Walmart EVP Guggina has shares withheld for taxes

A Walmart executive had a small number of vested shares withheld for taxes, leaving a sizable remaining direct ownership position.

Rhea-AI Filing Summary

Walmart Inc. (WMT) reported that Executive Vice President David W. Guggina had 117.725 shares of Walmart common stock withheld on September 8, 2026 to satisfy tax withholding obligations upon the vesting of restricted stock. After this tax-withholding disposition, he directly holds 124,724.127 shares of common stock, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Tax Withholding: 117.725 shares

Tax Withholding 1 txn

Insider Guggina David W

Role Executive Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common F1	117.725	$107.14	$13K

Holdings After Transaction: Common — 124,724.127 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock. A portion of the remaining vested shares was deferred by the Reporting Person to a future date.

Key Figures

Shares withheld for tax: 117.725 shares Tax-withholding valuation price: $107.14 per share Shares held after transaction: 124,724.127 shares

3 metrics

Shares withheld for tax 117.725 shares Common stock withheld on September 8, 2026 to satisfy tax withholding obligations

Tax-withholding valuation price $107.14 per share Value used for the 117.725 shares withheld for taxes

Shares held after transaction 124,724.127 shares Direct ownership of David W. Guggina following the reported transaction

Key Terms

restricted stock, tax withholding obligations, vested shares, deferred

4 terms

restricted stock financial

"upon the vesting of restricted stock. A portion of the remaining"

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 upon the vesting"

vested shares financial

"A portion of the remaining vested shares was deferred by the"

deferred financial

"A portion of the remaining vested shares was deferred by the"

FAQ

What insider transaction did Walmart (WMT) disclose for David W. Guggina?

Walmart disclosed that Executive Vice President David W. Guggina had 117.725 shares of common stock withheld on September 8, 2026 to cover tax withholding obligations upon the vesting of restricted stock.

Was the Walmart (WMT) insider transaction a market sale or tax withholding?

The transaction was tax withholding. 117.725 shares were withheld to satisfy tax withholding obligations when restricted stock vested; it was not reported as an open-market purchase or sale.

How many Walmart (WMT) shares does David W. Guggina hold after this Form 4 event?

Following the tax-withholding disposition, David W. Guggina directly holds 124,724.127 shares of Walmart common stock, as reported in the Form 4 filing.

At what price were the withheld Walmart (WMT) shares valued in the Form 4?

The 117.725 shares withheld for taxes were valued at $107.14 per share in the Form 4, reflecting the price used for the tax-withholding calculation.

Was the Walmart (WMT) insider transaction under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so the reported tax-withholding disposition was not affirmed as being made under a Rule 10b5-1 trading plan.

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

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Available on EDGAR 09/09/2026 - 05:10 PM Accepted by SEC EDGAR 09/09/2026 - 05:10 PM 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^*

Guggina David W

(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)
09/08/2026

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	09/08/2026		F		117.725(1)	D	$107.14	124,724.127	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. A portion of the remaining vested shares was deferred by the Reporting Person to a future date.

Remarks:

	/s/ Mary Marshall, by power of attorney	09/09/2026
	** 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)