Walmart Inc. — Director's Dealing 2019

Jun 7, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2019-06-05

Reporting Person: WALTON S ROBSON (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-05	Common Stock	A	1676	—	Acquired	3349250.4534	Direct
2019-06-06	Common Stock	S	737813	$105.2797	Disposed	5709468	Indirect
2019-06-07	Common Stock	J	1276855	—	Disposed	4432613	Indirect
2019-06-07	Common Stock	S	277013	$105.4545	Disposed	4155600	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1415891131	Indirect

Footnotes

F1: Represents annual equity grant as part of the reporting person's non-management director compensation. The receipt of these shares was deferred to a future date under an election previously made by the Reporting Person.

F2: Balance adjusted to reflect phantom shares acquired as dividend equivalents on deferred stock.

F3: This sale from the Walton Family Holdings Trust (the "Trust") was executed in multiple trades at prices ranging from $104.70 to $105.66, 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: The transaction is a distribution of 1,276,855 shares of Common Stock, for no consideration, by the Trust to a beneficiary of the Trust.

F5: This sale from the Trust was executed in multiple trades at prices ranging from $105.08 to $105.86, 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.

F6: The reporting person is a trustee of the Trust, the entity that owns 4,155,600 shares of Common Stock. The reporting person disclaims beneficial ownership of the reported securities held by such Trust except to the extent of his pecuniary interest therein.

F7: 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 his pecuniary interest therein.