[Form 4] Walmart Inc. Insider Trading Activity

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President John R. Furner reported routine equity transactions in company stock. On January 13, 2026, 17,311.128 shares of common stock were withheld at $117.97 per share to cover tax obligations tied to vesting restricted stock. On January 14, 2026, he received a grant of 23,750 shares of restricted stock at no cost, scheduled to vest in three approximately equal installments in January 2027, January 2028, and January 2029. Following these transactions, he directly held 740,279.969 shares of Walmart common stock, with additional indirect holdings of 5,651.1865 shares through a 401(k) plan and 132,850 shares through a spousal trust.

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^*

Furner John R.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

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	01/13/2026		F		17,311.128(1)	D	$117.97	716,529.508	D
Common	01/14/2026		A		23,750(2)	A	$0	740,279.969(3)	D
Common								5,651.1865(4)	I	By 401(k) plan
Common								132,850	I	By Spousal Trust

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 shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.

2. Restricted stock granted on January 14, 2026, scheduled to vest in approximately equal installments on January 12, 2027, January 11, 2028, and January 9, 2029.

3. Balance adjusted to reflect current shares held in the Walmart Inc. 2016 Associate Stock Purchase Plan.

4. Balance adjusted to reflect shares acquired through the Walmart 401(k) Plan.

Remarks:

	/s/ Dirk Gardner, by power of attorney	01/15/2026
	** 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 activity did Walmart (WMT) report for John R. Furner?

Walmart reported that Executive Vice President John R. Furner had 17,311.128 shares of common stock withheld on January 13, 2026 to satisfy tax obligations from vesting restricted stock, and received a grant of 23,750 restricted shares on January 14, 2026 at no cost.

How many Walmart shares were granted to John R. Furner in this Form 4?

The filing shows an award of 23,750 shares of restricted stock of Walmart common stock to John R. Furner on January 14, 2026 at a price of $0 per share.

Why were 17,311.128 Walmart shares withheld from John R. Furner?

The footnotes state that the 17,311.128 shares reported with transaction code F represent shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.

What is John R. Furner’s Walmart share ownership after these transactions?

After the reported transactions, John R. Furner directly owned 740,279.969 shares of Walmart common stock. He also had indirect holdings of 5,651.1865 shares through a 401(k) plan and 132,850 shares through a spousal trust.

How will the newly granted Walmart restricted stock vest for John R. Furner?

The 23,750 restricted shares granted on January 14, 2026 are scheduled to vest in approximately equal installments on January 12, 2027, January 11, 2028, and January 9, 2029.

Does the Form 4 show any derivative securities for Walmart (WMT)?

No derivative securities are listed in Table II of this Form 4; the reported holdings and transactions relate to Walmart common stock and plan or trust holdings.