Walmart (NYSE: WMT) SVP reports share withholding for restricted stock tax

Rhea-AI Filing Summary

Walmart Inc. Senior Vice President David Chojnowski reported an automatic share withholding related to equity compensation. On 01/13/2026, 195.262 shares of Walmart common stock were withheld at a price of $117.97 per share to cover tax withholding obligations upon the vesting of restricted stock. After this tax-related withholding, Chojnowski beneficially owned 135,851.128 shares of Walmart common stock in direct ownership, with the balance also adjusted to reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chojnowski David

Role Senior Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common	195.262	$117.97	$23K

Holdings After Transaction: Common — 135,851.128 shares (Direct)

Footnotes (1)

1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock. Balance adjusted to reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan.

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^*

Chojnowski David

(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)
	Senior 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		195.262(1)	D	$117.97	135,851.128(2)	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.

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	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 transaction did Walmart (WMT) report for David Chojnowski?

Walmart reported that Senior Vice President David Chojnowski had 195.262 shares of Walmart common stock withheld on 01/13/2026 to satisfy tax obligations related to vested restricted stock.

Was the Walmart (WMT) insider transaction an open-market sale?

No. The filing states the shares represented shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock, rather than a discretionary open-market sale.

How many Walmart (WMT) shares does David Chojnowski own after this Form 4 transaction?

Following the reported tax withholding transaction, David Chojnowski beneficially owned 135,851.128 shares of Walmart common stock in direct ownership.

What transaction code was used in the Walmart (WMT) Form 4 filing?

The transaction used code "F", which indicates shares withheld by the issuer to pay tax withholding obligations related to equity awards such as restricted stock.

Did the Walmart (WMT) Form 4 involve derivative securities or only common stock?

The reported transaction involved Walmart common stock. The table for derivative securities showed no derivative transactions in this filing excerpt.

How was the Walmart 2016 Associate Stock Purchase Plan referenced in this Form 4?

A footnote explains that the share balance was adjusted to reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan.