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

Walmart Executive Vice President John R. Furner sold 13,125 shares of common stock for a weighted average price of $103.7428 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• John R. Furner, Executive Vice President of Walmart Inc., reported a sale of common stock.
• The transaction involved 13,125 shares of Walmart common stock.
• The shares were sold at a weighted average price of $103.7428 per share.
• The sale was executed on September 18, 2025.
• This transaction was conducted pursuant to a Rule 10b5-1 trading plan, which was established during an open trading window and previously disclosed by Walmart on a Form 8-K on March 17, 2025.
• Following the sale, Mr. Furner directly beneficially owns 906,064.116 shares and indirectly owns 5,639.4454 shares through a 401(k) plan.
• The reported balance of directly owned shares is adjusted for shares acquired through the Walmart Inc. 2016 Associate Stock Purchase Plan.
• The reported balance of indirectly owned shares is adjusted to reflect shares acquired through the Walmart 401(k) Plan.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned sale under a Rule 10b5-1 plan, which is a routine event for executives and does not reflect new sentiment about the company's prospects. It is a neutral event.

Future Outlook

No specific future outlook or guidance is provided in this insider transaction report.

Industry Context

This is a routine insider transaction executed under a pre-arranged Rule 10b5-1 trading plan, a common practice across industries for executives to manage personal liquidity and diversification while adhering to insider trading regulations. Such planned sales are generally not indicative of new information regarding the company's performance or prospects.

Stakeholder Impact

• Minimal direct impact on shareholders as it is a pre-planned insider sale under a Rule 10b5-1 plan, which is a common and expected practice for executive financial management.

Key Dates

Recommendation

The reported transaction is a pre-planned sale by an executive under a Rule 10b5-1 plan, which is a common practice for managing personal finances and does not typically signal a change in the company's fundamental outlook or performance. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Walmart, WMT, insider trading, Form 4, stock sale, John R. Furner, 10b5-1 plan, executive stock transaction