form 4 transaction summary.

At what prices did Walton Family Holdings Trust sell Walmart (WMT) shares?

The reported weighted average sale prices ranged from about $123.06 to $125.24 per Walmart share. Footnotes explain each sale was executed in multiple trades within stated price ranges, and the trust can provide exact trade breakdowns upon request to interested parties.

How many Walmart (WMT) shares does Walton Family Holdings Trust still own after these sales?

After the reported transactions, Walton Family Holdings Trust directly holds 516,838,456 Walmart common shares. This remaining position, disclosed in the Form 4 totals, shows that the sold shares represent only a small portion of the trust’s overall reported stake.

Are there any Walmart (WMT) derivative securities reported for Walton Family Holdings Trust?

No derivative securities are listed for Walton Family Holdings Trust in this Form 4. The derivative section is empty, and all reported activity involves non-derivative Walmart common stock, indicating these transactions are straightforward share sales rather than option exercises or conversions.

Do the reported Walton Family Holdings Trust sales change Walmart (WMT) control or majority ownership?

The filing shows sales of 2,779,586 shares but a remaining holding of 516,838,456 shares. Based on these disclosed figures, the trust continues to hold a very large position, so the reported sales alone do not suggest a fundamental change in control.