Walton Family Trust sells Walmart (NYSE: WMT) shares, distributes stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Walton Family Holdings Trust, a major shareholder of Walmart Inc., reported several transactions in Walmart common stock. The trust sold a total of 2,123,840 shares in open-market trades on May 22 and May 26, 2026 at weighted average prices around $119–$121 per share.
In addition, the trust recorded an “other” transaction involving a distribution of 1,551,000 shares of common stock to beneficiaries of the trust for no consideration. After these moves, the trust continued to hold slightly more than 510 million Walmart shares directly, indicating that only a small fraction of its overall position changed hands.
Positive
- None.
Negative
- None.
Insights
Large shareholder sells and redistributes shares but keeps a sizable stake.
Walton Family Holdings Trust executed open-market sales totaling 2,123,840 shares of Walmart common stock on May 22 and May 26, 2026. Sale prices clustered between roughly $119 and $121 per share, reported as weighted averages.
The trust also completed a restructuring-style move coded “J”, distributing 1,551,000 shares to trust beneficiaries for no consideration, which is non-cash and not a market sale. Following these actions, the trust still directly holds about 510 million shares, so the transactions affect only a modest portion of its visible position.
From an ownership-structure perspective, this filing mainly documents portfolio management and estate planning activity by a large existing holder, rather than a change in corporate control. Future company filings may provide additional context on any broader ownership shifts among related Walton entities.
Insider Trade Summary
Net Seller: 2,123,840 shares ($254,437,475)
Net Sell
7 txns
Insider
Walton Family Holdings Trust
Role
null
Sold
2,123,840 shs ($254.44M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common | 1,551,000 | $0.00 | -- |
| Sale | Common | 511,637 | $119.1607 | $60.97M |
| Sale | Common | 19,442 | $120.4638 | $2.34M |
| Sale | Common | 1,261 | $121.011 | $153K |
| Sale | Common | 638,881 | $119.6579 | $76.45M |
| Sale | Common | 949,671 | $120.2224 | $114.17M |
| Sale | Common | 2,948 | $121.0698 | $357K |
Holdings After Transaction:
Common — 510,381,956 shares (Direct, null)
Footnotes (1)
- This sale was executed in multiple trades at prices ranging from $119.00 to $119.9999, 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 $120.00 to $120.9999, 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 $121.00 to $121.185, 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 1,551,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to beneficiaries of the Trust. This sale was executed in multiple trades at prices ranging from $121.00 to $121.0154, 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
Total shares sold: 2,123,840 shares
Shares distributed: 1,551,000 shares
Holding after distribution: 510,381,956 shares
+3 more
6 metrics
Total shares sold
2,123,840 shares
Net open-market sales reported in Form 4
Shares distributed
1,551,000 shares
Distribution to trust beneficiaries for no consideration
Holding after distribution
510,381,956 shares
Common stock held directly after J-code distribution
Sale price example
$119.1607 per share
Weighted average price for 511,637-share sale on May 26, 2026
Sale price example
$120.2224 per share
Weighted average price for 949,671-share sale on May 22, 2026
Sale price example
$121.0698 per share
Weighted average price for 2,948-share sale on May 22, 2026
Key Terms
open-market sale, weighted average sale price, distribution, beneficiaries, +1 more
5 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
distribution financial
"The transaction is a distribution of 1,551,000 shares of Common Stock"
A distribution is a payment or transfer of value from a company, fund, or trust to its shareholders or unit holders, commonly made in cash, additional shares, or other assets. Investors care because distributions provide income, reflect how much cash a business or fund can return to owners, can influence yield and taxable income, and often affect the share price much like a store handing out a portion of its profits to customers.
beneficiaries financial
"distribution ... by the Walton Family Holdings Trust to beneficiaries of the Trust"
Beneficiaries are the people or organizations designated to receive benefits, such as money or assets, from a financial arrangement like a trust, insurance policy, or retirement plan. They matter to investors because choosing the right beneficiaries ensures that assets are passed on according to their wishes, providing financial security or support to loved ones when needed. Think of beneficiaries as the intended recipients of a gift or inheritance.
Common Stock financial
"shares of Common Stock, for no consideration, by the Walton Family Holdings Trust"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
Does this Walmart (WMT) Form 4 show option exercises or derivative trades by Walton Family Holdings Trust?
No, the Form 4 lists only non-derivative transactions in Walmart common stock. The derivativeSummary section is empty, and the transaction codes are S for open-market sales and J for an “other” distribution, with no option exercises or other derivative activity reported.
Are the Walton Family Holdings Trust Walmart (WMT) sales single trades or multiple executions?
The filing explains that several reported sales were executed in multiple trades within specified price ranges. The prices shown are weighted average sale prices, and the trust offers to provide full trade-by-trade details upon request to the issuer, security holders, or SEC staff.