Walton Trust trims Walmart (NYSE: WMT) stake by 1.06M shares

Rhea-AI Filing Summary

Walton Family Holdings Trust, a more than ten percent owner of Walmart Inc., reported several transactions in Walmart common stock. On March 2 and 4, 2026, the trust distributed 848,000 and 1,050,000 shares, respectively, to beneficiaries for no consideration. On March 2–4, 2026, it also completed open‑market sales totaling 1,064,907 shares at weighted‑average prices of about $128 per share, executed in multiple trades within narrow price ranges. Following these transactions, the trust directly held 519,618,042 Walmart shares.

Insider Trade Summary

Net Seller: 1,064,907 shares ($136,452,844)

Net Sell 5 txns

Insider Walton Family Holdings Trust

Role 10% Owner

Sold 1,064,907 shs ($136.45M)

Type	Security	Shares	Price	Value
Other	Common	1,050,000	$0.00	--
Sale	Common	67,796	$128.0015	$8.68M
Sale	Common	682,539	$128.1639	$87.48M
Other	Common	848,000	$0.00	--
Sale	Common	314,572	$128.1042	$40.30M

Holdings After Transaction: Common — 519,685,838 shares (Direct)

Footnotes (1)

1. The transaction is a distribution of 848,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust. This sale was executed in multiple trades at prices ranging from $128.00 to $128.48, inclusive. The price reported above reflects the weighted average sale 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. This sale was executed in multiple trades at prices ranging from $128.00 to $128.37, inclusive. The price reported above reflects the weighted average sale 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. The transaction is a distribution of 1,050,000 shares of Common Stock, for no consideration, by the Trust to beneficiaries of the Trust. This sale was executed in multiple trades at prices ranging from $128.00 to $128.04, inclusive. The price reported above reflects the weighted average sale 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Walton Family Holdings Trust

(Last) (First) (Middle)

P.O. BOX 1508

(Street)

BENTONVILLE AR 72712

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

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		J(1)		848,000(1)	D	$0(1)	521,732,949	D
Common	03/02/2026		S		314,572	D	$128.1042(2)	521,418,377	D
Common	03/03/2026		S		682,539	D	$128.1639(3)	520,735,838	D
Common	03/04/2026		J(4)		1,050,000(4)	D	$0(4)	519,685,838	D
Common	03/04/2026		S		67,796	D	$128.0015(5)	519,618,042	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. The transaction is a distribution of 848,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust.

2. This sale was executed in multiple trades at prices ranging from $128.00 to $128.48, inclusive. The price reported above reflects the weighted average sale 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.

3. This sale was executed in multiple trades at prices ranging from $128.00 to $128.37, inclusive. The price reported above reflects the weighted average sale 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.

4. The transaction is a distribution of 1,050,000 shares of Common Stock, for no consideration, by the Trust to beneficiaries of the Trust.

5. This sale was executed in multiple trades at prices ranging from $128.00 to $128.04, inclusive. The price reported above reflects the weighted average sale 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/ Jennifer F. Rudolph, 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 Walton Family Holdings Trust report in this Walmart (WMT) Form 4?

Walton Family Holdings Trust reported share distributions and sales of Walmart stock. It distributed shares to trust beneficiaries for no consideration and sold additional shares in open-market transactions, while remaining a large direct holder of Walmart common stock.

How many Walmart (WMT) shares did Walton Family Holdings Trust sell?

The trust sold 1,064,907 Walmart common shares. These sales occurred over several days in open-market or private transactions, as disclosed, and were reported with weighted-average sale prices around $128 per share.

At what prices were the Walmart (WMT) shares sold by Walton Family Holdings Trust?

The reported weighted-average sale prices were around $128 per share. Individual trades were executed in multiple transactions within tight ranges between approximately $128.00 and $128.48, according to the detailed price ranges disclosed in the footnotes.

What were the share distributions by Walton Family Holdings Trust involving Walmart (WMT)?

The trust distributed 848,000 and 1,050,000 Walmart shares. These distributions were made for no consideration to beneficiaries of the trust, meaning the recipients did not pay for the transferred shares.

How many Walmart (WMT) shares does Walton Family Holdings Trust hold after these transactions?

After the reported transactions, the trust held 519,618,042 Walmart shares directly. This figure reflects its direct ownership following the distributions to beneficiaries and the open-market sales of Walmart common stock.

What types of transactions were disclosed for Walton Family Holdings Trust in Walmart (WMT)?

The filing shows both “other” transactions and open-market sales. The “other” transactions are share distributions for no consideration to beneficiaries, while the sales are reported as open-market or private transactions in Walmart common stock.