Form 4: Walmart Executive Sells Over 13,000 Shares Under Pre-Arranged Plan

Walmart Executive Vice President John R. Furner sold 13,125 shares of common stock for approximately $1.25 million on July 17, 2025, as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• John R. Furner, Executive Vice President of Walmart Inc. (WMT), reported a sale of common stock.
• The transaction occurred on July 17, 2025, involving the disposition of 13,125 shares.
• The shares were sold at a weighted average price of $95.1356 per share, totaling approximately $1,248,984.75.
• The sale was executed pursuant to a Rule 10b5-1 Plan, which was entered into during an open trading window and disclosed by Walmart on a Form 8-K on March 17, 2025.
• Individual trade prices for the sale ranged from $94.97 to $95.3302.
• Following the reported transaction, John R. Furner directly beneficially owns 932,312.867 shares of common stock.
• Additionally, 5,625.8808 shares are indirectly beneficially owned through a 401(k) plan.
• The direct share balance was adjusted for shares acquired through the Walmart Inc. Associate Stock Purchase Plan.
• The indirect share balance was adjusted to reflect shares acquired through the Walmart Inc. 401(k) Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction executed under a pre-arranged Rule 10b5-1 plan, which is a standard practice for executives managing their stock holdings.

Positives

• The sale was conducted under a Rule 10b5-1 Plan, demonstrating adherence to corporate governance best practices and transparency regarding insider transactions.
• The executive retains a substantial direct and indirect beneficial ownership in Walmart Inc. following the sale.

Negatives

• The transaction represents a reduction in direct insider ownership of Walmart common stock.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The 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 March 17, 2025.
• 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.

Industry Context

This Form 4 filing details a routine insider stock transaction and does not provide broader industry context or trends.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a pre-scheduled, routine insider sale. The executive retains significant ownership, indicating continued alignment with shareholder interests.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• The reporting person undertakes to provide full information regarding the number of shares and prices at which the transaction was effected upon request from the Issuer, any security holder, or the SEC staff.

Key Dates

Recommendation

Keywords

Walmart, WMT, Form 4, Insider Sale, John R. Furner, Rule 10b5-1 Plan, Executive Compensation, Stock Transaction