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[8-K] Walmart Inc. Reports Material Event

Filing Impact
(Neutral)
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(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Walmart disclosed that an executive, Mr. Rainey, established a new Rule 10b5-1 trading plan to sell a maximum of 40,000 shares of company common stock in two scheduled transactions: 20,000 shares on February 2, 2026 and 20,000 shares on March 2, 2026, at prevailing market prices.

The filing notes the new plan follows an earlier Rule 10b5-1 plan entered on September 6, 2024, whose last trade will occur on December 1, 2025. Walmart states the transactions are part of Mr. Rainey’s long-term asset diversification, tax, and financial planning and comply with the company’s Insider Trading Policy. The company also confirms Mr. Rainey remains subject to stock ownership guidelines requiring holdings equal to at least five times his base salary, and that sales will be reported on Form 144 and Form 4 as required.

Walmart ha comunicato che un dirigente, il Sig. Rainey, ha istituito un nuovo piano di negoziazione ai sensi della Rule 10b5-1 per vendere un massimo di 40.000 azioni ordinarie della società in due operazioni programmate: 20.000 azioni il 2 febbraio 2026 e 20.000 azioni il 2 marzo 2026, ai prezzi di mercato correnti.

La comunicazione precisa che il nuovo piano segue un precedente piano Rule 10b5-1 stipulato il 6 settembre 2024, il cui ultimo scambio è previsto per il 1 dicembre 2025. Walmart dichiara che le transazioni rientrano nella strategia di diversificazione patrimoniale a lungo termine, pianificazione fiscale e finanziaria del Sig. Rainey e sono conformi alla politica aziendale sul trading degli insider. L’azienda conferma inoltre che il Sig. Rainey è ancora soggetto alle linee guida di possesso azionario che richiedono detenzioni pari ad almeno cinque volte il suo salario base, e che le vendite saranno comunicate nei moduli Form 144 e Form 4 come previsto.

Walmart informó que un ejecutivo, el Sr. Rainey, estableció un nuevo plan de negociación bajo la regla 10b5-1 para vender un máximo de 40.000 acciones ordinarias de la compañía en dos operaciones programadas: 20.000 acciones el 2 de febrero de 2026 y 20.000 acciones el 2 de marzo de 2026, a los precios de mercado vigentes.

La presentación indica que el nuevo plan sucede a un plan 10b5-1 anterior iniciado el 6 de septiembre de 2024, cuyo último comercio tendrá lugar el 1 de diciembre de 2025. Walmart afirma que las transacciones forman parte de la diversificación patrimonial a largo plazo, la planificación fiscal y financiera del Sr. Rainey y cumplen con la política de la empresa sobre operaciones con información privilegiada. La compañía también confirma que el Sr. Rainey sigue sujeto a las directrices de propiedad de acciones que exigen mantener participaciones equivalentes al menos a cinco veces su salario base, y que las ventas se informarán en el Formulario 144 y el Formulario 4 según corresponda.

월마트는 ìž„ì›ì� ë ˆì´ë‹� 씨가 새로ìš� Rule 10b5-1 거래 계íšì� 수립í•� 회사 보통ì£� 최대 40,000ì£�ë¥� ë‘� 차례ì� 예정ë� 거래ë¡� 매ê°í•� 예정ì´ë¼ê³� 공개했습니다: 20,000ì£�ëŠ� 2026ë…� 2ì›� 2ì�, 나머지 20,000ì£�ëŠ� 2026ë…� 3ì›� 2ì¼ì— ê°ê° 시가ë¡� 매ê°ë©ë‹ˆë‹�.

신고서ì—ëŠ� ì´ë²ˆ ì‹ ê·œ 계íšì� 2024ë…� 9ì›� 6ì�ì—� ì²´ê²°ë� ì´ì „ Rule 10b5-1 계íšì� 잇는 것ì´ë©�, 해당 계íšì� 마지ë§� 거래ëŠ� 2025ë…� 12ì›� 1ì�ì—� ì´ë£¨ì–´ì§ˆ 것ì´ë¼ê³  명시ë˜ì–´ 있습니다. 월마트는 ì� ê±°ëž˜ë“¤ì´ ë ˆì´ë‹� ì”¨ì˜ ìž¥ê¸° ìžì‚° 다ê°í™�, 세무 ë°� 재무 계íšì� ì¼í™˜ì´ë©° 회사ì� ë‚´ë¶€ìž� 거래 ì •ì±…ì� 준수한다고 ë°í˜”습니ë‹�. ë˜í•œ ë ˆì´ë‹� 씨는 여전íž� ê¸°ë³¸ê¸‰ì˜ ìµœì†Œ 5ë°�ì—� 해당하는 ì£¼ì‹ ë³´ìœ  ì§€ì¹¨ì˜ ì ìš©ì� 받고 있으ë©�, 매ê°ì€ 요구ì—� ë”°ë¼ Form 144 ë°� Form 4ì—� ë³´ê³ ë� 것ì´ë¼ê³  확ì¸í–ˆìŠµë‹ˆë‹¤.

