Walmart CEO Sells Shares Worth Billions While Retaining 7 Trillion Won Stake

On April 23, Walmart Inc. (NYSE: WMT) CEO C. Douglas McMillon sold approximately $2.57 million of the company’s common stock on the open market under a prearranged Rule 10b5-1 trading plan. According to regulatory filings, McMillon still maintains roughly $555 million in Walmart shares—including holdings in family and trust accounts and his 401(k).

Walmart Vice President David Gujina transferred about $1.21 million in shares back to the company to cover tax withholdings on vested restricted stock units, and Vice President Daniel Bartlett sold roughly $160,000 of stock under his own 10b5-1 plan.

In its first-quarter fiscal 2027 results, announced May 21, Walmart reported net sales of $177.8 billion and operating income of $7.5 billion, marking year-over-year gains of around 7% and 5%, respectively. The company guided second-quarter sales growth of 4–5% and adjusted earnings per share of $0.72–$0.74.

During the earnings call, management highlighted e-commerce, advertising, membership services, and automation and AI-driven logistics efficiencies as core pillars for future growth and margin improvement.

As the world’s largest retailer in fiscal 2026, Walmart generated about $710 billion in annual revenue and employs roughly 2.1 million people globally. The company is expanding its portfolio into advertising, fintech, and logistics platforms.

These recent equity transactions by McMillon and other senior executives were executed under predetermined trading plans and for tax-withholding purposes, yet filings show they continue to hold significant stakes in the company.