Walmart EVP has shares withheld for taxes in Form 4

Walmart Inc. Executive Vice President Seth Dallaire reported a tax-related share disposition tied to restricted stock vesting.

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Seth Dallaire reported a tax-related share disposition tied to restricted stock vesting. On the transaction date, 663.746 shares of Walmart common stock were withheld at $126.79 per share to cover tax withholding obligations, rather than being sold on the open market.

After this withholding, Dallaire held 379,179.224 Walmart common shares directly. He also had an additional 150,529 common shares reported as indirectly owned, held jointly with his spouse. The filing shows no option exercises or open-market purchases or sales in this report.

Insider Trade Summary

Exercise Price or Tax Liability: 663.746 shares

Exercise Price or Tax Liability 2 txns

Insider Dallaire Seth

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common	663.746	$126.79	$84K
holding	Common	--	--	--

Holdings After Transaction: Common — 379,179.224 shares (Direct); Common — 150,529 shares (Indirect, Joint with Spouse)

Footnotes (1)

1. F1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.

Key Figures

Shares withheld for taxes: 663.746 shares Withholding reference price: $126.79 per share Direct shares after transaction: 379,179.224 shares +1 more

4 metrics

Shares withheld for taxes 663.746 shares Tax withholding on restricted stock vesting

Withholding reference price $126.79 per share Value used for tax-withholding disposition

Direct shares after transaction 379,179.224 shares Direct Walmart common stock holdings post-withholding

Indirect joint holdings 150,529 shares Common shares held jointly with spouse

Key Terms

restricted stock, tax withholding obligations, Joint with Spouse, Form 4

4 terms

restricted stock financial

"Represents shares withheld to satisfy tax withholding obligations 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

"Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock."

Joint with Spouse financial

"nature_of_ownership": "Joint with Spouse""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did Walmart (WMT) executive Seth Dallaire report?

Seth Dallaire reported a tax-related share disposition. Walmart common shares were withheld to satisfy tax obligations on vested restricted stock, rather than sold in the market, making this a routine compensation and tax event rather than a discretionary trade.

How many Walmart (WMT) shares were withheld for taxes in this Form 4?

The filing shows 663.746 Walmart common shares were withheld. These shares covered tax withholding obligations arising from the vesting of restricted stock, according to the footnote, and do not represent an open-market sale by the executive.

What is Seth Dallaire’s Walmart (WMT) direct share ownership after this transaction?

After the tax withholding, Seth Dallaire directly owned 379,179.224 Walmart common shares. This figure reflects his remaining direct holdings following the withholding of a smaller number of shares to satisfy tax obligations tied to restricted stock vesting.

Does Seth Dallaire have indirect Walmart (WMT) share ownership reported in this filing?

Yes. The Form 4 lists 150,529 Walmart common shares as indirectly owned. These are held on a “Joint with Spouse” basis, indicating shared ownership, and are separate from his larger directly held Walmart share position.

Was this Walmart (WMT) insider transaction an open-market sale or purchase?

No. The transaction is coded as an F event, meaning shares were withheld to pay taxes. The footnote states they satisfied tax withholding obligations upon restricted stock vesting, so it is not an open-market buy or sell decision.

What does the F code mean in Seth Dallaire’s Walmart (WMT) Form 4?

The F code indicates a tax-withholding disposition. Shares are surrendered or withheld to cover exercise price or tax liabilities, in this case for restricted stock vesting, and it is typically treated as a routine compensation-related event rather than a discretionary stock trade.

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

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Accepted by SEC EDGAR 04/09/2026 - 06:50 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^*

Dallaire Seth

(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)
04/07/2026

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	04/07/2026		F		663.746(1)	D	$126.79	379,179.224	D
Common								150,529	I	Joint with 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. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.

Remarks:

	/s/ Mary Marshall, by power of attorney	04/09/2026
	** 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)