Walmart Inc. — Director's Dealing 2020

Sep 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2020-06-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-25	Common Stock	G	35000	—	Disposed	2580930.6834	Direct
2020-09-08	Common Stock	J	21451047	—	Disposed	397704553	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000891131	Indirect

Footnotes

F1: On June 25, 2020, the reporting person made a charitable gift of 35,000 shares of Common Stock.

F2: Balance adjusted to reflect phantom shares acquired as dividend equivalents on deferred stock.

F3: The transaction is a distribution of 21,451,047 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to certain beneficiaries of the Trust (the "Distribution").

F4: The reporting person is a trustee of the Trust, the entity that owns 397,704,553 shares of Common Stock following the Distribution. The reporting person disclaims beneficial ownership of the reported securities held by such Trust except to the extent of his pecuniary interest therein.

F5: 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.