Walmart (NASDAQ: WMT) EVP James sells 2,900 shares under 10b5-1 plan

Rhea-AI Filing Summary

Walmart Inc. executive vice president Nicholas Christopher James reported selling a total of 2,900 common shares on July 16, 2026 in two non-derivative sales coded “S” (Sale in open market or private transaction) at weighted-average prices of $113.8743 and $114.4787. The trades were executed in multiple lots within disclosed price ranges under a Rule 10b5-1 trading plan entered into during an open trading window and previously disclosed on Form 8-K, with reported direct holdings of 573,314.2690 and 572,053.2690 shares after the respective sales.

Insider Trade Summary 10b5-1

Net Seller: 2,900 shares ($330,998)

Net Sell 2 txns

Insider Nicholas Christopher James

Role Executive Vice President

Sold 2,900 shs ($331K)

Type	Security	Shares	Price	Value
Sale	Common	1,639	$113.8743	$187K
Sale	Common	1,261	$114.4787	$144K

Holdings After Transaction: Common — 573,314.269 shares (Direct)

Footnotes (1)

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 December 29, 2025. This transaction was executed in multiple trades at prices ranging from $113.650 to $114.160, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request of the SEC staff, the Issuer or a security holder of the Issuer, 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 $114.165 to $114.865, 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.

Key Figures

Shares sold (transaction 1): 1261.0000 shares Weighted-average price (transaction 1): $114.4787 per share Shares sold (transaction 2): 1639.0000 shares +5 more

8 metrics

Shares sold (transaction 1) 1261.0000 shares Non-derivative sale of common stock on 2026-07-16

Weighted-average price (transaction 1) $114.4787 per share Sale in open market or private transaction, multiple trades

Shares sold (transaction 2) 1639.0000 shares Non-derivative sale of common stock on 2026-07-16

Weighted-average price (transaction 2) $113.8743 per share Sale in open market or private transaction, multiple trades

Total shares sold 2900 shares Sum of reported non-derivative sales in this Form 4

Holdings after sale (higher figure) 573,314.2690 shares Direct common shares held after one of the reported sales

Holdings after sale (lower figure) 572,053.2690 shares Direct common shares held after the other reported sale

Price range (transaction 2) $113.650 to $114.160 Range of individual trade prices for the 1,639-share sale

Key Terms

Rule 10b5-1 plan, weighted average sale price, open trading window, Form 8-K

4 terms

Rule 10b5-1 plan regulatory

"This sale was executed pursuant to a Rule 10b5-1 plan that was entered into..."

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

weighted average sale price financial

"The price reported above reflects the weighted average sale price."

open trading window regulatory

"plan that was entered into by the Reporting Person during an open trading window..."

A designated period when company executives, directors and certain employees are permitted to buy or sell their employer’s stock under the company’s trading policy because material information has been disclosed. Think of it like scheduled store hours after a big delivery: it reduces the risk of trading on secret information, and investors watch insider activity during these windows as a signal of how those closest to the business view its prospects.

Form 8-K regulatory

"disclosed by the Issuer on Form 8-K on December 29, 2025."

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 05:57 PM Accepted by SEC EDGAR 07/17/2026 - 05:57 PM Learn about SEC filing dates

FAQ

What did Walmart (WMT) executive Nicholas Christopher James report on this Form 4?

Nicholas Christopher James, an executive vice president at Walmart, reported two sales of company common stock. He sold a total of 2,900 common shares on July 16, 2026 in two sales coded “S”. The weighted-average prices were $113.8743 and $114.4787, executed under a Rule 10b5-1 plan adopted by James.

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

He sold 2,900 Walmart common shares in total, split into blocks of 1,639 and 1,261 shares. The weighted-average sale prices were $113.8743 per share for the 1,639-share sale and $114.4787 per share for the 1,261-share sale, both executed in multiple trades.

Were Nicholas Christopher James’s Walmart (WMT) share sales made under a Rule 10b5-1 plan?

Yes, both reported transactions were executed under a Rule 10b5-1 plan entered into during an open trading window. The plan was previously disclosed by Walmart on Form 8-K dated December 29, 2025, indicating the sales followed a pre-arranged trading schedule.

What were the trading price ranges for Nicholas Christopher James’s Walmart (WMT) stock sales?

The 1,639-share sale used trades executed between $113.650 and $114.160 per share. The 1,261-share sale used trades between $114.165 and $114.865 per share. In each case, the Form 4 reports a weighted average sale price for the transaction.

How many Walmart (WMT) shares did Nicholas Christopher James hold after the reported transactions?

Reported direct holdings after the sales were 573,314.2690 shares following one transaction and 572,053.2690 shares following the other. These figures reflect James’s direct ownership positions immediately after each respective sale, as disclosed in the non-derivative transaction table.

On what date were Nicholas Christopher James’s Walmart (WMT) stock sales executed?

Both reported transactions occurred on July 16, 2026. On that date, Nicholas Christopher James executed two non-derivative sales of Walmart common stock under his Rule 10b5-1 plan, totaling 2,900 shares sold across multiple trades within the disclosed price ranges.

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).

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^*

Nicholas Christopher James

(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)
07/16/2026

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	07/16/2026		S		1,639(1)	D	$113.8743(2)	573,314.269	D
Common	07/16/2026		S		1,261(1)	D	$114.4787(3)	572,053.269	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 December 29, 2025.

2. This transaction was executed in multiple trades at prices ranging from $113.650 to $114.160, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request of the SEC staff, the Issuer or a security holder of the Issuer, 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 $114.165 to $114.865, 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/ Mary Marshall, by power of attorney	07/17/2026
	** 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)