Walmart EVP has shares withheld for tax on RSU vest

Walmart Inc. Executive Vice President Nicholas Christopher James reported a small share disposition related to taxes, not an open-market trade.

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Nicholas Christopher James reported a small share disposition related to taxes, not an open-market trade. On the vesting of restricted stock, 120.932 common shares were withheld at $126.79 per share to satisfy tax withholding obligations. After this tax-related withholding and related vesting activity, he directly holds 598,907.977 Walmart common shares, and a portion of the vested shares was deferred to a future date.

Insider Trade Summary

Exercise Price or Tax Liability: 120.932 shares

Exercise Price or Tax Liability 1 txn

Insider Nicholas Christopher James

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common	120.932	$126.79	$15K

Holdings After Transaction: Common — 598,907.977 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares withheld for taxes: 120.932 shares Withholding price per share: $126.79 per share Shares held after transaction: 598,907.977 shares +1 more

4 metrics

Shares withheld for taxes 120.932 shares Withheld upon restricted stock vesting

Withholding price per share $126.79 per share Value used for tax-withholding disposition

Shares held after transaction 598,907.977 shares Direct Walmart common stock ownership after withholding

Tax-withholding shares in summary 120.932 shares TaxWithholdingShares in transaction summary

Key Terms

restricted stock, tax withholding obligations, vesting, Form 4

4 terms

restricted stock financial

"Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

tax withholding obligations financial

"Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock."

vesting financial

"Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Walmart (WMT) executive Nicholas Christopher James report in this Form 4?

Nicholas Christopher James reported that 120.932 Walmart common shares were withheld to cover tax obligations on vested restricted stock. This was a tax-withholding disposition, not an open-market sale, and reflects routine handling of equity compensation.

How many Walmart (WMT) shares were withheld for taxes in this insider filing?

The filing shows 120.932 Walmart common shares were withheld at $126.79 per share to satisfy tax withholding obligations. This occurred when restricted stock vested, representing a small fraction of the executive’s total holdings after the transaction.

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

Following the tax-withholding disposition, Nicholas Christopher James directly holds 598,907.977 Walmart common shares. This post-transaction balance, disclosed in the Form 4, highlights that the withheld amount was very small compared with his remaining direct ownership stake.

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

No. The Form 4 describes a tax-withholding disposition, where 120.932 shares were withheld to pay taxes on vested restricted stock. This method settles tax liabilities and does not involve the executive selling shares on the open market for investment reasons.

What triggered the share withholding reported by the Walmart (WMT) executive?

The share withholding was triggered by the vesting of restricted stock awarded to the executive. When the restricted stock vested, 120.932 shares were withheld to satisfy tax withholding obligations, and some of the remaining vested shares were deferred to a future date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/09/2026 - 06:52 PM EDT Learn about SEC filing dates

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)
04/07/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common	04/07/2026		F		120.932(1)	D	$126.79	598,907.977	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. A portion of the remaining vested shares was deferred by the Reporting Person to a future date.

Remarks:

	/s/ Mary Marshall, by power of attorney	04/09/2026
	** 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)