Walton Family Holdings Trust trims Walmart (WMT) stake with 3.28M-share open-market sale

Q: How many Walmart (WMT) shares did Walton Family Holdings Trust sell and at what prices?

The trust sold 3,279,000 Walmart common shares in three transactions. Shares were sold at weighted average prices of $122.3277 , $122.7118 , and $123.1054 per share, each representing multiple trades executed within disclosed intraday price ranges.

Q: Over what dates did Walton Family Holdings Trust sell Walmart (WMT) shares?

The reported sales took place on March 24, 2026 and March 25, 2026 . One transaction occurred on March 24, followed by two additional transactions on March 25, all classified as open-market sales of Walmart common stock.

Q: Were the Walmart (WMT) sales by Walton Family Holdings Trust executed as single trades or multiple trades?

Each sale was executed in multiple trades within specified price ranges . The Form 4 reports a single weighted average sale price for each transaction, and the trust offers to provide full trade-level details upon request to the issuer, shareholders, or SEC staff.

Q: Did the Walton Family Holdings Trust Form 4 for Walmart (WMT) involve derivative securities?

No. All reported transactions involve non-derivative Walmart common shares coded as open-market sales. The derivative section of the filing is empty, indicating no option exercises, conversions, or other derivative transactions were reported alongside these share sales.

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Walton Family Holdings Trust reported open-market sales of 3,279,000 Walmart Inc. common shares in late March. The trust sold 299,237 shares on March 24, 2026 at a weighted average price of $122.3277 per share. On March 25, 2026, it sold 1,069,299 shares at a weighted average price of $122.7118 and 1,910,464 shares at $123.1054. After these transactions, the trust continued to hold 513,524,456 Walmart common shares directly.

Insights

Large Walton family trust sales appear as partial, routine trimming given remaining stake.

Walton Family Holdings Trust, a more-than-10% owner of Walmart Inc., executed three open-market sales totaling 3,279,000 common shares at prices around $122–$123 per share. All transactions are standard sale code S with no derivatives involved.

Following these sales, the trust still holds 513,524,456 common shares directly, according to the filing. With no remaining derivative positions disclosed, this looks like a straightforward reduction in a very large long-standing equity stake rather than a complete exit.

The footnotes clarify that each reported price is a weighted average from multiple trades within stated price ranges, which is typical for sizable institutional transactions executed across the market during a trading day.

Insider Trade Summary

Net Seller: 3,279,000 shares ($403,009,014)

Net Sell 3 txns

Insider Walton Family Holdings Trust

Role 10% Owner

Sold 3,279,000 shs ($403.01M)

Type	Security	Shares	Price	Value
Sale	Common	1,069,299	$122.7118	$131.22M
Sale	Common	1,910,464	$123.1054	$235.19M
Sale	Common	299,237	$122.3277	$36.60M

Holdings After Transaction: Common — 515,434,920 shares (Direct)

Footnotes (1)

This sale was executed in multiple trades at prices ranging from $122.00 to $122.7666, 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. This sale was executed in multiple trades at prices ranging from $122.00 to $122.9999, 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. This sale was executed in multiple trades at prices ranging from $123.00 to $123.485, 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.

Form 4 Insider Transactions: What Each Field Means →

03/26/2026 - 05:26 PM

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^*

Walton Family Holdings Trust

(Last)

(First)

(Middle)

P.O. BOX 1508

(Street)

BENTONVILLE

ARKANSAS

72712

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common	03/24/2026		S		299,237	D	$122.3277⁽¹⁾	516,504,219	D
Common	03/25/2026		S		1,069,299	D	$122.7118⁽²⁾	515,434,920	D
Common	03/25/2026		S		1,910,464	D	$123.1054⁽³⁾	513,524,456	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This sale was executed in multiple trades at prices ranging from $122.00 to $122.7666, 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.

2. This sale was executed in multiple trades at prices ranging from $122.00 to $122.9999, 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.

3. This sale was executed in multiple trades at prices ranging from $123.00 to $123.485, 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.

Remarks:

	/s/ Jennifer F. Rudolph, by Power of Attorney	03/26/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Walton Family Holdings Trust report in its latest Walmart (WMT) Form 4?

Walton Family Holdings Trust reported open-market sales of 3,279,000 Walmart common shares. These sales occurred over two days in March 2026 at weighted average prices slightly above $122–$123 per share, reflecting a partial reduction of its large ownership stake.

How many Walmart (WMT) shares did Walton Family Holdings Trust sell and at what prices?

The trust sold 3,279,000 Walmart common shares in three transactions. Shares were sold at weighted average prices of $122.3277, $122.7118, and $123.1054 per share, each representing multiple trades executed within disclosed intraday price ranges.

Over what dates did Walton Family Holdings Trust sell Walmart (WMT) shares?

The reported sales took place on March 24, 2026 and March 25, 2026. One transaction occurred on March 24, followed by two additional transactions on March 25, all classified as open-market sales of Walmart common stock.

How many Walmart (WMT) shares does Walton Family Holdings Trust hold after these sales?

After the reported transactions, Walton Family Holdings Trust holds 513,524,456 Walmart common shares directly. This post-transaction figure comes from the latest line in the filing and indicates the trust still retains a very large ownership position in the company.

Were the Walmart (WMT) sales by Walton Family Holdings Trust executed as single trades or multiple trades?

Each sale was executed in multiple trades within specified price ranges. The Form 4 reports a single weighted average sale price for each transaction, and the trust offers to provide full trade-level details upon request to the issuer, shareholders, or SEC staff.

Did the Walton Family Holdings Trust Form 4 for Walmart (WMT) involve derivative securities?

No. All reported transactions involve non-derivative Walmart common shares coded as open-market sales. The derivative section of the filing is empty, indicating no option exercises, conversions, or other derivative transactions were reported alongside these share sales.