What the executives and directors of Walmart actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.

The tape: three years of insider trades

Every marker sits at the price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling. The share count changed 3-for-1 on Feb 26, 2024, so prices and share counts reported before then are restated to today's basis here; otherwise the tape would show a step the shares never took.

The 360 routine events on the chart, as a list

Date	Insider	Shares
Sep 8, 2026	Watkins Latriece	227
Sep 8, 2026	Dallaire Seth	387
Sep 8, 2026	Guggina David W	118
Sep 8, 2026	Milum Dwayne M	121
Aug 25, 2026	Danker Daniel	52K
Aug 11, 2026	Watkins Latriece	227
Aug 11, 2026	Dallaire Seth	387
Aug 11, 2026	Guggina David W	118
Aug 11, 2026	Milum Dwayne M	121
Jul 14, 2026	Watkins Latriece	227
Jul 14, 2026	Dallaire Seth	387
Jul 14, 2026	Guggina David W	118
Jul 14, 2026	Milum Dwayne M	121
Jun 30, 2026	STEPHENSON RANDALL L	419
Jun 30, 2026	Penner Gregory Boyd	502
Jun 30, 2026	MAYER MARISSA A	254
Jun 30, 2026	Friar Sarah	309
Jun 30, 2026	Conde Cesar	254
Jun 30, 2026	Walton Steuart L	309
Jun 30, 2026	Harris Carla A	155
Jun 30, 2026	Mehrotra Shishir	254
Jun 30, 2026	Moritz Robert Edward Jr.	276
Jun 16, 2026	Watkins Latriece	3,667
Jun 4, 2026	HORTON THOMAS W	1,935
Jun 4, 2026	STEPHENSON RANDALL L	1,935
Jun 4, 2026	Penner Gregory Boyd	2,881
Jun 4, 2026	MAYER MARISSA A	1,935
Jun 4, 2026	Friar Sarah	1,935
Jun 4, 2026	Conde Cesar	1,935
Jun 4, 2026	Walton Steuart L	1,935
Jun 4, 2026	Harris Carla A	1,935
Jun 4, 2026	Mehrotra Shishir	1,935
Jun 4, 2026	Moritz Robert Edward Jr.	1,935
Jun 2, 2026	Watkins Latriece	228
Jun 2, 2026	Dallaire Seth	388
Jun 2, 2026	Guggina David W	118
Jun 2, 2026	Milum Dwayne M	122
May 29, 2026	Bartlett Daniel J	424
May 19, 2026	Nicholas Christopher James	15K
May 5, 2026	Watkins Latriece	228
May 5, 2026	Dallaire Seth	388
May 5, 2026	Guggina David W	9,247
May 5, 2026	Milum Dwayne M	122
Apr 7, 2026	Watkins Latriece	317
Apr 7, 2026	Nicholas Christopher James	121
Apr 7, 2026	Dallaire Seth	664
Apr 7, 2026	Guggina David W	198
Apr 7, 2026	Milum Dwayne M	178
Mar 31, 2026	STEPHENSON RANDALL L	382
Mar 31, 2026	Penner Gregory Boyd	458
Mar 31, 2026	FLYNN TIMOTHY PATRICK	302
Mar 31, 2026	MAYER MARISSA A	231
Mar 31, 2026	Friar Sarah	282
Mar 31, 2026	Conde Cesar	231
Mar 31, 2026	Niccol Brian R	231
Mar 31, 2026	Walton Steuart L	282
Mar 31, 2026	Harris Carla A	141
Mar 31, 2026	Mehrotra Shishir	213
Mar 31, 2026	Moritz Robert Edward Jr.	231
Mar 17, 2026	Walton Steuart L	35K

The 60 most recent of 360.

Where the shares went, last 12 months

Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price. The share count changed 3-for-1 on Feb 26, 2024, so share counts reported before then are restated to today's basis here.

The chart, in numbers

Flow	Shares
From holdings	37M
Granted	1.0M
Other in	668K
Withheld for tax	1.1M
Planned sales (10b5-1)	563K
Discretionary sales	24M
Gifts	871K
Other out	12M

Skin in the game

Directly held shares as reported after each trade, indexed to 100 at the start of the window, up to five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades. The share count changed 3-for-1 on Feb 26, 2024, so share counts reported before then are restated to today's basis here.

The chart, in numbers

Insider	Start of the window	Latest reported	Indexed, start = 100
Walton Family Holdings Trust	601M	500M	83.2
McMillon C Douglas	4.6M	4.2M	90.6

“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles. The share count changed 3-for-1 on Feb 26, 2024. This table prints prices and share counts as they were filed, on the basis of the day, while the charts above are on today's; “Since trade” puts the filed price on today's basis first, which is why it does not divide into the price beside it.

Filing hygiene

How to read this

A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.

Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.

Every number on this page comes from Forms 3, 4 and 5 filed with the SEC. The insider export runs on its own schedule, so it can be a few days behind the rest of the site; the date below says how far it goes. Browse the source filings on SEC EDGAR. Data through Sep 18, 2026