Walmart CTO Suresh Kumar Sells $20.49 Million of Stock Under Trading Plan
Walmart Chief Technology Officer Suresh Kumar sold 166,342 shares of the retailer's stock for $20.49 million, according to a Form 4 filing Tuesday.
The sale took place on Oct. 30 at $123.21 per share, for total proceeds of $20,494,998, the filing showed.
Sold under a trading plan
The sale was executed under a Rule 10b5-1 plan that Kumar entered into during an open trading window, according to the filing. The Form 4 said Walmart disclosed the plan in a Form 8-K on March 27, 2026.
Rule 10b5-1 plans let insiders schedule stock sales in advance. The filing reports an outright sale. It shows no option exercise and no shares withheld for taxes.
What he still holds
After the sale, Kumar directly owns 1,632,223.13 Walmart shares, according to the filing. The 166,342 shares sold equal 9.2% of his direct holdings before the trade.
By the numbers
- Shares sold: 166,342
- Sale price: $123.21
- Total sale value: $20,494,998
- Trade date: Oct. 30, 2026
- Shares held directly after: 1,632,223.13
- 10b5-1 plan disclosed by Walmart: March 27, 2026
Sources
- Form 4 filed by Walmart Chief Technology Officer Suresh Kumar, filed Nov. 3, 2026 (accession 0001781198-26-000008)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
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