Walmart Inc. — Director's Dealing 2020

Dec 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2020-11-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-27	Common Stock	G	200000	—	Disposed	2980991.2965	Direct
2020-11-30	Common Stock	S	136722	$151.9694	Disposed	387105746	Indirect
2020-11-30	Common Stock	S	363278	$152.6854	Disposed	386742468	Indirect
2020-12-01	Common Stock	S	144721	$152.3619	Disposed	386597747	Indirect
2020-12-01	Common Stock	S	32792	$152.7223	Disposed	386564955	Indirect
2020-12-01	Common Stock	G	400000	—	Disposed	2580991.2965	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000891131	Indirect

Footnotes

F1: On November 27, 2020, the reporting person made a charitable gift of 200,000 shares of Common Stock.

F2: This sale from the Walton Family Holdings Trust (the "Trust") was executed in multiple trades at prices ranging from $151.32 to $152.32, 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 $152.325 to $152.925, 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 $151.67 to $152.67, 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 $152.675 to $153.00, 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 386,564,955 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: On December 1, 2020, the reporting person made charitable gifts totaling 400,000 shares of Common Stock.

F8: 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.