X0306 4 2021-02-22 0000104169 Walmart Inc. WMT 0001013440 WALTON ALICE L P.O. BOX 1860 BENTONVILLE AR 72712 1 Common Stock 2021-02-22 4 J 0 15000000 0 D 357175368 I By Trust Common Stock 2021-02-22 4 J 0 15000000 0 A 21748580 D Common Stock 1000891131 I By Limited Liability Company 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. 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. The transaction is the receipt of 15,000,000 shares of Common Stock, for no consideration, in a distribution from the Trust. 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. /s/ Jennifer F. Rudolph, by Power of Attorney 2021-02-24