X0306 4 2019-12-20 0000104169 Walmart Inc. WMT 0001335782 McMillon C Douglas 702 S.W. 8TH STREET BENTONVILLE AR 72716-0215 1 1 President and CEO Common 2019-12-20 4 J 0 61998 0 D 138401 I By Trust for Children Common Stock 2019-12-20 4 J 0 61998 0 A 1408479.684 D Common 131990 I By Wife's Trust for Children Common 59563 I By Trust for Wife Common 2258 I By Son Common Stock 1765.8994 I By 401(k) The transaction is a transfer of 61,998 shares of Common Stock, in return for consideration of commensurate value, from a trust for the benefit of Reporting Person's children to a separate revocable trust of the Reporting Person. Balance also adjusted to reflect 38,002 shares that reverted to Reporting Person's revocable trust from a trust for benefit of Reporting Person's children in respect of an annuity obligation. Balance adjusted to reflect 25.3910 shares acquired through the Walmart Inc. Associate Stock Purchase Plan. Balance adjusted to reflect shares acquired through the Walmart 401(k) Plan. /s/ Geoffrey W. Edwards, By Power of Attorney 2019-12-23