AG˹ٷ

STOCK TITAN

[Form 4] Walmart Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

David Chojnowski, Senior Vice President of Walmart Inc. (WMT), reported a disposition of 250.419 shares of Walmart common stock on 08/12/2025 at a reported price of $103.93 per share. The filing states these shares were withheld to satisfy tax withholding obligations upon vesting of restricted stock. After the transaction, Mr. Chojnowski beneficially owned 144,182.995 shares. The Form 4 was signed by power of attorney on 08/14/2025.

David Chojnowski, Senior Vice President di Walmart Inc. (WMT), ha comunicato la cessione di 250.419 azioni ordinarie Walmart in data 08/12/2025 al prezzo dichiarato di $103.93 per azione. La comunicazione specifica che queste azioni sono state trattenute per coprire le imposte dovute al momento della maturazione delle restricted stock. Dopo l’operazione, il Sig. Chojnowski deteneva beneficiariamente 144,182.995 azioni. Il Modulo 4 è stato firmato per procura il 08/14/2025.

David Chojnowski, Vicepresidente Senior de Walmart Inc. (WMT), informó la enajenación de 250.419 acciones ordinarias de Walmart el 08/12/2025 a un precio declarado de $103.93 por acción. La presentación indica que estas acciones fueron retenidas para satisfacer las obligaciones de retención fiscal al consolidarse las restricted stock. Tras la transacción, el Sr. Chojnowski poseía beneficiariamente 144,182.995 acciones. El Formulario 4 fue firmado por poder el 08/14/2025.

David Chojnowski, Walmart Inc. (WMT) 수석 부사장은 08/12/2025� Walmart 보통� 250.419주를 주당 신고 가� $103.93� 처분했다� 보고했습니다. 제출서에� 해당 주식� 제한주식(restricted stock) 베스� � 세금 원천징수 의무� 충족하기 위해 보류되었�� 명시되어 있습니다. 거래 � Chojnowski 씨는 실질적으� 144,182.995주를 보유했습니다. Form 4� 08/14/2025� 위임장을 통해 서명되었습니�.

David Chojnowski, Senior Vice President de Walmart Inc. (WMT), a déclaré une cession de 250.419 actions ordinaires Walmart le 08/12/2025 au prix déclaré de $103.93 par action. Le dépôt indique que ces actions ont été retenues pour satisfaire les obligations de retenue fiscale lors de la levée des restricted stock. Après la transaction, M. Chojnowski détenait à titre bénéficiaire 144,182.995 actions. Le Formulaire 4 a été signé par procuration le 08/14/2025.

David Chojnowski, Senior Vice President von Walmart Inc. (WMT), meldete die Veräußerung von 250.419 Stammaktien von Walmart am 08/12/2025 zu einem gemeldeten Preis von $103.93 je Aktie. In der Meldung heißt es, dass diese Aktien zur Erfüllung steuerlicher Abzugsverpflichtungen bei der Vesting von Restricted Stock einbehalten wurden. Nach der Transaktion hielt Herr Chojnowski wirtschaftlich 144,182.995 Aktien. Das Formular 4 wurde am 08/14/2025 per Vollmacht unterzeichnet.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine tax-withholding disposition tied to restricted stock vesting; no indication of voluntary cash sale or change in role.

The reported transaction is characterized in the filing as shares withheld to meet tax obligations when restricted stock vested, which is a common administrative disposition and typically not indicative of a change in insider sentiment or corporate governance. The number of shares withheld (250.419) is small relative to the insider's remaining beneficial ownership (144,182.995), and the filing provides the required disclosure without additional qualifiers.

TL;DR: Administrative share withholding reported; transaction appears non-material to shareholder base or company valuation.

The Form 4 shows a single disposition at $103.93 per share labeled with transaction code F, and includes an explanatory footnote that the shares were withheld for tax withholding upon restricted stock vesting. No additional derivative transactions, large sales, or other compensatory changes are disclosed. The filing meets reporting requirements and signals no material change in the insider's ownership stake beyond the administrative adjustment.

