=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-09-17
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Walmart Inc. (WMT)
CIK: 0000104169
--- Reporting Owner ---
Name: Nicholas Christopher James
CIK: 0001992808
Role: Officer (Executive Vice President)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common
Date: 2026-09-17 | Code: S (Open market sale)
Shares: -1,505 | Price: $106.49
Total Value: $160,263.84
Shares Owned After: 567,648.269 | Ownership: D (Direct)
Footnotes:
[F1] 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 December 29, 2025.
[F2] This sale was executed in multiple trades at prices ranging from $106.16 to $106.615, 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 #2]
Security: Common
Date: 2026-09-17 | Code: S (Open market sale)
Shares: -1,395 | Price: $106.83
Total Value: $149,021.99
Shares Owned After: 566,253.269 | Ownership: D (Direct)
Footnotes:
[F1] 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 December 29, 2025.
[F3] This sale was executed in multiple trades at prices ranging from $106.62 to $107.49, 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: 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 December 29, 2025.
F2: This sale was executed in multiple trades at prices ranging from $106.16 to $106.615, 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 $106.62 to $107.49, 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/ Mary Marshall, by power of attorney (2026-09-18)
