Walmart Inc. — Director's Dealing 2019

Feb 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2019-02-20

Reporting Person: WALTON JIM C (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-20	Common Stock	S	705786	$99.1252	Disposed	39898072	Indirect
2019-02-20	Common Stock	S	247703	$100.1778	Disposed	39650369	Indirect
2019-02-20	Common Stock	S	127012	$101.1125	Disposed	39523357	Indirect
2019-02-20	Common Stock	S	59195	$101.9675	Disposed	39464162	Indirect
2019-02-21	Common Stock	S	716173	$99.3126	Disposed	38747989	Indirect
2019-02-22	Common Stock	J	6688795	—	Disposed	32059194	Indirect
2019-02-22	Common Stock	J	5000000	—	Acquired	15557224	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
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 $98.665 to $99.66, inclusive. The price reported above reflects the weighted average sales 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 $99.67 to $100.66, 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.

F3: This sale from the Trust was executed in multiple trades at prices ranging from $100.67 to $101.66, inclusive. The price reported above reflects the weighted average sales 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 $101.67 to $102.31, 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: This sale from the Trust was executed in multiple trades at prices ranging from $98.91 to $99.68, 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 transaction is a distribution of 6,688,795 shares of Common Stock, for no consideration, by the Trust to certain beneficiaries of the Trust.

F7: The reporting person is a trustee of the Trust, the entity that owns 32,059,194 shares of Common Stock. The reporting person disclaims beneficial ownership of the reported securities held by the Trust except to the extent of his pecuniary interest therein.

F8: The transaction is the receipt of 5,000,000 shares of Common Stock, for no consideration, in a distribution from the Trust.

F9: 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.