'Walmart' Family Trust and Executives Sell Significant Shares in Just Days

The Walton Family Holdings Trust, Walmart’s largest shareholder, sold roughly 3.3 million shares of common stock on the open market over March 24–25, raising about $400 million (approximately KRW 500 billion). Even after this sale, the trust still holds around 513 million shares, preserving its substantial stake.

On March 26, President and CEO C. Douglas McMillon disposed of roughly 19,000 shares under a pre-established Rule 10b5-1 trading plan, netting about $2.4 million (KRW 3 billion). Then, on April 16, John Furner, CEO of Walmart U.S., sold approximately 13,000 shares across two trades for about $1.6 million (KRW 2 billion).

On April 23, Walmart released its Fiscal 2026 Annual Report and definitive proxy statement, identifying AI and automation, along with expansion of store and logistics infrastructure, as its core investment priorities. Earlier, on April 16, the company had announced plans to invest billions of dollars in remodeling 650 U.S. stores and opening 20 new locations between FY 2026 and early FY 2027.

In Fiscal 2026, Walmart generated $713 billion in revenue and employed about 2.1 million people, making it the world’s largest brick-and-mortar retailer. The Walton family and related trusts collectively hold roughly half of the voting power, so these recent share sales by the family trust and senior executives stand out as noteworthy shifts in a shareholder structure still dominated by its founding family.