Walmart (NYSE: WMT) EVP reports large stock grant and tax share withholding

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President Nicholas Christopher James reported two stock transactions in Walmart common shares. On January 13, 2026, 8,264.659 shares were withheld at $117.97 per share to cover tax obligations tied to vesting restricted stock, leaving him with 564,954.192 shares. On January 14, 2026, he received a grant of 20,956 shares of restricted stock at $0 per share, increasing his directly held stake to 585,910.192 shares. The new restricted shares are scheduled to vest in roughly equal parts on January 12, 2027, January 11, 2028, and January 9, 2029.

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)
01/13/2026

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	01/13/2026		F		8,264.659(1)	D	$117.97	564,954.192	D
Common	01/14/2026		A		20,956(2)	A	$0	585,910.192	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.

2. Restricted stock granted on January 14, 2026, scheduled to vest in approximately equal installments on January 12, 2027, January 11, 2028, and January 9, 2029.

Remarks:

	/s/ Dirk Gardner, by power of attorney	01/15/2026
	** 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).
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FAQ

What insider activity did Walmart (WMT) report in this Form 4?

The filing shows Executive Vice President Nicholas Christopher James had 8,264.659 shares of Walmart common stock withheld for taxes linked to restricted stock vesting and received a grant of 20,956 restricted shares.

Who is the insider involved in this Walmart (WMT) Form 4?

The reporting person is Nicholas Christopher James, an Executive Vice President of Walmart Inc.

How many Walmart shares were withheld for taxes from the EVP?

The Form 4 reports that 8,264.659 shares of Walmart common stock were withheld at $117.97 per share to satisfy tax withholding obligations when restricted stock vested.

What restricted stock grant did the Walmart EVP receive?

On January 14, 2026, the Executive Vice President received a grant of 20,956 shares of restricted stock at $0 per share.

When will the newly granted Walmart restricted stock vest?

The 20,956 restricted shares are scheduled to vest in approximately equal installments on January 12, 2027, January 11, 2028, and January 9, 2029.

How many Walmart shares does the EVP hold after these transactions?

Following the reported transactions, the Executive Vice President directly beneficially owns 585,910.192 shares of Walmart common stock.