WALMART INC.

Walmart Inc.’s single most significant disclosed shareholder position is held by entities affiliated with the Walton family. According to a Schedule 13D/A jointly filed with the U.S. Securities and Exchange Commission on 3 March 2026, reporting a position as of 27 February 2026, Walton Enterprises, LLC and Walton Family Holdings Trust together held beneficial and/or voting power over 3,523,409,231 shares of common stock, equal to approximately 44.21% of the class. Of this total, Walton Family Holdings Trust directly held 520,735,838 shares (approximately 6.53%), over which Walton Enterprises holds voting power under an irrevocable proxy; Walton Enterprises otherwise directly held the remaining shares. The same filing separately disclosed smaller direct holdings by individual Walton family members, including Jim C. Walton (31,521,372 shares, approximately 0.40%), Alice L. Walton (20,245,740 shares, approximately 0.25%), S. Robson Walton (7,029,557 shares, approximately 0.09%) and Carrie Walton Penner (1,448,634 shares, approximately 0.02%).

Beyond the Walton family position, Walmart Inc.’s shareholder register, as verified on 4 September 2026, lists several institutional holders reporting positions consistent with index-tracking and asset-management activity rather than a controlling stake. The largest of these is JPMorgan Chase & Co, holding approximately 5.06% of ordinary shares, followed by Fidelity-affiliated holders (Fidelity Concord Street Trust-Fidelity 500 Index Fund at approximately 2.41% and FMR, LLC at approximately 1.80%) and SPDR S&P 500 ETF Trust, which appears twice in the register with reported positions of approximately 2.28% and 2.50% at different share prices, likely reflecting separate reporting dates. The underlying register records eight shareholder entries in total, of which five are shown here; all are companies rather than individuals, and no ownership percentage in this register has been replaced with an assumed or zero value where not reported.

No single ultimate beneficial owner can be identified from the available filings. Voting and dispositive power over the Walton Enterprises position is exercised collectively by its managing members acting by majority vote; since December 2024 those managing members have been four family management trusts, which succeeded four named individual family members in that role, according to SEC filings. Because control is exercised collectively rather than by one identifiable person, and because no jurisdiction-specific UBO threshold was supplied for this profile, this profile reports the disclosed percentages without assigning a single calculated UBO figure to any individual.

Shareholder and beneficial-ownership information for Walmart Inc., as a U.S. company whose stock is registered with the SEC, is best described as major shareholders only: holders crossing the 5% SEC disclosure threshold, together with a small number of individually reported family holdings, are identifiable through public filings, but the complete shareholder base is not published. Walmart Inc. is exempt, as an SEC-reporting company, from the beneficial-ownership registry requirements that apply to many privately held U.S. entities under the Corporate Transparency Act, so no separate federal UBO registry filing exists for it.

Sources: Schedule 13D/A, Walton Enterprises, LLC and Walton Family Holdings Trust, filed with the U.S. Securities and Exchange Commission on 3 March 2026 (SEC EDGAR, accession 0001140361-26-007628), retrieved 10 September 2026; Walmart Inc. shareholder register data verified 4 September 2026.

Walmart Inc.’s underlying state filing data lists numerous individual entries under Delaware’s corporate officer disclosure requirements, but many of these could not be independently corroborated against the company’s current public corporate leadership; some entries carry job titles referencing businesses unrelated to Walmart Inc.’s own operations, suggesting the underlying dataset mixes in unrelated or outdated records. For that reason, this overview relies only on officers who could be confirmed through Walmart Inc.’s own U.S. Securities and Exchange Commission filings and public announcements, rather than repeating the full state filing list.

