Walmart (WMT) director reports 239,000-share stock distribution from family trust

Rhea-AI Filing Summary

Walmart Inc. director reports receipt of additional shares. A Walmart Inc. (WMT) director filed a Form 4 disclosing the acquisition of 239,000 shares of Walmart common stock on 12/11/2025. The shares were received for no cash consideration in a distribution from the Walton Family Holdings Trust, increasing the director's directly held ownership to 318,292.25 shares. In addition, 93,654 shares are reported as indirectly owned through the director's spouse, reflecting family-related holdings in Walmart stock.

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

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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 Steuart L

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

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	12/11/2025		J(1)		239,000(1)	A	$0(1)	318,292.25	D
Common								93,654	I	By spouse

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. The transaction is the receipt of 239,000 shares of Common Stock by the Reporting Person, for no consideration, in a distribution from the Walton Family Holdings Trust.

Remarks:

	/s/ Jennifer F. Rudolph, by power of attorney	12/12/2025
	** 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) disclose in this Form 4?

The filing reports that a Walmart director received 239,000 shares of Walmart common stock on 12/11/2025, increasing their direct holdings.

Did the Walmart (WMT) director pay for the 239,000 shares received?

No. The Form 4 states the 239,000 shares of Common Stock were received for no consideration in a distribution from the Walton Family Holdings Trust.

How many Walmart (WMT) shares does the reporting person own after the transaction?

Following the reported transaction, the director directly owns 318,292.25 shares of Walmart common stock and indirectly owns 93,654 shares through their spouse.

What is the relationship of the reporting person to Walmart (WMT)?

The reporting person is identified as a Director of Walmart Inc., as indicated in the relationship section of the Form 4.

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

The transaction is coded as J (1), with an accompanying note explaining it is a distribution of shares from the Walton Family Holdings Trust.

Is there any indication of a Rule 10b5-1 trading plan in this Walmart (WMT) filing?

The form includes a checkbox for transactions under a Rule 10b5-1(c) plan, but the provided excerpt does not show that box marked for this transaction.