Walmart Inc. — Director's Dealing 2021

Feb 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2021-02-22

Reporting Person: WALTON ALICE L (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-22	Common Stock	J	15000000	—	Disposed	357175368	Indirect
2021-02-22	Common Stock	J	15000000	—	Acquired	21748580	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000891131	Indirect

Footnotes

F1: The transaction is a distribution of 15,000,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to the reporting person.

F2: The reporting person is a trustee of the Trust, the entity that holds 357,175,368 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.

F3: The transaction is the receipt of 15,000,000 shares of Common Stock, for no consideration, in a distribution from the Trust.

F4: 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.