Walmart EVP sells 50K shares in planned trade

Walmart Inc. (WMT) reported insider transactions by Executive Vice President Daniel Danker.

Rhea-AI Filing Summary

Walmart Inc. (WMT) reported insider transactions by Executive Vice President Daniel Danker. On August 26, 2026, he sold 50,644 shares of common stock at $105.35 per share in a sale described as a Rule 10b5-1 plan transaction. On August 25, 2026, 52,458.807 shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock, at a reference price of $106.49 per share.

Insider Trade Summary 10b5-1

Net Seller: 50,644 shares

Net Sell 2 txns

Insider Danker Daniel

Role Executive Vice President

Sold 50,644 shs ($5.34M)

Type	Security	Shares	Price	Value
Sale	Common F2	50,644	$105.35	$5.34M
Tax Withholding	Common F1	52,458.807	$106.49	$5.59M

Holdings After Transaction: Common — 201,671.74 shares (Direct)

Footnotes (2)

1. F1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.
2. F2. 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 19, 2025.

Key Figures

Shares sold: 50,644 shares Sale price per share: $105.35 per share Shares withheld for taxes: 52,458.807 shares +2 more

5 metrics

Shares sold 50,644 shares Sale of Walmart common stock on August 26, 2026

Sale price per share $105.35 per share Price for 50,644-share sale on August 26, 2026

Shares withheld for taxes 52,458.807 shares Shares delivered/withheld for tax withholding on August 25, 2026

Tax withholding reference price $106.49 per share Reference price for tax-related disposition on August 25, 2026

Net shares sold (buy/sell only) 50,644 shares Net of reported buy/sell transactions in this Form 4

Key Terms

Rule 10b5-1 plan, restricted stock, tax withholding obligations, Form 8-K

4 terms

Rule 10b5-1 plan regulatory

"This sale was executed pursuant to a Rule 10b5-1 plan"

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.

restricted stock financial

"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

"shares withheld to satisfy tax withholding obligations"

Form 8-K regulatory

"disclosed by the Issuer on Form 8-K"

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.

FAQ

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

Who is the insider involved in this Walmart (WMT) Form 4 filing?

The insider is Daniel Danker, an Executive Vice President of Walmart Inc. The filing reports his recent transactions in Walmart common stock, including a sale and a tax-related share withholding tied to restricted stock vesting.

How many Walmart (WMT) shares did Daniel Danker sell in this Form 4?

On August 26, 2026, Daniel Danker sold 50,644 shares of Walmart common stock at a price of $105.35 per share in a reported open market or private transaction.

Were Daniel Danker’s Walmart (WMT) stock sales under a Rule 10b5-1 plan?

Yes. The filing states that the 50,644-share sale on August 26, 2026 was executed pursuant to a Rule 10b5-1 plan that Daniel Danker entered into during an open trading window and that Walmart had previously disclosed on Form 8-K.

What was the tax-related share disposition reported for Walmart (WMT)?

On August 25, 2026, 52,458.807 shares of Walmart common stock were withheld or delivered to satisfy tax withholding obligations upon the vesting of restricted stock, using a reference price of $106.49 per share.

Does the Form 4 show any option exercises for Walmart (WMT) by Daniel Danker?

No. The transactions reported involve a sale of common stock and share withholding for taxes related to restricted stock vesting, with no derivative (option or similar) exercises listed in this filing.

What is the overall direction of insider trading activity in this Walmart (WMT) Form 4?

The overall activity is net selling, consisting of a 50,644-share sale and a separate 52,458.807-share disposition to cover tax withholding on restricted stock vesting.

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

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Available on EDGAR 08/27/2026 - 04:54 PM EDT Accepted by SEC EDGAR 08/27/2026 - 04:53 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).

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^*

Danker Daniel

(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)
08/25/2026

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	08/25/2026		F		52,458.807(1)	D	$106.49	252,315.74	D
Common	08/26/2026		S		50,644(2)	D	$105.35	201,671.74	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. 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 19, 2025.

Remarks:

	/s/ Mary Marshall, by power of attorney	08/27/2026
	** 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)