Walmart director receives stock grant as pay

Walmart Inc. director Cesar Conde reported receiving a stock grant of 254 shares of common stock as quarterly director compensation.

Rhea-AI Filing Summary

Walmart Inc. director Cesar Conde reported receiving a stock grant of 254 shares of common stock as quarterly director compensation. The grant was priced at $113.26 per share, based on the closing price on the grant date. After this award, Conde directly owns 33,777 Walmart shares. This is a compensation-related share acquisition rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 254 shares

Grant/Award 1 txn

Insider Conde Cesar

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common	254	$113.26	$29K

Holdings After Transaction: Common — 33,777 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: 254 shares Grant price: $113.26 per share Shares owned after: 33,777 shares

3 metrics

Shares granted 254 shares Quarterly director compensation stock grant

Grant price $113.26 per share Closing price on grant date used to determine award

Shares owned after 33,777 shares Direct Walmart common stock holdings after reported grant

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 to receive in the form of shares."

grant, award, or other acquisition financial

"Transaction code A is described as Grant, award, or other acquisition."

closing price financial

"The number of shares was determined by using the closing price of the Issuer's common stock on the date of grant."

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 a stock grant as part of quarterly director compensation. He acquired 254 shares of Walmart common stock, issued directly by the company, instead of taking this portion of his compensation in cash.

How many Walmart (WMT) shares did Cesar Conde receive and at what price?

Cesar Conde received 254 shares of Walmart common stock. The grant was valued using the closing price of Walmart’s stock on the grant date, which the filing states as $113.26 per share for this compensation-related award.

Was Cesar Conde’s Walmart (WMT) transaction an open-market stock purchase?

No, the transaction was not an open-market purchase. The filing describes it as quarterly director compensation that Conde elected to receive in shares, categorized as a grant, award, or other acquisition rather than a market buy.

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

Following the reported stock grant, Cesar Conde directly holds 33,777 shares of Walmart common stock. This figure reflects his position after adding the 254-share quarterly director compensation award disclosed in the Form 4 filing.

How was the number of Walmart (WMT) shares for Cesar Conde’s grant determined?

The number of shares was determined by dividing the quarterly director compensation amount by Walmart’s closing stock price on the grant date. The filing notes a price of $113.26 per share to calculate the 254-share award.

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

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Accepted by SEC EDGAR 07/02/2026 - 04:24 PM EDT 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)
06/30/2026

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	06/30/2026		A		254(1)	A	$113.26	33,777	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	07/02/2026
	** 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)