Walton Family Sells Off Walmart Shares in Bulk, Cashing Out Billions

According to a recent filing by U.S. retail giant Walmart Inc. (NYSE: WMT), the Walton Family Holdings Trust monetized several million shares of Walmart common stock—approximately $300 million (about KRW 450 billion)—through multiple open-market sales and distributions to beneficiaries between May 22 and May 28, yet its ownership stake saw only minimal change. During the same period, CEO C. Douglas McMillon also sold roughly 19,000 shares under a 10b5-1 plan for about $2.3 million (nearly KRW 30 billion), while still directly holding over four million shares, thereby maintaining a significant equity position.

Meanwhile, from June 22 to June 28, Walmart is running “Walmart Deals,” a large-scale summer promotion both online and in stores, aiming to boost traffic and sales ahead of competitor Amazon’s Prime Day. At the same time, shifting consumer trends and overseas regulatory pressures have emerged as challenges, including recent demands from Chinese authorities for the company’s Sam’s Club chain to address food-safety risks.

Walmart is the world’s largest brick-and-mortar and e-commerce retailer, operating hypermarkets, discount stores and grocery stores in the United States and 19 other countries. In fiscal 2026, it posted annual revenue of $713 billion (about KRW 950 trillion). Because founder Sam Walton’s family remains the largest shareholder, transactions by the Walton Family Holdings Trust and CEO McMillon are closely watched as key indicators of the company’s governance and insider sentiment.