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Form 8-K · Current Report · Filed 2025-12-29

Walmart CEO Enters 10b5-1 Stock Trading Plan

On December 24, 2025, Walmart Inc. announced that Chris Nicholas, Executive Vice President, President, and CEO of Sam’s Club U.S., has initiated a stock trading plan under Rule 10b5-1. The plan allows Mr. Nicholas to sell up to 34,800 shares of Walmart common stock over a 12-month period starting April 2026. This plan is part of Mr. Nicholas’ long-term asset diversification, tax, and financial planning strategy, in compliance with the company’s Insider Trading Policy. Each sale will be executed at prevailing market prices, and Mr. Nicholas will continue to meet the company’s stock ownership guidelines.

Filer
Walmart Inc. WMT · NYSE
Filed
Accession
0000104169-25-000238
CIK
0000104169
Signal
High impactConsumer Defensive

Items reported

Item 8.01

Other Events

Share Repurchase Program Announced Dividend Announced Regulatory Investigation

Market reaction

Close before filing

$111.74

Next session

+0.2%

Since filing

-0.5%

Latest close

$111.20

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from WMT reporting the same item, with the next session's move:

About Walmart Inc.

Walmart Inc., a multinational retail corporation, operates a chain of hypermarkets, discount department stores, and grocery stores. Founded in 1962 and headquartered in Bentonville, Arkansas, Walmart is one of the world's largest companies by revenue, serving millions of customers globally each week. The primary function of Walmart is to provide a wide array of goods at competitive prices, ranging from groceries and apparel to electronics and home goods. With a diverse selection of products, Walmart caters to the needs of various demographics, including individual consumers and families. Renowned for its logistics and supply chain efficiencies, Walmart has played a pivotal role in shaping retail industry standards. The company’s innovations in inventory management and procurement have significantly impacted sectors such as logistics, agriculture, and manufacturing. Through its extensive network of retail locations and e-commerce platforms, Walmart has continuously influenced consumer buying habits and retail operations. By maintaining a focus on cost leadership and customer-centric strategies, Walmart holds a significant position in the global retail market.

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