Walmart a indiqué qu’un dirigeant, M. Rainey, a établi un nouveau plan de négociation au titre de la Rule 10b5-1 pour vendre au maximum 40 000 actions ordinaires de la société en deux transactions programmées : 20 000 actions le 2 février 2026 et 20 000 actions le 2 mars 2026, aux prix du marché en vigueur.

Le dépôt précise que ce nouveau plan fait suite à un plan Rule 10b5-1 antérieur conclu le 6 septembre 2024, dont la dernière transaction aura lieu le 1er décembre 2025. Walmart affirme que ces opérations s’inscrivent dans la stratégie de diversification patrimoniale à long terme, ainsi que dans la planification fiscale et financière de M. Rainey, et qu’elles respectent la politique de la société en matière d’opérations d’initiés. La société confirme également que M. Rainey reste soumis aux directives de détention d’actions exigeant des avoirs équivalents à au moins cinq fois son salaire de base, et que les ventes seront déclarées sur les formulaires Form 144 et Form 4 comme requis.

Walmart gab bekannt, dass ein Führungskraft, Herr Rainey, einen neuen Handelsplan gemäß Rule 10b5-1 eingerichtet hat, um maximal 40.000 Aktien des Unternehmens in zwei geplanten Transaktionen zu verkaufen: 20.000 Aktien am 2. Februar 2026 und 20.000 Aktien am 2. März 2026 zum jeweils gültigen Marktpreis.

Die Meldung weist darauf hin, dass der neue Plan einem früheren Rule 10b5-1-Plan folgt, der am 6. September 2024 gestartet wurde und dessen letzter Handel am 1. Dezember 2025 stattfinden wird. Walmart erklärt, dass die Transaktionen Teil von Herrn Raineys langfristiger Vermögensdiversifizierung sowie seiner Steuer- und Finanzplanung sind und den Insiderhandelsrichtlinien des Unternehmens entsprechen. Das Unternehmen bestätigt zudem, dass Herr Rainey weiterhin den Aktienbesitzrichtlinien unterliegt, die ein Halten von mindestens fünfmal seinem Grundgehalt vorschreiben, und dass Verkäufe wie vorgeschrieben in Formular 144 und Formular 4 gemeldet werden.

Positive
  • Planned trades are governed by a Rule 10b5-1 plan, which provides pre-defined trade terms to reduce insider trading concerns.
  • Transactions comply with the company’s Insider Trading Policy and will be publicly reported via Form 144 and Form 4.
  • Executive will continue to meet stock ownership guidelines requiring holdings equal to at least five times base salary after each sale.
Negative
  • Executive plans to sell 40,000 shares across two dates (20,000 on Feb 2, 2026 and 20,000 on Mar 2, 2026), which represents insider selling activity.

Insights

TL;DR An executive has scheduled rule-compliant sales totaling 40,000 shares under a 10b5-1 plan; governance controls are reiterated.

The filing describes a routine, pre-specified Rule 10b5-1 arrangement that limits potential insider trading concerns by setting fixed trade dates and quantities. The company explicitly ties the plan to standard personal financial planning and confirms adherence to the Insider Trading Policy and ownership guidelines. From a governance perspective, this is a transparent disclosure of permitted insider activity rather than an operational development.

TL;DR Disclosure documents scheduled insider sales and confirms regulatory reporting; no new compensation or material corporate actions.

The disclosure provides the precise schedule and cap on shares to be sold and notes continuation of reporting via Form 144 and Form 4. It also clarifies that the prior 10b5-1 plan expires after its final trade on December 1, 2025. The filing contains clear compliance language but does not include financial metrics or indicate material impact on company operations or capital structure.

Walmart ha comunicato che un dirigente, il Sig. Rainey, ha istituito un nuovo piano di negoziazione ai sensi della Rule 10b5-1 per vendere un massimo di 40.000 azioni ordinarie della società in due operazioni programmate: 20.000 azioni il 2 febbraio 2026 e 20.000 azioni il 2 marzo 2026, ai prezzi di mercato correnti.

