[Form 4] Walmart Inc. Insider Trading Activity

Rhea-AI Filing Summary

Walmart (WMT) Executive Vice President John R. Furner reported a significant insider transaction on Form 4. On June 20, 2025, Furner sold 13,125 shares of common stock at a weighted average price of $95.85 per share, totaling approximately $1.26 million.

The sale was executed through multiple trades ranging from $95.295 to $96.280 per share, conducted under a pre-established Rule 10b5-1 trading plan initiated during an open trading window on March 17, 2025. Following the transaction, Furner maintains direct ownership of 945,434 shares and indirect ownership of 5,584 shares through a 401(k) plan.

This planned sale represents a moderate reduction in Furner's holdings while maintaining substantial equity stake in the company, suggesting routine portfolio management rather than a significant shift in insider sentiment.

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^*

Furner John R.

(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)
06/20/2025

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	06/20/2025		S		13,125(1)	D	$95.8461	945,434.189	D
Common								5,584.1059	I	By 401(k) plan

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 was disclosed by the Issuer on Form 8-K on March 17, 2025. This sale was executed in multiple trades ranging from $95.295 to $96.280, inclusive. The price reported above represents the weighted average purchase price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was affected.

	/s/ Jennifer F. Rudolph, by power of attorney	06/23/2025
	** 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

How many WMT shares did John Furner sell on June 20, 2025?

John Furner, Executive Vice President of Walmart Inc., sold 13,125 shares of WMT common stock on June 20, 2025 at a weighted average price of $95.8461 per share.

What is John Furner's total WMT stock ownership after the June 2025 transaction?

After the reported transaction, John Furner owned 945,434.189 shares directly and 5,584.1059 shares indirectly through his 401(k) plan, for a total of approximately 951,018 shares of Walmart stock.

Was WMT insider John Furner's stock sale part of a 10b5-1 trading plan?

Yes, the sale was executed pursuant to a Rule 10b5-1 Plan that was entered into during an open trading window and was disclosed by Walmart on March 17, 2025. The trades were executed at prices ranging from $95.295 to $96.280 per share.

What position does John Furner hold at WMT?

John Furner serves as Executive Vice President at Walmart Inc. (WMT), as disclosed in the Form 4 filing.