Summary by Moomoo AI
Walmart Inc. officer Jim C. Walton, as trustee of the Walton Family Holdings Trust, is set to sell 7,500,000 shares of Walmart common stock, with an aggregate market value of approximately $1.32 billion, on February 21, 2024. The shares were originally acquired from Walton Enterprises, LLC as a contribution on March 5, 2020, and paid for on April 4, 2020. This planned transaction follows a series of sales over the past three months, where a total of 5,962,242 shares were sold for gross proceeds of over $934 million.