Walmart (WMT) EVP reports Form 4 tax withholding on restricted stock vesting

Rhea-AI Filing Summary

Walmart Inc. executive reports routine share withholding for taxes. A Walmart Inc. (WMT) Executive Vice President filed a Form 4 reporting a transaction dated 12/02/2025. The filing shows 120.929 shares of Walmart common stock were disposed of in a transaction coded "F" at a price of $111.53 per share, which represents shares withheld to cover tax obligations when restricted stock vested. After this tax withholding, the reporting person directly beneficially owns 573,218.851 shares of Walmart common stock. A portion of the remaining vested shares was deferred by the executive to a future date.

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^*

Nicholas Christopher James

(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)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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	12/02/2025		F		120.929(1)	D	$111.53	573,218.851	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/ Dirk Gardner, by power of attorney	12/04/2025
	** 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) report in this Form 4?

The Form 4 reports that a Walmart Inc. Executive Vice President had 120.929 shares of common stock withheld on 12/02/2025 in a transaction coded "F" at $111.53 per share, related to tax withholding on vested restricted stock.

Who is the reporting person in this Walmart (WMT) Form 4 filing?

The reporting person is an officer of Walmart Inc. serving as an Executive Vice President.

How many Walmart (WMT) shares does the executive own after the reported transaction?

Following the reported tax withholding transaction, the executive directly beneficially owns 573,218.851 shares of Walmart common stock.

What does transaction code "F" mean in this Walmart (WMT) Form 4?

Transaction code "F" indicates shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock.

Were any of the vested Walmart (WMT) shares deferred by the executive?

Yes. The explanation states that a portion of the remaining vested shares, after tax withholding, was deferred by the reporting person to a future date.

Is this Walmart (WMT) Form 4 filed by one or multiple reporting persons?

The Form 4 is filed by one reporting person, as indicated in the individual or joint/group filing section.