Walmart Inc. — Director's Dealing 2022

Aug 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2022-08-17

Reporting Person: WALTON JIM C (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-17	Common Stock	S	724106	$139.7176	Disposed	285815529	Indirect
2022-08-17	Common Stock	S	115315	$140.739	Disposed	285700214	Indirect
2022-08-17	Common Stock	S	92347	$141.6352	Disposed	285607867	Indirect
2022-08-18	Common Stock	S	215954	$138.9808	Disposed	285391913	Indirect
2022-08-18	Common Stock	S	55089	$139.9678	Disposed	285336824	Indirect
2022-08-19	Common Stock	J	1886000	—	Disposed	283450824	Indirect
2022-08-19	Common Stock	S	156708	$137.568	Disposed	283294116	Indirect
2022-08-19	Common Stock	S	93292	$138.2771	Disposed	283200824	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10507124	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 $139.345 to $140.34, 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 $140.35 to $141.34, 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 $141.35 to $142.06, 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 $138.52 to $139.51, 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 $139.52 to $140.38, 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 1,886,000 shares of Common Stock, for no consideration, by the Trust to beneficiaries of the Trust.

F7: This sale from the Trust was executed in multiple trades at prices ranging from $137.08 to $138.07, 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 $138.08 to $138.77, 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: The reporting person is a trustee of the Trust, the entity that owns 283,200,824 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.

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 his pecuniary interest therein.