Walmart EVP Christopher Nicholas Sells $309K in Shares via 10b5-1 Plan

Executive Insider Transaction Overview

On September 17, 2026, Christopher James Nicholas, Executive Vice President at Walmart Inc. ($WMT), sold a total of 2,900 shares of common stock for an aggregate value of approximately $309,285.83.

Transaction Breakdown

• Tranche 1: 1,505 shares sold at a weighted average price of $106.4876 (ranging from $106.16 to $106.615).
• Tranche 2: 1,395 shares sold at a weighted average price of $106.8258 (ranging from $106.62 to $107.49).
• Combined Total: 2,900 shares sold at a volume-weighted average price of ~$106.65.

Context and Significance

• 10b5-1 Trading Plan: The transactions were executed pursuant to a pre-established Rule 10b5-1 trading plan adopted during an open trading window and previously disclosed on Form 8-K on December 29, 2025. This indicates the sales were routine and scheduled in advance rather than discretionary.
• Position Retention: Following the sales, Nicholas retains direct ownership of 566,253.269 shares of Walmart common stock. The 2,900 shares sold represent roughly 0.51% of his total holdings prior to the transactions.
• Market Impact: Because the disposition was pre-programmed and represents a negligible fraction of the executive's equity position, this filing carries Low trading significance.