Steuart Walton (NYSE: WMT) moves 35,000 Walmart shares via gift

Rhea-AI Filing Summary

Walmart Inc. director Steuart L. Walton reported non-market movements of Walmart common stock. On March 13, he received 35,000 shares for no consideration in a distribution from the Walton Family Holdings Trust. On March 17, he made a charitable gift of 35,000 shares. After these transactions, he directly holds 79,771.574 shares, and indirectly holds 93,654 shares through his spouse. These actions are classified as a bona fide gift and an “other” acquisition/disposition, not open-market buying or selling.

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

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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^*

Walton Steuart L

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		J(1)		35,000(1)	A	$0(1)	114,771.574	D
Common	03/17/2026		G		35,000	D	$0(2)	79,771.574	D
Common								93,654	I	By spouse

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. The transaction is the receipt of 35,000 shares of Common Stock, for no consideration, by the Reporting Person in a distribution from the Walton Family Holdings Trust.

2. On March 17, 2026, the Reporting Person made a charitable gift of 35,000 shares of Common Stock.

Remarks:

	/s/ Jennifer F. Rudolph, by power of attorney	03/17/2026
	** 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.

FAQ

What insider transactions did Steuart L. Walton report for Walmart (WMT)?

Steuart L. Walton reported receiving 35,000 Walmart shares from the Walton Family Holdings Trust and then gifting 35,000 shares to charity. Both were non-cash, non-market transactions, categorized as an “other” transfer and a bona fide charitable gift of common stock.

Did Steuart L. Walton buy or sell Walmart (WMT) shares on the open market?

No open-market purchases or sales were reported. The Form 4 shows a 35,000-share distribution from the Walton Family Holdings Trust and a 35,000-share charitable gift, both at zero price, so they do not reflect active market trading decisions.

How many Walmart (WMT) shares does Steuart L. Walton hold after these transactions?

Following the reported transactions, Steuart L. Walton directly holds 79,771.574 Walmart common shares. He also indirectly holds 93,654 shares through his spouse, giving him significant exposure via both direct and indirect ownership positions reported in the filing.

What is the nature of the 35,000-share distribution reported for Walmart (WMT)?

The 35,000-share transaction is described as the receipt of Walmart common stock for no consideration from the Walton Family Holdings Trust. It is an internal distribution, not a market trade, and is categorized as an “other” acquisition or disposition on the Form 4.

How is the 35,000-share charitable gift of Walmart (WMT) stock classified?

The 35,000-share charitable transfer is classified as a bona fide gift. It is coded as a “G” transaction with a price of zero, indicating a non-cash donation of Walmart common stock rather than a sale for proceeds in the open market.