Walton Family Sells Walmart Shares Again, Cashing Out Billions

According to public filings, Walton Family Holdings Trust, a principal shareholder of Walmart Inc. (NYSE: WMT), sold approximately 1,591,500 shares on May 22 and 532,340 shares on May 26, raising about $254 million (roughly ₩340 billion). On those same dates, the Trust also transferred 1,551,000 shares without consideration as a journal distribution to its successors and beneficiaries. In addition, officer David W. Guggina returned company shares valued at approximately $1.21 million (around ₩16 billion) to cover tax withholding obligations arising from RSU vesting. Another officer, Nicholas Christopher James, sold 2,900 shares under a pre-established Rule 10b5-1 trading plan for about $359,000 (approximately ₩500 million) and still retains several hundred thousand shares.

On May 21, Walmart released its first-quarter results for fiscal 2027, reporting revenue of $177.8 billion—a 7.3% year-over-year increase—with e-commerce sales up 26% and its advertising business growing in the mid-30% range. However, the company’s quarterly guidance fell slightly short of market expectations, leading to a modest share-price correction following the announcement.

Headquartered in Bentonville, Arkansas, Walmart is the world’s largest retailer. It operates supercenters, warehouse clubs such as Sam’s Club and other formats, employs over 2 million associates globally, and generates roughly $700 billion (about ₩900 trillion) in annual revenue. Walton Family Holdings Trust serves as the key governance vehicle for the Walton family’s stake and, even after these transactions, remains the company’s largest shareholder with more than 500 million shares.