Walmart Inc. — Director's Dealing 2021

Sep 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2021-09-20

Reporting Person: WALTON ALICE L (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-20	Common Stock	J	3955000	—	Disposed	307892068	Indirect
2021-09-20	Common Stock	J	555000	—	Acquired	7303580	Direct
2021-09-20	Common Stock	S	233927	$142.4149	Disposed	307658141	Indirect
2021-09-20	Common Stock	S	74000	$142.7982	Disposed	307584141	Indirect
2021-09-21	Common Stock	S	268887	$143.2711	Disposed	307315254	Indirect
2021-09-21	Common Stock	S	115186	$144.0721	Disposed	307200068	Indirect
2021-09-22	Common Stock	J	208000	—	Disposed	306992068	Indirect
2021-09-22	Common Stock	G	555000	—	Disposed	6748580	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000891131	Indirect

Footnotes

F1: The transaction is a distribution of 3,955,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to certain beneficiaries of the Trust.

F2: The transaction is the receipt of 555,000 shares of Common Stock, for no consideration, in a distribution from the Trust.

F3: This sale from the Trust was executed in multiple trades at prices ranging from $141.75 to $142.745, 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 $142.75 to $142.87, 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 $142.70 to $143.69, 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 $143.70 to $144.57, 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 transaction is a distribution of 208,000 shares of Common Stock, for no consideration, by the Trust to a beneficiary of the Trust.

F8: The reporting person is a trustee of the Trust, the entity that holds 306,992,068 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.

F9: On September 22, 2021, the reporting person made a charitable gift of 555,000 shares of Common Stock.

F10: 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.