Nicholas Christopher James 4

What Happened
Nicholas Christopher James, Executive Vice President of Walmart Inc. (WMT), sold a total of 2,900 shares in open‑market transactions on April 16, 2026, generating approximately $361,695 in gross proceeds. The sales broke down as 2,003 shares at a weighted average price of $124.37 (≈ $249,113) and 897 shares at a weighted average price of $125.51 (≈ $112,582). These were sales (not purchases), and the filing indicates they were executed pursuant to a pre‑arranged Rule 10b5‑1 trading plan.

Key Details

• Transaction dates: April 16, 2026 (filed on Form 4 on April 17, 2026 — timely within the standard 2‑business‑day window).
• Reported prices and values: 2,003 shares @ $124.37 = $249,113; 897 shares @ $125.51 = $112,582; total ≈ $361,695.
• Price ranges (per footnotes): the 2,003‑share tranche executed in multiple trades at $124.00–$124.81 (weighted avg reported); the 897‑share tranche executed in multiple trades at $124.97–$125.87 (weighted avg reported). The filer offers to provide trade‑level details on request.
• 10b5‑1 plan: Sale was made under a Rule 10b5‑1 plan entered during an open trading window and disclosed by Walmart on Form 8‑K on Dec 29, 2025.
• Shares owned after transaction: Not specified in the information provided.
• Filing timeliness: Reported on April 17 for the April 16 trades — appears timely (not late).

Context
Sales executed under a Rule 10b5‑1 plan are pre‑arranged and commonly used by insiders to systematically sell shares; they are generally considered routine and do not by themselves signal management’s current view of the company. For retail investors, purchases by insiders typically carry more direct informational weight than planned sales.