X0306 4 2017-02-24 0000104169 WAL MART STORES INC WMT 0001219112 WALTON S ROBSON 702 S.W. 8TH STREET BENTONVILLE AR 72716-0215 1 1 Common Stock 2017-02-24 4 S 0 2145902 72.1101 D 141984780 I By Trust Common Stock 2017-02-27 4 S 0 72159 72.5341 D 141912621 I By Trust Common Stock 2017-02-27 4 S 0 1449282 71.7881 D 140463339 I By Trust Common Stock 3342653.0482 D Common Stock 1415891131 I By Limited Liability Company This sale from the Walton Family Holdings Trust was executed in multiple trades at prices ranging from $71.45 to $72.445, 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. This sale from the Walton Family Holdings Trust was executed in multiple trades at prices ranging from $72.45 to $72.785, 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. This sale from the Walton Family Holdings Trust was executed in multiple trades at prices ranging from $71.57 to $72.41, 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. The reporting person is a trustee of the Walton Family Holdings Trust, the entity that owns 140,463,339 shares of Common Stock. The reporting person disclaims beneficial ownership of the reported securities held by such Trust except to the extent of his pecuniary interest therein. The reporting person is a member of Walton Enterprises, LLC, the entity that owns 1,415,891,131 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. /s/ Jennifer F. Rudolph, by power of attorney 2017-02-28