Walmart CTO Suresh Kumar Sells $20.5M in Stock Under 10b5-1 Plan

Insider Transaction Overview

On October 30, 2026, Suresh Kumar, Chief Technology Officer of Walmart Inc. ($WMT), sold 166,342 shares of common stock at an average price of $123.21 per share, generating gross proceeds of approximately $20.49 million.

Transaction Details

• Security: Common Stock
• Transaction Code: S (Open market sale)
• Shares Sold: 166,342
• Price per Share: $123.21
• Total Transaction Value: $20,494,997.82
• Post-Transaction Beneficial Ownership: 1,632,223.13 shares (Direct)

Plan and Context

According to the filing footnotes, this transaction was executed pursuant to a pre-arranged Rule 10b5-1 trading plan established during an open trading window and previously disclosed on Form 8-K on March 27, 2026.

Trading Significance

Although the total dollar value of the sale is substantial ($20.5M), the significance is rated as Medium because:

1. The disposition was carried out under an established Rule 10b5-1 trading plan, reducing the likelihood that the timing was driven by material non-public information.
2. Kumar maintains a substantial direct stake of over 1.63 million shares following the transaction, retaining more than 90% of his equity position.