=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-06-16
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Walmart Inc. (WMT)
CIK: 0000104169
--- Reporting Owner ---
Name: Walton Family Holdings Trust
CIK: 0001678632
Role: 10%+ Owner
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common
Date: 2026-06-16 | Code: J (Other acquisition/disposition)
Shares: -886,000 | Price: $0.00
Shares Owned After: 506,730,456 | Ownership: D (Direct)
Footnotes:
[F1] The transaction is a distribution of 886,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust.
[F1] The transaction is a distribution of 886,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust.
[F1] The transaction is a distribution of 886,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust.
[Transaction #2]
Security: Common
Date: 2026-06-16 | Code: S (Open market sale)
Shares: -3,860,251 | Price: $120.98
Total Value: $467,032,467.24
Shares Owned After: 502,870,205 | Ownership: D (Direct)
Footnotes:
[F2] This sale was executed in multiple trades at prices ranging from $120.37 to $121.3699, 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.
[Transaction #3]
Security: Common
Date: 2026-06-16 | Code: S (Open market sale)
Shares: -539,737 | Price: $121.78
Total Value: $65,730,251.33
Shares Owned After: 502,330,468 | Ownership: D (Direct)
Footnotes:
[F3] This sale was executed in multiple trades at prices ranging from $121.37 to $122.3699, 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.
[Transaction #4]
Security: Common
Date: 2026-06-16 | Code: S (Open market sale)
Shares: -24,716 | Price: $122.42
Total Value: $3,025,690.70
Shares Owned After: 502,305,752 | Ownership: D (Direct)
Footnotes:
[F4] This sale was executed in multiple trades at prices ranging from $122.37 to $122.55, 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.
--- Footnotes (Complete Index) ---
F1: The transaction is a distribution of 886,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust.
F2: This sale was executed in multiple trades at prices ranging from $120.37 to $121.3699, 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.
F3: This sale was executed in multiple trades at prices ranging from $121.37 to $122.3699, 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.
F4: This sale was executed in multiple trades at prices ranging from $122.37 to $122.55, 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.
--- Signature ---
/s/ /s/ Jennifer F. Rudolph, by Power of Attorney (2026-06-18)
