Walmart Inc. — Director's Dealing 2022

Dec 15, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2022-12-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-12	Common Stock	S	448404	$146.8741	Disposed	272156587	Indirect
2022-12-12	Common Stock	S	411452	$147.8341	Disposed	271745135	Indirect
2022-12-13	Common Stock	S	740224	$147.2729	Disposed	271004911	Indirect
2022-12-13	Common Stock	S	88899	$148.0463	Disposed	270916012	Indirect
2022-12-13	Common Stock	S	43882	$149.3755	Disposed	270872130	Indirect
2022-12-14	Common Stock	J	222000	—	Disposed	270650130	Indirect
2022-12-14	Common Stock	S	323736	$146.6374	Disposed	270326394	Indirect
2022-12-14	Common Stock	S	189515	$147.5119	Disposed	270136879	Indirect
2022-12-14	Common Stock	S	51244	$148.2257	Disposed	270085635	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3219243.5835	Direct
Common Stock	1000891131	Indirect

Footnotes

F1: This sale from the Walton Family Holdings Trust (the "Trust") was executed in multiple trades at prices ranging from $146.14 to $147.13, 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.

F2: This sale from the Trust was executed in multiple trades at prices ranging from $147.14 to $148.09, 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 $146.74 to $147.73, 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 $147.74 to $148.73, 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 $148.74 to $149.61, 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 222,000 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 $146.00 to $146.99, 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 $147.00 to $147.995, 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 $148.00 to $148.52, 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: The reporting person is a trustee of the Trust, the entity that owns 270,085,635 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.

F11: 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.