Walmart Inc. — Director's Dealing 2021

Dec 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2021-12-15

Reporting Person: WALTON JIM C (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-15	Common Stock	J	464000	—	Disposed	295616068	Indirect
2021-12-16	Common Stock	S	93027	$143.239	Disposed	295523041	Indirect
2021-12-16	Common Stock	S	68573	$144.3095	Disposed	295454468	Indirect
2021-12-16	Common Stock	S	293629	$145.469	Disposed	295160839	Indirect
2021-12-16	Common Stock	S	43498	$146.135	Disposed	295117341	Indirect
2021-12-17	Common Stock	J	525000	—	Disposed	294592341	Indirect
2021-12-17	Common Stock	S	196344	$140.4948	Disposed	294395997	Indirect
2021-12-17	Common Stock	S	42974	$141.3289	Disposed	294353023	Indirect
2021-12-17	Common Stock	S	145828	$142.4733	Disposed	294207195	Indirect
2021-12-17	Common Stock	S	48221	$143.4198	Disposed	294158974	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10507124	Direct
Common Stock	1000891131	Indirect

Footnotes

F1: The transaction is a distribution of 464,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust.

F2: This sale from the Trust was executed in multiple trades at prices ranging from $142.90 to $143.89, 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.

F3: This sale from the Trust was executed in multiple trades at prices ranging from $143.90 to $144.89, 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.

F4: This sale from the Trust was executed in multiple trades at prices ranging from $144.90 to $145.89, 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.

F5: This sale from the Trust was executed in multiple trades at prices ranging from $145.90 to $146.50, 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 525,000 shares of Common Stock, for no consideration, by the Trust to a beneficiary of the Trust.

F7: This sale from the Trust was executed in multiple trades at prices ranging from $140.00 to $140.99, 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 $141.00 to $141.99, 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: This sale from the Trust was executed in multiple trades at prices ranging from $142.00 to $142.99, 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.

F10: This sale from the Trust was executed in multiple trades at prices ranging from $143.00 to $143.91, 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.

F11: The reporting person is a trustee of the Trust, the entity that owns 294,158,974 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.

F12: 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.