Walmart (NYSE: WMT) EVP sells 34,082 shares in open-market trade

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Nicholas Christopher James reported an open-market sale of 34,082 shares of Walmart common stock at $122.00 per share on February 20, 2026. After this transaction, he directly holds 533,465.838 shares of Walmart common stock.

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

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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).

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 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)
02/20/2026

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	02/20/2026		S		34,082	D	$122	533,465.838	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:

Remarks:

	/s/ Dirk Gardner, by power of attorney	02/23/2026
	** 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 insider transaction did Walmart (WMT) report for Nicholas Christopher James?

Walmart reported that Executive Vice President Nicholas Christopher James executed an open-market sale of 34,082 shares of Walmart common stock. The transaction was reported on a Form 4 insider filing and reflects a routine insider share sale disclosure.

How many Walmart (WMT) shares did Nicholas Christopher James sell and at what price?

Nicholas Christopher James sold 34,082 shares of Walmart common stock at a price of $122.00 per share. The Form 4 identifies this as a sale of non-derivative common stock in an open-market or private transaction.

What type of transaction did the Walmart (WMT) executive use for the share sale?

The transaction is classified as an open-market sale of non-derivative Walmart common stock. The Form 4 uses transaction code S, described as a sale in open market or private transaction, indicating a direct sale of existing shares.

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

After the reported sale, Nicholas Christopher James directly holds 533,465.838 shares of Walmart common stock. This post-transaction ownership figure is disclosed in the Form 4 as the total shares beneficially owned following the transaction.

What is Nicholas Christopher James’s role at Walmart (WMT) in this Form 4 filing?

In the Form 4, Nicholas Christopher James is identified as an Executive Vice President of Walmart Inc. The filing notes he is an officer of the company and not a director or ten-percent beneficial owner in this context.

Is the Walmart (WMT) share sale by Nicholas Christopher James direct or indirect ownership?

The Form 4 shows the transaction under direct ownership, with the ownership code listed as “D.” This means the reported 34,082 shares sold and the remaining 533,465.838 shares are held directly rather than through an intermediary entity.