[Form 4] Walmart Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 summary: Walmart Inc. (WMT) Form 4 filed for John D. Rainey, Executive Vice President, reports sales on 08/01/2025 executed pursuant to disclosed Rule 10b5-1 plans. The filing was signed by power of attorney on 08/04/2025.

Key details:

• Sales executed under 10b5-1 plans disclosed by the issuer on 09/06/2024.
• Table rows list amounts 2,113 and 87 and show beneficial ownership following the transactions as 626,204.995 and 626,117.995 shares respectively.
• Weighted-average sale prices reported: $98.2794 (trades ranged $97.745–$98.74) and $98.779 (trades ranged $98.75–$98.83).

Insights

Financial Analyst

TL;DR: Routine, prearranged insider sales under disclosed 10b5-1 plans; transactions provide transparency but are not an explicit signal of material company change.

The Form 4 documents planned sales by EVP John D. Rainey on 08/01/2025 with weighted-average prices of $98.2794 and $98.779. The filing notes the plans were entered during an open trading window and disclosed by the issuer on 09/06/2024, and the filer commits to provide trade-level details on request. For investors, the filing shows compliance with standard procedures; it does not include other operational or financial metrics.

Corporate Governance Expert

TL;DR: Disclosure aligns with governance best practices: sales executed under documented 10b5-1 plans and timely Form 4 filing.

The report indicates the insider used a Rule 10b5-1 plan and that the issuer previously disclosed the plan date (09/06/2024), which supports adherence to disclosure and insider trading protocols. The Form 4 was executed via power of attorney on 08/04/2025. The filing provides weighted-average prices and beneficial ownership figures but contains no statements of intent or company-sensitive information.

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^*

Rainey John D

(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)
08/01/2025

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	08/01/2025		S		2,113(1)	D	$98.2794	626,204.995	D
Common	08/01/2025		S		87(2)	D	$98.779	626,117.995	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. 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 6, 2024. This transaction was executed in multiple trades at prices ranging from $97.745 to $98.74 , inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request of the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

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 6, 2024. This transaction was executed in multiple trades at prices ranging from $98.75 to $98.83, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request of the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ Jennifer F. Rudolph, by power of attorney	08/04/2025
	** 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 did Walmart EVP John D. Rainey disclose on the Form 4 (WMT)?

The Form 4 reports insider sales on 08/01/2025 executed under Rule 10b5-1 plans, with weighted-average prices of $98.2794 and $98.779.

Were these sales part of a prearranged 10b5-1 plan?

Yes. The filing states both sales were executed pursuant to Rule 10b5-1 plans that were disclosed by the issuer on 09/06/2024.

How many shares and what is the reported beneficial ownership after the transactions?

The table lists amounts 2,113 and 87 in the rows and shows beneficial ownership following the transactions as 626,204.995 and 626,117.995 shares respectively.

What price ranges were the trades executed at?

The filing reports trades executed in multiple trades at prices ranging $97.745–$98.74 (weighted avg $98.2794) and $98.75–$98.83 (weighted avg $98.779).

When was the Form 4 signed and filed?

The Form 4 bears a signature by power of attorney (Jennifer F. Rudolph) dated 08/04/2025 and reports transactions dated 08/01/2025.