As of the most recent confirmed public disclosures, John Furner holds the role of President and Chief Executive Officer of Walmart Inc., a position he assumed effective 1 February 2026; he was also elected to Walmart Inc.’s Board of Directors in connection with the appointment. John David Rainey continues to serve as Executive Vice President and Chief Financial Officer, a role he has held since May 2022, and Gregory B. Penner continues to serve as Chairman of the Board, a role he has held since 2015. Nationality is not disclosed for any of these individuals in the reviewed filings; the Bentonville, Arkansas address associated with Walmart Inc.’s corporate filings is the company’s business correspondence address and should not be read as any individual’s country of residence or nationality.

Recent officer changes: John Furner was appointed President and Chief Executive Officer of Walmart Inc. effective 1 February 2026, succeeding Doug McMillon, according to a company announcement dated 14 November 2025. Doug McMillon retired from the role of President and Chief Executive Officer effective 31 January 2026; per the same announcement, he continues to serve on Walmart Inc.’s Board of Directors and as an advisor during the transition.

Officer and director information for Walmart Inc. should be treated as partial rather than complete: Delaware’s corporate filing regime does not require the same level of officer detail, appointment-date precision or nationality disclosure as some other jurisdictions, and the state filing snapshot underlying this profile appears, in places, to be outdated or to include records that do not match the company’s current leadership. Compliance users should rely on Walmart Inc.’s own SEC filings and proxy statements for authoritative, current officer and director information.

Walmart Inc. sits at the top of its own corporate group. It has no identified corporate parent: it is a Nasdaq-listed public company (ticker WMT) and no filing reviewed for this profile indicates that another corporate entity owns or controls Walmart Inc. as a whole.

Based on Walmart Inc.’s most recent annual report on Form 10-K (fiscal year ended 31 January 2026) and its Exhibit 21 list of significant subsidiaries, the company holds direct or indirect ownership in a number of verified operating entities. In the United States, Sam’s West, Inc. and Sam’s East, Inc. (both Arkansas-incorporated) operate the Sam’s Club membership warehouse business as subsidiaries of Walmart Inc. Internationally, Wal-Mart de Mexico, S.A.B. de C.V. is a majority-owned subsidiary, with Walmart Inc. holding approximately 71% of its shares and the remaining approximately 29% publicly traded on the Mexican Stock Exchange, according to Wal-Mart de Mexico’s own investor disclosures. Wal-Mart Canada Corp. (Canada) and Walmart Chile S.A. (Chile) are also listed as significant subsidiaries in Walmart Inc.’s Exhibit 21 filing, though the exhibit does not itself state their ownership percentages.

Massmart Holdings Ltd. (South Africa) is a wholly owned subsidiary. Walmart Inc. held a majority stake in Massmart from 2011 and completed the acquisition of the remaining approximately 47% of Massmart’s shares in 2022 for approximately ZAR 6.4 billion (about USD 371 million), after which Massmart delisted from the Johannesburg Stock Exchange, according to contemporary reporting on the transaction. Flipkart Private Limited (Singapore) is an indirect subsidiary held through intermediate Singapore holding companies, with Walmart Inc. reporting ownership of approximately 84% as of 31 January 2026 in its FY2026 Form 10-K. PhonePe, an Indian digital-payments business held through the same Flipkart-linked structure, was approximately 73% owned by Walmart Inc. as of 31 January 2026 per the same filing; PhonePe filed for an initial public offering on Indian stock exchanges in which Walmart Inc. proposed to sell part of its stake, but press reporting from March 2026 indicates that listing process was paused amid market volatility, so it should be treated as a possible rather than completed change.

A verified recent structural change is the acquisition of VIZIO Holding Corp. (United States), which became a wholly owned subsidiary of Walmart Inc. on completion of a $2.3 billion all-cash transaction on 4 December 2024.

This corporate-structure information should be treated as partial. Walmart Inc.’s Exhibit 21 filing lists only subsidiaries considered significant in the aggregate under SEC rules, omitting a large number of smaller entities; ownership percentages are disclosed in the company’s public filings for only a subset of its international investees, and no sister-company or branch relationships could be independently verified for this profile as of 9 September 2026.