Walmart director receives 231-share stock grant

Conde Cesar reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Conde Cesar reported acquisition or exercise transactions in this Form 4 filing.

Walmart Inc. director Cesar Conde received a grant of 231 shares of common stock as quarterly director compensation. The shares were valued using the closing price of $124.28 per share on the grant date. Following this award, Conde directly owns 31,588 Walmart common shares.

Insider Trade Summary

Grant/Award: 231 shares

Grant/Award 1 txn

Insider Conde Cesar

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common	231	$124.28	$29K

Holdings After Transaction: Common — 31,588 shares (Direct)

Footnotes (1)

1. F1. Represents quarterly director compensation, which the Reporting Person elected to receive in the form of shares. The number of shares was determined by using the closing price of the Issuer's common stock on the date of grant.

Key Figures

Shares granted: 231 shares Grant valuation price: $124.28 per share Shares owned after grant: 31,588 shares

3 metrics

Shares granted 231 shares Quarterly director compensation grant on March 31, 2026

Grant valuation price $124.28 per share Closing price used to determine share grant

Shares owned after grant 31,588 shares Total direct Walmart common shares held by Cesar Conde after transaction

Key Terms

quarterly director compensation, grant, award, or other acquisition, closing price

3 terms

quarterly director compensation financial

"Represents quarterly director compensation, which the Reporting Person elected"

grant, award, or other acquisition financial

"transaction code description": "Grant, award, or other acquisition"

closing price financial

"determined by using the closing price of the Issuer's common stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Walmart (WMT) director Cesar Conde report?

Cesar Conde reported receiving 231 Walmart common shares as quarterly director compensation. The award is classified as a grant or other acquisition and increases his direct ownership stake in Walmart, as disclosed in the Form 4 insider filing.

How many Walmart (WMT) shares does Cesar Conde hold after this Form 4?

After the reported transaction, Cesar Conde directly holds 31,588 Walmart common shares. This total includes the 231-share quarterly director compensation grant received on March 31, 2026, as shown in the Form 4 filing.

What price was used to determine Cesar Conde’s Walmart (WMT) share grant?

The number of shares granted to Cesar Conde was based on Walmart’s closing common stock price of $124.28 on the grant date. That closing price was used to convert his quarterly director compensation into an equivalent number of shares.

Is Cesar Conde’s Walmart (WMT) Form 4 transaction a purchase or a compensation grant?

The Form 4 transaction is a compensation grant, not an open-market purchase. It reflects quarterly director compensation that Conde elected to receive in Walmart shares, categorized as a grant, award, or other acquisition of common stock.

How did Cesar Conde elect to receive his Walmart (WMT) director compensation?

Cesar Conde elected to receive his quarterly director compensation in the form of Walmart common shares. The company determined the 231-share amount by dividing his cash-equivalent compensation by the stock’s $124.28 closing price on the grant date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/02/2026 - 05:54 PM Learn about SEC filing dates

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^*

Conde Cesar

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		A		231(1)	A	$124.28	31,588	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 quarterly director compensation, which the Reporting Person elected to receive in the form of shares. The number of shares was determined by using the closing price of the Issuer's common stock on the date of grant.

Remarks:

	/s/ Mary Marshall, by power of attorney	04/02/2026
	** 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)