Walmart Inc. — Director's Dealing 2020

Dec 31, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2020-12-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-29	Common Stock	S	283098	$144.146	Disposed	378682870	Indirect
2020-12-29	Common Stock	S	110724	$144.9295	Disposed	378572146	Indirect
2020-12-29	Common Stock	S	17533	$145.6705	Disposed	378554613	Indirect
2020-12-29	Common Stock	J	4790600	—	Disposed	373764013	Indirect
2020-12-29	Common Stock	J	635000	—	Acquired	3215991.2965	Direct
2020-12-30	Common Stock	S	1583928	$144.2239	Disposed	372180085	Indirect
2020-12-30	Common Stock	S	4717	$145.0149	Disposed	372175368	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000891131	Indirect

Footnotes

F1: This sale from the Walton Family Holdings Trust (the "Trust") was executed in multiple trades at prices ranging from $143.61 to $144.605, 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 $144.61 to $145.605, 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 $145.61 to $145.83, 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 4,790,600 shares of Common Stock, for no consideration, by the Trust to certain beneficiaries of the Trust.

F5: The transaction is the receipt of 635,000 shares of Common Stock, for no consideration, in a distribution from the Trust.

F6: This sale from the Trust was executed in multiple trades at prices ranging from $143.96 to $144.955, 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: This sale from the Trust was executed in multiple trades at prices ranging from $144.96 to $145.15, 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.

F8: The reporting person is a trustee of the Trust, the entity that owns 372,175,368 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.

F9: The reporting person is a member of Walton Enterprises, LLC, the entity that owns 1,000,891,131 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.