Walmart Inc. — Director's Dealing 2020

Nov 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2020-11-23

Reporting Person: WALTON ALICE L (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-23	Common Stock	S	120389	$149.9353	Disposed	387382079	Indirect
2020-11-23	Common Stock	S	129611	$150.7412	Disposed	387252468	Indirect
2020-11-24	Common Stock	G	650000	—	Disposed	10673580	Direct
2020-11-25	Common Stock	S	10000	$151.8843	Disposed	387242468	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 $149.39 to $150.39, 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 $150.40 to $151.40, 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: On November 24, 2020, the reporting person made a charitable gift of 650,000 shares of Common Stock.

F4: This sale from the Trust was executed in multiple trades at prices ranging from $151.815 to $151.97, 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: The reporting person is a trustee of the Trust, the entity that holds 387,242,468 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.

F6: 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.