La comunicazione precisa che il nuovo piano segue un precedente piano Rule 10b5-1 stipulato il 6 settembre 2024, il cui ultimo scambio è previsto per il 1 dicembre 2025. Walmart dichiara che le transazioni rientrano nella strategia di diversificazione patrimoniale a lungo termine, pianificazione fiscale e finanziaria del Sig. Rainey e sono conformi alla politica aziendale sul trading degli insider. L’azienda conferma inoltre che il Sig. Rainey è ancora soggetto alle linee guida di possesso azionario che richiedono detenzioni pari ad almeno cinque volte il suo salario base, e che le vendite saranno comunicate nei moduli Form 144 e Form 4 come previsto.

Walmart informó que un ejecutivo, el Sr. Rainey, estableció un nuevo plan de negociación bajo la regla 10b5-1 para vender un máximo de 40.000 acciones ordinarias de la compañía en dos operaciones programadas: 20.000 acciones el 2 de febrero de 2026 y 20.000 acciones el 2 de marzo de 2026, a los precios de mercado vigentes.

La presentación indica que el nuevo plan sucede a un plan 10b5-1 anterior iniciado el 6 de septiembre de 2024, cuyo último comercio tendrá lugar el 1 de diciembre de 2025. Walmart afirma que las transacciones forman parte de la diversificación patrimonial a largo plazo, la planificación fiscal y financiera del Sr. Rainey y cumplen con la política de la empresa sobre operaciones con información privilegiada. La compañía también confirma que el Sr. Rainey sigue sujeto a las directrices de propiedad de acciones que exigen mantener participaciones equivalentes al menos a cinco veces su salario base, y que las ventas se informarán en el Formulario 144 y el Formulario 4 según corresponda.

월마트는 ìž„ì›ì� ë ˆì´ë‹� 씨가 새로ìš� Rule 10b5-1 거래 계íšì� 수립í•� 회사 보통ì£� 최대 40,000ì£�ë¥� ë‘� 차례ì� 예정ë� 거래ë¡� 매ê°í•� 예정ì´ë¼ê³� 공개했습니다: 20,000ì£�ëŠ� 2026ë…� 2ì›� 2ì�, 나머지 20,000ì£�ëŠ� 2026ë…� 3ì›� 2ì¼ì— ê°ê° 시가ë¡� 매ê°ë©ë‹ˆë‹�.

신고서ì—ëŠ� ì´ë²ˆ ì‹ ê·œ 계íšì� 2024ë…� 9ì›� 6ì�ì—� ì²´ê²°ë� ì´ì „ Rule 10b5-1 계íšì� 잇는 것ì´ë©�, 해당 계íšì� 마지ë§� 거래ëŠ� 2025ë…� 12ì›� 1ì�ì—� ì´ë£¨ì–´ì§ˆ 것ì´ë¼ê³  명시ë˜ì–´ 있습니다. 월마트는 ì� ê±°ëž˜ë“¤ì´ ë ˆì´ë‹� ì”¨ì˜ ìž¥ê¸° ìžì‚° 다ê°í™�, 세무 ë°� 재무 계íšì� ì¼í™˜ì´ë©° 회사ì� ë‚´ë¶€ìž� 거래 ì •ì±…ì� 준수한다고 ë°í˜”습니ë‹�. ë˜í•œ ë ˆì´ë‹� 씨는 여전íž� ê¸°ë³¸ê¸‰ì˜ ìµœì†Œ 5ë°�ì—� 해당하는 ì£¼ì‹ ë³´ìœ  ì§€ì¹¨ì˜ ì ìš©ì� 받고 있으ë©�, 매ê°ì€ 요구ì—� ë”°ë¼ Form 144 ë°� Form 4ì—� ë³´ê³ ë� 것ì´ë¼ê³  확ì¸í–ˆìŠµë‹ˆë‹¤.

Walmart a indiqué qu’un dirigeant, M. Rainey, a établi un nouveau plan de négociation au titre de la Rule 10b5-1 pour vendre au maximum 40 000 actions ordinaires de la société en deux transactions programmées : 20 000 actions le 2 février 2026 et 20 000 actions le 2 mars 2026, aux prix du marché en vigueur.

Le dépôt précise que ce nouveau plan fait suite à un plan Rule 10b5-1 antérieur conclu le 6 septembre 2024, dont la dernière transaction aura lieu le 1er décembre 2025. Walmart affirme que ces opérations s’inscrivent dans la stratégie de diversification patrimoniale à long terme, ainsi que dans la planification fiscale et financière de M. Rainey, et qu’elles respectent la politique de la société en matière d’opérations d’initiés. La société confirme également que M. Rainey reste soumis aux directives de détention d’actions exigeant des avoirs équivalents à au moins cinq fois son salaire de base, et que les ventes seront déclarées sur les formulaires Form 144 et Form 4 comme requis.

