Walmart (WMT) EVP John D. Rainey sells 20,000 shares in planned trades

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President John D. Rainey reported pre-planned open-market sales of a total of 20,000 shares of Walmart common stock on March 2, 2026, executed under a Rule 10b5-1 trading plan. The sales were made in two blocks at weighted average prices of $127.7362 for 17,835 shares and $128.1934 for 2,165 shares. After these transactions, Rainey directly owns approximately 486,763.922 Walmart shares, so he retains a substantial stake in the company while gradually diversifying his holdings through a previously established plan.

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
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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)
03/02/2026

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	03/02/2026		S		17,835	D	$127.7362(1)	488,928.922	D
Common	03/02/2026		S		2,165	D	$128.1934(2)	486,763.922	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 5, 2025. This sale was executed in multiple trades ranging from $127.2477 to $127.9991, 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 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 5, 2025. This sale was executed in multiple trades ranging from $128.0008 to $128.5085, 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 effected.

Remarks:

	/s/ Dirk Gardner, by power of attorney	03/04/2026
	** 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.

FAQ

What did Walmart (WMT) Executive Vice President John D. Rainey report in this Form 4?

John D. Rainey reported pre-planned open-market sales of Walmart common stock. He sold 20,000 shares on March 2, 2026, in two transactions executed under a Rule 10b5-1 trading plan previously established during an open trading window.

How many Walmart (WMT) shares did John D. Rainey sell and at what prices?

John D. Rainey sold 20,000 Walmart shares in total. He sold 17,835 shares at a weighted average price of $127.7362 and 2,165 shares at a weighted average price of $128.1934, all as open-market sales of common stock.

Does John D. Rainey still hold Walmart (WMT) shares after these sales?

Yes, John D. Rainey continues to hold a significant Walmart position. After the reported sales, his direct ownership stands at approximately 486,763.922 shares of Walmart common stock, indicating he retains substantial ongoing exposure to the company’s equity.

Were John D. Rainey’s Walmart (WMT) stock sales part of a trading plan?

Yes, the sales were executed under a Rule 10b5-1 trading plan. The plan was entered into during an open trading window and previously disclosed by Walmart on a Form 8-K, indicating the sales were scheduled in advance.

What type of transactions were reported in John D. Rainey’s Walmart (WMT) Form 4?

The filing reports non-derivative open-market sales of Walmart common stock. Both transactions are coded “S,” indicating standard sale transactions, and are described as sales in the open market or private transaction at specified weighted average prices.