Walmart Inc. — Director's Dealing 2020

Dec 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2020-12-21

Reporting Person: WALTON ALICE L (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-21	Common Stock	S	817469	$145.688	Disposed	381211499	Indirect
2020-12-21	Common Stock	S	287531	$146.3153	Disposed	380923968	Indirect
2020-12-21	Common Stock	J	904000	—	Disposed	380019968	Indirect
2020-12-21	Common Stock	G	425000	—	Disposed	6748580	Direct
2020-12-22	Common Stock	S	124898	$143.6242	Disposed	379895070	Indirect
2020-12-22	Common Stock	S	198281	$144.9296	Disposed	379696789	Indirect
2020-12-22	Common Stock	S	53219	$145.3257	Disposed	379643570	Indirect
2020-12-22	Common Stock	J	129000	—	Disposed	379514570	Indirect
2020-12-23	Common Stock	S	327630	$143.0929	Disposed	379186940	Indirect
2020-12-23	Common Stock	S	220972	$143.6192	Disposed	378965968	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 $145.10 to $146.095, 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 $146.10 to $146.66, 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: The transaction is a distribution of 904,000 shares of Common Stock, for no consideration, by the Trust to a beneficiary of the Trust.

F4: On December 21, 2020, the reporting person made a charitable gift of 425,000 shares of Common Stock.

F5: This sale from the Trust was executed in multiple trades at prices ranging from $143.15 to $144.14, 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: This sale from the Trust was executed in multiple trades at prices ranging from $144.15 to $145.145, 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 $145.15 to $145.96, 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 transaction is a distribution of 129,000 shares of Common Stock, for no consideration, by the Trust to a beneficiary of the Trust.

F9: This sale from the Trust was executed in multiple trades at prices ranging from $142.40 to $143.395, 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.

F10: This sale from the Trust was executed in multiple trades at prices ranging from $143.40 to $144.20, 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.

F11: The reporting person is a trustee of the Trust, the entity that holds 378,965,968 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.

F12: 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 her pecuniary interest therein.