Walmart Inc. — Director's Dealing 2021

Dec 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2021-12-20

Reporting Person: WALTON JIM C (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-20	Common Stock	J	465000	—	Disposed	293693974	Indirect
2021-12-20	Common Stock	S	224206	$138.3722	Disposed	293469768	Indirect
2021-12-20	Common Stock	S	718899	$139.1542	Disposed	292750869	Indirect
2021-12-20	Common Stock	S	3876	$139.6397	Disposed	292746993	Indirect
2021-12-21	Common Stock	S	111435	$138.6318	Disposed	292635558	Indirect
2021-12-21	Common Stock	S	254898	$139.5273	Disposed	292380660	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10507124	Direct
Common Stock	1000891131	Indirect

Footnotes

F1: The transaction is a distribution of 465,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to beneficiaries of the Trust.

F2: This sale from the Trust was executed in multiple trades at prices ranging from $137.61 to $138.605, 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 $138.61 to $139.605, 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 $139.61 to $139.75, 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 $138.03 to $139.02, 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 $139.03 to $139.85, 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: The reporting person is a trustee of the Trust, the entity that holds 292,380,660 shares of Common Stock. The reporting person disclaims beneficial ownership of the reported securities held by the Trust except to the extent of his pecuniary interest therein.

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.