Walmart gab bekannt, dass ein Führungskraft, Herr Rainey, einen neuen Handelsplan gemäß Rule 10b5-1 eingerichtet hat, um maximal 40.000 Aktien des Unternehmens in zwei geplanten Transaktionen zu verkaufen: 20.000 Aktien am 2. Februar 2026 und 20.000 Aktien am 2. März 2026 zum jeweils gültigen Marktpreis.

Die Meldung weist darauf hin, dass der neue Plan einem früheren Rule 10b5-1-Plan folgt, der am 6. September 2024 gestartet wurde und dessen letzter Handel am 1. Dezember 2025 stattfinden wird. Walmart erklärt, dass die Transaktionen Teil von Herrn Raineys langfristiger Vermögensdiversifizierung sowie seiner Steuer- und Finanzplanung sind und den Insiderhandelsrichtlinien des Unternehmens entsprechen. Das Unternehmen bestätigt zudem, dass Herr Rainey weiterhin den Aktienbesitzrichtlinien unterliegt, die ein Halten von mindestens fünfmal seinem Grundgehalt vorschreiben, und dass Verkäufe wie vorgeschrieben in Formular 144 und Formular 4 gemeldet werden.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
________________________

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported)
September 5, 2025
Walmart Inc.
(Exact name of registrant as specified in its charter)
DE
001-06991
71-0415188
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
1 Customer Drive
Bentonville, AR 72716
(Address of Principal Executive Offices) (Zip code)

Registrant's telephone number, including area code: (479) 273-4000


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.10 per shareWMTNew York Stock Exchange
2.550% Notes due 2026WMT26New York Stock Exchange
1.050% Notes due 2026WMT26ANew York Stock Exchange
1.500% Notes due 2028WMT28CNew York Stock Exchange
4.875% Notes due 2029WMT29BNew York Stock Exchange
5.750% Notes due 2030WMT30BNew York Stock Exchange
1.800% Notes due 2031WMT31ANew York Stock Exchange
5.625% Notes due 2034WMT34New York Stock Exchange
5.250% Notes due 2035WMT35ANew York Stock Exchange
4.875% Notes due 2039WMT39New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 8.01. Other Events.
On September 5, 2025, Walmart Inc. (the “Company”) was informed that John David Rainey, Executive Vice President and Chief Financial Officer, entered into a stock trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Plan”). Rule 10b5-1 trading plans permit individuals who are not in possession of material non-public information to adopt a written pre-arranged plan for transactions in securities under specified conditions and for specified periods of time. Under the terms of the Plan, Mr. Rainey will have no discretion or control over the timing or effectuation of any transactions in Company securities pursuant to the Plan.
Mr. Rainey’s Plan provides for sales of Company securities as part of his long-term asset diversification, tax, and financial planning strategy and is in accordance with the Company’s Insider Trading Policy. Under the terms of the Plan, Mr. Rainey is scheduled to sell 20,000 shares of the Company’s common stock on each of two scheduled trade dates (February 2, 2026 and March 2, 2026) at prevailing market prices. Accordingly, the maximum number of shares to be sold under the Plan is 40,000. Mr. Rainey’s existing Rule 10b5-1 plan, which was entered into on September 6, 2024 (the “Old Plan”), expires when the last trade under the Old Plan is executed on December 1, 2025.
Mr. Rainey continues to be subject to the Company’s stock ownership guidelines, under which he is required to hold Company stock equal in value to at least five times his base salary. Upon the conclusion of each sale transaction under the Plan, Mr. Rainey will continue to satisfy the requirements of the Company’s stock ownership guidelines.
Any transactions under the Plan will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission to the extent required by law.



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 5, 2025
WALMART INC.
By:/s/ Gordon Y. Allison
Name:Gordon Y. Allison
Title:Senior Vice President, Office of the Corporate Secretary, and Chief Counsel for Finance and Governance



FAQ

What does Walmart’s 8-K say about Mr. Rainey’s stock sales (WMT)?

The 8-K discloses a Rule 10b5-1 plan allowing Mr. Rainey to sell 40,000 shares in two trades on Feb 2, 2026 and Mar 2, 2026 at prevailing market prices.

Will Mr. Rainey still meet Walmart’s stock ownership guidelines after the sales?

Yes. The filing states that upon conclusion of each sale transaction under the plan, Mr. Rainey will continue to satisfy the requirement to hold company stock equal to at least five times his base salary.

Is this new 10b5-1 plan replacing a prior plan?

The filing notes an existing Rule 10b5-1 plan entered on September 6, 2024 will expire when its last trade is executed on December 1, 2025; the new plan schedules trades in 2026.

How will these transactions be disclosed to the SEC?

Any transactions under the plan will be publicly disclosed through Form 144 and Form 4 filings as required by law.
Walmart

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Discount Stores
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BENTONVILLE