Walmart Inc. — Director's Dealing 2020

Dec 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2020-12-14

Reporting Person: WALTON ALICE L (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-14	Common Stock	S	116816	$146.0394	Disposed	384654599	Indirect
2020-12-14	Common Stock	S	78690	$146.954	Disposed	384575909	Indirect
2020-12-14	Common Stock	S	9215	$147.4657	Disposed	384566694	Indirect
2020-12-15	Common Stock	S	237401	$145.5205	Disposed	384329293	Indirect
2020-12-15	Common Stock	S	50971	$145.9416	Disposed	384278322	Indirect
2020-12-16	Common Stock	J	423500	—	Disposed	383854822	Indirect
2020-12-16	Common Stock	S	206731	$145.518	Disposed	383648091	Indirect
2020-12-16	Common Stock	S	121972	$146.4201	Disposed	383526119	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7173580	Direct
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 $145.405 to $146.40, 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 $146.41 to $147.40, 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 $147.41 to $147.47, 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 $144.88 to $145.87, 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 $145.88 to $146.28, 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 423,500 shares of Common Stock, for no consideration, by the Trust to certain beneficiaries of the Trust.

F7: This sale from the Trust was executed in multiple trades at prices ranging from $145.09 to $146.08, 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: This sale from the Trust was executed in multiple trades at prices ranging from $146.09 to $146.89, 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.

F9: The reporting person is a trustee of the Trust, the entity that holds 383,526,119 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.

F10: 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.