The company said it was informed on December 24, 2025 that Chris Nicholas, Executive Vice President, President and Chief Executive Officer of Sam's Club U.S., had entered into a stock trading plan designed to comply with Rule 10b5-1.

1. 01

   The company said it was informed on December 24, 2025 that Chris Nicholas, Executive Vice President, President and Chief Executive Officer of Sam's Club U.S., had entered into a stock trading plan designed to comply with Rule 10b5-1.

2. 02

   The company said Nicholas is scheduled to sell 2,900 shares at market prices on a specified date each month from April 2026 through March 2027, a period of 12 months, and that the maximum number of shares that may be sold under the plan is 34,800.

3. 03

   The company said the plan is part of Nicholas's long-term asset diversification, tax and financial planning strategy and is in accordance with the company's Insider Trading Policy. It also said Nicholas has no discretion or control over the timing or execution of transactions under the plan.

4. 04

   The company said Nicholas remains subject to its stock ownership guidelines, which require him to hold company stock worth at least 5 times his base salary, and will continue to meet this requirement after each sale under the plan. It said transactions under the plan will be disclosed to the extent required by law on Form 144 and Form 4.

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