Form 4: Walmart EVP Sells Shares Under 10b5-1 Plan

Walmart Executive Vice President Kathryn J. McLay sold 4,000 shares of common stock for $115.21 per share on December 19, 2025, under a pre-arranged 10b5-1 plan.

Summary

• Kathryn J. McLay, Executive Vice President of Walmart Inc. (WMT), reported a sale of common stock.
• The transaction involved the disposition of 4,000 shares of common stock.
• The shares were sold at a price of $115.21 per share.
• The sale occurred on December 19, 2025.
• This transaction was executed pursuant to a Rule 10b5-1 Plan, which was entered into during an open trading window and disclosed by Walmart on Form 8-K on November 22, 2024.
• Following this transaction, Ms. McLay beneficially owns 1,031,455.036 shares of Walmart common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 plan, which is a neutral event and does not typically convey positive or negative sentiment regarding the company's performance or outlook.

Industry Context

This filing reports a routine insider transaction for Walmart, a major player in the retail industry. Such pre-scheduled sales under 10b5-1 plans are common among executives for personal financial planning and are generally not indicative of specific company or industry-wide trends.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a pre-scheduled sale under a 10b5-1 plan, indicating a planned liquidity event rather than a reaction to new company news.

Key Dates

Recommendation

The filing details a pre-scheduled insider sale by an Executive Vice President under a Rule 10b5-1 plan. Such transactions are generally considered routine and do not typically signal a change in the company's fundamental outlook or warrant an immediate change in investment recommendation. Investors should consider broader company performance and market conditions.

Keywords

Walmart, WMT, Insider Sale, Form 4, Kathryn J. McLay, 10b5-1 Plan, Executive Vice President, Common Stock