Walmart Inc. — Director's Dealing 2021

Sep 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2021-09-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-16	Common Stock	J	70000	—	Disposed	313046068	Indirect
2021-09-16	Common Stock	S	173571	$145.0865	Disposed	312872497	Indirect
2021-09-17	Common Stock	J	520000	—	Disposed	312352497	Indirect
2021-09-17	Common Stock	S	244032	$144.6916	Disposed	312108465	Indirect
2021-09-17	Common Stock	S	261297	$145.5392	Disposed	311847168	Indirect
2021-09-17	Common Stock	S	100	$146.16	Disposed	311847068	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3217407.5935	Direct
Common Stock	1000891131	Indirect

Footnotes

F1: The transaction is a distribution of 70,000 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 $144.79 to $145.29, 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: The transaction is a distribution of 520,000 shares of Common Stock, for no consideration, by the Trust to a beneficiary of the Trust.

F4: This sale from the Trust was executed in multiple trades at prices ranging from $144.14 to $145.135, 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 $145.14 to $146.13, 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 $146.14 to $146.16, 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 owns 311,847,068 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.