Walton Family Holdings Trust Distributes 2.47M Walmart Shares to Beneficiaries

The Walton Family Holdings Trust, a 10% owner of Walmart Inc., filed a Form 4 disclosing two distributions of Walmart common stock to trust beneficiaries for no consideration. On June 23, 2026, the trust distributed 767,000 shares, reducing its holdings to 501,538,752 shares. The following day, June 24, 2026, it distributed an additional 1,703,000 shares, bringing total holdings down to 499,835,752 shares. Both transactions were coded as "J" (other acquisition or disposition) and involved no monetary consideration. The distributions represent estate planning activities by the Walton family trust, which maintains significant ownership in Walmart despite the transfers. The filing was signed by Jennifer F. Rudolph via power of attorney on June 25, 2026.