Walmart (NYSE: WMT) EVP reports Rule 10b5-1 stock sales and 617K shares held

Rhea-AI Filing Summary

Walmart Inc. Executive Vice President (a reporting insider) disclosed open-market sales of company stock. On 12/01/2025, the insider sold 1,367 shares of Walmart common stock at a weighted average price of $111.04 per share and an additional 833 shares at a weighted average price of $111.5418 per share. Both transactions were coded as sales and reported as directly owned shares.

After these transactions, the insider reported owning 617,317.995 shares of Walmart common stock directly. The filing notes that each sale was executed under a pre-arranged Rule 10b5-1 trading plan that was entered into during an open trading window and previously disclosed by Walmart on a Form 8-K dated September 6, 2024. The prices reported reflect weighted average sale prices across multiple trades within the stated price ranges.

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).

X

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^*

Rainey John D

(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)
12/01/2025

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	12/01/2025		S		1,367(1)	D	$111.04	618,150.995	D
Common	12/01/2025		S		833(2)	D	$111.5418	617,317.995	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 pursuant to a Rule 10b5-1 plan that was entered into by the Reporting Person during an open trading window and disclosed by the Issuer on Form 8-K on September 6, 2024. This transaction was executed in multiple trades at prices ranging from $110.46 to $111.43 , inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request of the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

2. This sale was executed pursuant to a Rule 10b5-1 plan that was entered into by the Reporting Person during an open trading window and disclosed by the Issuer on Form 8-K on September 6, 2024. This transaction was executed in multiple trades at prices ranging from $111.46 to $111.73, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request of the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ Dirk Gardner, by power of attorney	12/02/2025
	** 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 transaction did Walmart (WMT) report in this Form 4?

An Executive Vice President of Walmart Inc. reported selling Walmart common stock in two transactions on 12/01/2025, totaling 1,367 shares at a weighted average price of $111.04 and 833 shares at a weighted average price of $111.5418.

How many Walmart (WMT) shares does the insider own after the reported sales?

Following the reported transactions, the Executive Vice President directly owns 617,317.995 shares of Walmart common stock.

Were the Walmart (WMT) insider sales made under a Rule 10b5-1 trading plan?

Yes. Both sales were executed under a pre-arranged Rule 10b5-1 plan that the reporting person entered into during an open trading window and that Walmart disclosed on Form 8-K on September 6, 2024.

What were the price ranges for the Walmart (WMT) insider stock sales?

One transaction was executed in multiple trades at prices ranging from $110.46 to $111.43, and the other in trades from $111.46 to $111.73. The Form 4 reports weighted average sale prices of $111.04 and $111.5418, respectively.

What is the reporting person’s role at Walmart (WMT)?

The reporting person is an Executive Vice President of Walmart Inc., as indicated in the relationship section of the Form 4.

Is this Walmart (WMT) Form 4 filed by one or multiple insiders?

This Form 4 is indicated as being filed by one reporting person, not a group filing.