STOCK TITAN

Walton Family Trust trims 1,269,271 Walmart (NYSE: WMT) shares

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Walton Family Holdings Trust, a more than 10% owner of Walmart Inc., reported open-market sales totaling 1,269,271 shares of Walmart common stock over three days. The shares were sold on February 23, 24 and 25, 2026 at weighted average prices between $125.6253 and $127.1710 per share. After these transactions, the trust directly owned 524,607,185 Walmart shares.

Positive

  • None.

Negative

  • None.

Insights

Large Walton family trust sales reduce its Walmart stake modestly but leave a very large holding.

Walton Family Holdings Trust disclosed four open-market sales of Walmart common stock, all coded as sales. In total, 1,269,271 shares were sold across February 23–25, 2026 at weighted average prices from $125.6253 to $127.1710 per share.

Following these transactions, the trust still directly held 524,607,185 shares. The filing notes that each sale was executed in multiple trades within stated price ranges and that detailed trade data is available on request, which is standard transparency language for large, programmatic transactions.

Insider Walton Family Holdings Trust
Role 10% Owner
Sold 1,269,271 shs ($159.84M)
Type Security Shares Price Value
Sale Common 65,537 $127.171 $8.33M
Sale Common 3,734 $127.0144 $474K
Sale Common 844,309 $125.6253 $106.07M
Sale Common 355,691 $126.4016 $44.96M
Holdings After Transaction: Common — 524,607,185 shares (Direct)
Footnotes (1)
  1. This sale was executed in multiple trades at prices ranging from $125.00 to $125.99, 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 $126.00 to $126.80, 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 $127.00 to $127.02, 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 $127.00 to $127.40, 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.
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*
Walton Family Holdings Trust

(Last) (First) (Middle)
P.O. BOX 1508

(Street)
BENTONVILLE AR 72712

(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 X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026
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 02/23/2026 S 844,309 D $125.6253(1) 525,032,147 D
Common 02/23/2026 S 355,691 D $126.4016(2) 524,676,456 D
Common 02/24/2026 S 3,734 D $127.0144(3) 524,672,722 D
Common 02/25/2026 S 65,537 D $127.171(4) 524,607,185 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 in multiple trades at prices ranging from $125.00 to $125.99, 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.
2. This sale was executed in multiple trades at prices ranging from $126.00 to $126.80, 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.
3. This sale was executed in multiple trades at prices ranging from $127.00 to $127.02, 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.
4. This sale was executed in multiple trades at prices ranging from $127.00 to $127.40, 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/ Jennifer F. Rudolph, by Power of Attorney 02/25/2026
** 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

How many Walmart (WMT) shares did Walton Family Holdings Trust sell?

Walton Family Holdings Trust sold a total of 1,269,271 Walmart common shares. These were executed as four open-market transactions over three days, reducing the trust’s holdings while still leaving it with a very large remaining stake in Walmart.

On what dates did Walton Family Holdings Trust sell Walmart (WMT) shares?

The trust sold Walmart shares on February 23, 24 and 25, 2026. The Form 4 shows two separate sale entries on February 23 and one each on February 24 and February 25, all classified as open-market sales of common stock.

What prices did Walton Family Holdings Trust receive for the Walmart (WMT) share sales?

The reported weighted average sale prices ranged from $125.6253 to $127.1710 per share. Footnotes state each transaction was executed in multiple trades within specified price ranges, with detailed trade breakdowns available upon request to the issuer or regulators.

How many Walmart (WMT) shares does Walton Family Holdings Trust own after these sales?

After the reported transactions, the trust directly owned 524,607,185 Walmart common shares. This figure reflects its holdings following the final sale on February 25, 2026, and confirms it remains a very large shareholder exceeding the 10% ownership threshold.

What type of transactions did Walton Family Holdings Trust report in this Walmart (WMT) Form 4?

All reported transactions are open-market sales of Walmart common stock, coded as “S” on Form 4. The filing describes each as a sale in open market or private transactions, with no purchases or derivative exercises disclosed in this particular report.

Why do the Walmart (WMT) Form 4 footnotes mention price ranges for the Walton trust’s sales?

The footnotes explain that each sale occurred in multiple trades within a price range, and the reported price is a weighted average. They also state the trust will provide full trade details, including share counts and exact prices, to interested parties upon request.