X0306 4 2021-08-31 0000104169 Walmart Inc. WMT 0001013440 WALTON ALICE L P.O. BOX 1860 BENTONVILLE AR 72712 1 Common Stock 2021-08-31 4 J 0 46600 0 D 316416068 I By Trust Common Stock 2021-09-02 4 S 0 747933 148.4514 D 315668135 I By Trust Common Stock 2021-09-02 4 S 0 6722 148.715 D 315661413 I By Trust Common Stock 6748580 D Common Stock 1000891131 I By Limited Liability Company The transaction is a distribution of 46,600 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to a beneficiary of the Trust. This sale from the Trust was executed in multiple trades at prices ranging from $147.69 to $148.68, 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 Trust was executed in multiple trades at prices ranging from $148.69 to $148.77, 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. The reporting person is a trustee of the Trust, the entity that holds 315,661,413 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 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 2021-09-02