Walmart director Friar awarded 309 stock units

Friar Sarah reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Friar Sarah reported acquisition or exercise transactions in this Form 4 filing.

Walmart Inc. director Sarah Friar reported an equity compensation grant of 309 common stock units, representing quarterly director compensation she elected to defer. The units were valued using the closing price of $113.26 per share on the grant date.

After this award, Friar holds a total of 62,376.1318 Walmart common shares and stock units directly. This filing reflects compensation-related share accrual rather than an open-market stock purchase or sale.

Insider Trade Summary

Grant/Award: 309 shares

Grant/Award 1 txn

Insider Friar Sarah

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common	309	$113.26	$35K

Holdings After Transaction: Common — 62,376.1318 shares (Direct)

Footnotes (1)

1. F1. Represents quarterly director compensation, which the Reporting Person elected to defer in the form of stock units. The number of stock units was determined by using the closing price of the Issuer's common stock on the date of grant.

Key Figures

Stock units granted: 309 shares Grant valuation price: $113.26 per share Holdings after transaction: 62,376.1318 shares

3 metrics

Stock units granted 309 shares Quarterly director compensation deferred into stock units

Grant valuation price $113.26 per share Closing price used to determine number of stock units

Holdings after transaction 62,376.1318 shares Total Walmart common shares and stock units held directly after grant

Key Terms

quarterly director compensation, stock units, closing price

3 terms

quarterly director compensation financial

"Represents quarterly director compensation, which the Reporting Person elected to defer"

stock units financial

"elected to defer in the form of stock units"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

closing price financial

"determined by using the closing price of the Issuer's common stock"

FAQ

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

What did Walmart (WMT) director Sarah Friar report in this Form 4 filing?

Sarah Friar reported receiving 309 common stock units as quarterly director compensation. She elected to defer her fees into stock units, which were valued using Walmart’s closing share price on the grant date, increasing her direct holdings to 62,376.1318 shares and units.

Was this Walmart (WMT) Form 4 transaction a market purchase or sale?

The transaction was not a market purchase or sale. It was a compensation-related acquisition, where Sarah Friar received 309 stock units by deferring quarterly director fees, with the number of units based on Walmart’s closing stock price on the grant date.

How many Walmart (WMT) shares does Sarah Friar hold after this transaction?

After this compensation grant, Sarah Friar holds 62,376.1318 Walmart common shares and stock units directly. This total reflects her position following the addition of 309 deferred stock units tied to her quarterly director compensation for the reported period.

At what price were Sarah Friar’s Walmart (WMT) stock units valued?

The 309 stock units were determined using Walmart’s closing common stock price of $113.26 on the grant date. That closing price was used solely to calculate how many stock units corresponded to her deferred quarterly director compensation for the period.

What does it mean that Walmart (WMT) director fees were deferred into stock units?

Deferring fees into stock units means Sarah Friar chose to receive quarterly director compensation in equity rather than cash. The company converted her fees into 309 stock units using Walmart’s closing share price, aligning part of her compensation with shareholder value performance.

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

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Accepted by SEC EDGAR 07/02/2026 - 04:24 PM 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^*

Friar Sarah

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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	06/30/2026		A		309(1)	A	$113.26	62,376.1318	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 quarterly director compensation, which the Reporting Person elected to defer in the form of stock units. The number of stock units was determined by using the closing price of the Issuer's common stock on the date of grant.

Remarks:

	/s/ Mary Marshall, by power of attorney	07/02/2026
	** 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)