Walmart Inc. — Director's Dealing 2018

Nov 29, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2018-11-26

Reporting Person: WALTON ALICE L (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-26	Common Stock	S	1163048	$95.1795	Disposed	50312998	Indirect
2018-11-26	Common Stock	S	34979	$95.8404	Disposed	50278019	Indirect
2018-11-27	Common Stock	S	1251332	$95.0386	Disposed	49026687	Indirect
2018-11-27	Common Stock	S	6997	$95.5124	Disposed	49019690	Indirect
2018-11-27	Common Stock	J	2260000	—	Disposed	46759690	Indirect
2018-11-28	Common Stock	S	275000	$96.4884	Disposed	46484690	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6748580	Direct
Common Stock	1415891131	Indirect

Footnotes

F1: This sale from the Walton Family Holdings Trust (the "Trust") was executed in multiple trades at prices ranging from $94.75 to $95.745, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.

F2: This sale from the Trust was executed in multiple trades at prices ranging from $95.75 to $96.05, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.

F3: This sale from the Trust was executed in multiple trades at prices ranging from $94.50 to $95.495, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.

F4: This sale from the Trust was executed in multiple trades at prices ranging from $95.50 to $95.53, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.

F5: The transaction is a distribution of 2,260,000 shares of Common Stock, for no consideration, by the Trust to a beneficiary of the Trust.

F6: This sale from the Trust was executed in multiple trades at prices ranging from $96.29 to $96.72, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.

F7: The reporting person is a trustee of the Trust, the entity that holds 46,484,690 shares of Common Stock. The reporting person disclaims beneficial ownership of the reported securities held by the Trust except to the extent of her pecuniary interest therein.

F8: The reporting person is a member of Walton Enterprises, LLC, the entity that owns 1,415,891,131 shares of Common Stock. The reporting person disclaims beneficial ownership of the reported securities held by such LLC except to the extent of her pecuniary interest therein.