Walmart Inc. — Director's Dealing 2023

Feb 25, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walmart Inc. (WMT)
CIK: 0000104169
Period of Report: 2023-02-22

Reporting Person: WALTON JIM C (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-22	Common Stock	S	199483	$143.3559	Disposed	267494152	Indirect
2023-02-22	Common Stock	S	457902	$144.2089	Disposed	267036250	Indirect
2023-02-22	Common Stock	S	161693	$145.1268	Disposed	266874557	Indirect
2023-02-22	Common Stock	S	33137	$146.1264	Disposed	266841420	Indirect
2023-02-23	Common Stock	S	164396	$141.2555	Disposed	266677024	Indirect
2023-02-23	Common Stock	S	462419	$142.1769	Disposed	266214605	Indirect
2023-02-23	Common Stock	S	79382	$143.1697	Disposed	266135223	Indirect
2023-02-23	Common Stock	J	334000	—	Disposed	265801223	Indirect
2023-02-24	Common Stock	S	29818	$140.2386	Disposed	265771405	Indirect
2023-02-24	Common Stock	S	52811	$141.5649	Disposed	265718594	Indirect
2023-02-24	Common Stock	S	88102	$142.3013	Disposed	265630492	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 $142.85 to $143.845, inclusive. The price reported above reflects the weighted average sales 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 $143.85 to $144.84, inclusive. The price reported above reflects the weighted average sales 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 $144.85 to $145.84, inclusive. The price reported above reflects the weighted average sales 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 $145.85 to $146.56, inclusive. The price reported above reflects the weighted average sales 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 $140.73 to $141.72, inclusive. The price reported above reflects the weighted average sales 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 $141.73 to $142.72, inclusive. The price reported above reflects the weighted average sales 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: This sale from the Trust was executed in multiple trades at prices ranging from $142.73 to $143.67, inclusive. The price reported above reflects the weighted average sales 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: The transaction is a distribution of 334,000 shares of Common Stock, for no consideration, by the Trust to a beneficiary of the Trust.

F9: This sale from the Trust was executed in multiple trades at prices ranging from $140.00 to $140.99, inclusive. The price reported above reflects the weighted average sales 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: This sale from the Trust was executed in multiple trades at prices ranging from $141.00 to $141.99, inclusive. The price reported above reflects the weighted average sales 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.

F11: This sale from the Trust was executed in multiple trades at prices ranging from $142.00 to $142.73, inclusive. The price reported above reflects the weighted average sales 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.

F12: The reporting person is a trustee of the Trust, the entity that owns 265,630,492 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.

F13: 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.