David Chojnowski, Senior Vice President di Walmart Inc. (WMT), ha comunicato la cessione di 250.419 azioni ordinarie Walmart in data 08/12/2025 al prezzo dichiarato di $103.93 per azione. La comunicazione specifica che queste azioni sono state trattenute per coprire le imposte dovute al momento della maturazione delle restricted stock. Dopo l’operazione, il Sig. Chojnowski deteneva beneficiariamente 144,182.995 azioni. Il Modulo 4 è stato firmato per procura il 08/14/2025.

David Chojnowski, Vicepresidente Senior de Walmart Inc. (WMT), informó la enajenación de 250.419 acciones ordinarias de Walmart el 08/12/2025 a un precio declarado de $103.93 por acción. La presentación indica que estas acciones fueron retenidas para satisfacer las obligaciones de retención fiscal al consolidarse las restricted stock. Tras la transacción, el Sr. Chojnowski poseía beneficiariamente 144,182.995 acciones. El Formulario 4 fue firmado por poder el 08/14/2025.

David Chojnowski, Walmart Inc. (WMT) 수석 부사장은 08/12/2025� Walmart 보통� 250.419주를 주당 신고 가� $103.93� 처분했다� 보고했습니다. 제출서에� 해당 주식� 제한주식(restricted stock) 베스� � 세금 원천징수 의무� 충족하기 위해 보류되었�� 명시되어 있습니다. 거래 � Chojnowski 씨는 실질적으� 144,182.995주를 보유했습니다. Form 4� 08/14/2025� 위임장을 통해 서명되었습니�.

David Chojnowski, Senior Vice President de Walmart Inc. (WMT), a déclaré une cession de 250.419 actions ordinaires Walmart le 08/12/2025 au prix déclaré de $103.93 par action. Le dépôt indique que ces actions ont été retenues pour satisfaire les obligations de retenue fiscale lors de la levée des restricted stock. Après la transaction, M. Chojnowski détenait à titre bénéficiaire 144,182.995 actions. Le Formulaire 4 a été signé par procuration le 08/14/2025.

David Chojnowski, Senior Vice President von Walmart Inc. (WMT), meldete die Veräußerung von 250.419 Stammaktien von Walmart am 08/12/2025 zu einem gemeldeten Preis von $103.93 je Aktie. In der Meldung heißt es, dass diese Aktien zur Erfüllung steuerlicher Abzugsverpflichtungen bei der Vesting von Restricted Stock einbehalten wurden. Nach der Transaktion hielt Herr Chojnowski wirtschaftlich 144,182.995 Aktien. Das Formular 4 wurde am 08/14/2025 per Vollmacht unterzeichnet.

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*
Chojnowski David

(Last) (First) (Middle)
1 CUSTOMER DRIVE

(Street)
BENTONVILLE AR 72716

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Walmart Inc. [ WMT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice President
3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 08/12/2025 F 250.419(1) D $103.93 144,182.995 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock.
Remarks:
/s/ Mary Marshall, by power of attorney 08/14/2025
** 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.

FAQ

What transaction did David Chojnowski report on Form 4 for WMT?

He reported a disposition of 250.419 shares of Walmart common stock on 08/12/2025 at a price of $103.93 per share.

Why were the shares disposed according to the Form 4?

The filing states the shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock.

How many Walmart shares does the reporting person beneficially own after the transaction?

After the reported transaction, the filing shows beneficial ownership of 144,182.995 shares.

When was the Form 4 signed and by whom?

The form was signed by /s/ Mary Marshall, by power of attorney on 08/14/2025.

What transaction code was used on the Form 4?

The transaction is reported with code F, which the filing pairs with the explanation about tax withholding on vested restricted stock.
Walmart

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808.34B
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Discount Stores
Retail-variety Stores
United States
BENTONVILLE