Walmart EVP has shares withheld for tax on vesting

Walmart Inc. Executive Vice President Nicholas Christopher James reported a routine tax-related share disposition.

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Nicholas Christopher James reported a routine tax-related share disposition. On the vesting of restricted stock, 15,254.708 shares of common stock were withheld at $133.34 per share to satisfy tax withholding obligations.

After this non‑market transaction, James directly holds 580,753.269 shares of Walmart common stock. The event reflects compensation-related tax withholding rather than an open‑market sale or change in investment stance.

Insider Trade Summary

Exercise Price or Tax Liability: 15,254.708 shares

Exercise Price or Tax Liability 1 txn

Insider Nicholas Christopher James

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common	15,254.708	$133.34	$2.03M

Holdings After Transaction: Common — 580,753.269 shares (Direct)

Footnotes (1)

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

Key Figures

Shares withheld for tax: 15,254.708 shares Withholding price per share: $133.34 per share Shares held after transaction: 580,753.269 shares

3 metrics

Shares withheld for tax 15,254.708 shares Withheld to satisfy tax withholding obligations on restricted stock vesting

Withholding price per share $133.34 per share Value used for shares withheld on May 19, 2026

Shares held after transaction 580,753.269 shares Direct ownership by Nicholas Christopher James following withholding

Key Terms

restricted stock, tax withholding obligations, Form 4

3 terms

restricted stock financial

"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

"shares withheld to satisfy tax withholding obligations"

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) disclose for Nicholas Christopher James?

Walmart disclosed that Executive Vice President Nicholas Christopher James had 15,254.708 common shares withheld. The shares were retained by the company to cover tax obligations triggered when his restricted stock vested, rather than being sold in the open market.

Was the Walmart (WMT) insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The 15,254.708 Walmart common shares were withheld by the company to satisfy tax withholding obligations upon vesting of restricted stock, a standard compensation-related mechanism rather than a discretionary sale.

How many Walmart (WMT) shares does Nicholas Christopher James hold after the transaction?

After the tax-withholding transaction, Nicholas Christopher James directly holds 580,753.269 Walmart common shares. This reflects his remaining ownership position following the withholding of 15,254.708 shares tied to the vesting of restricted stock awards.

What does transaction code F mean in the Walmart (WMT) Form 4 filing?

Transaction code F indicates shares delivered or withheld to pay an exercise price or tax liability. In this Walmart filing, it means 15,254.708 shares were withheld to cover tax obligations when Nicholas Christopher James’s restricted stock vested.

Does the Walmart (WMT) Form 4 suggest a change in insider sentiment?

The Form 4 mainly reflects a compensation-related tax event rather than sentiment. Shares were withheld to satisfy tax obligations on restricted stock vesting, and Nicholas Christopher James continues to hold 580,753.269 Walmart shares directly after the transaction.

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

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Accepted by SEC EDGAR 05/21/2026 - 04:33 PM EDT 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^*

Nicholas Christopher James

(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)
05/19/2026

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	05/19/2026		F		15,254.708(1)	D	$133.34	580,753.269	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.

Remarks:

	/s/ Mary Marshall, by power of attorney	05/21/2026
	** 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)