# EDGAR Filing Document

**Accession Number:** 0001013440
**File Stem:** 0001127602-23-008003
**Filing Date:** 2023-3
**Character Count:** 10026
**Document Hash:** c9c47a0c122636784986df8b02621915
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001127602-23-008003.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001127602-23-008003

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230227

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** WALTON ALICE L
- **CENTRAL INDEX KEY:** 0001013440

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-06991
- **FILM NUMBER:** 23695561

**MAIL ADDRESS:**
- **STREET 1:** 110 N.W. SECOND STREET
- **STREET 2:** SUITE 300
- **CITY:** BENTONVILLE
- **STATE:** AR
- **ZIP:** 72712
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Walmart Inc.
- **CENTRAL INDEX KEY:** 0000104169
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-VARIETY STORES [5331]
- **IRS NUMBER:** 710415188
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**BUSINESS ADDRESS:**
- **STREET 1:** 702 SOUTHWEST 8TH ST
- **CITY:** BENTONVILLE
- **STATE:** AR
- **ZIP:** 72716
- **BUSINESS PHONE:** 5012734000

**MAIL ADDRESS:**
- **STREET 1:** 702 SOUTHWEST 8TH STREET
- **CITY:** BENTONVILLE
- **STATE:** AR
- **ZIP:** 72716

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WAL MART STORES INC
- **DATE OF NAME CHANGE:** 19920703

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>WALTON ALICE L<br><sub>(Last) (First) (Middle)</sub><br>P.O. BOX 1860<br><sub>(Street)</sub><br>BENTONVILLE, AR 72712<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-27 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Walmart Inc. [ WMT ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-02-27 |  | S |  | 34636 | D | 141.3825<sup>(1)</sup> | 265595856 | I | By Trust |
| Common Stock | 2023-02-27 |  | S |  | 40603 | D | 142.4593<sup>(2)</sup> | 265555253 | I | By Trust |
| Common Stock | 2023-02-27 |  | S |  | 117892 | D | 142.8985<sup>(3)</sup> | 265437361 | I | By Trust |
| Common Stock | 2023-02-28 |  | S |  | 448765 | D | 142.1976<sup>(4)</sup> | 264988596 | I | By Trust |
| Common Stock | 2023-02-28 |  | S |  | 114952 | D | 142.5023<sup>(5)</sup> | 264873644 | I | By Trust |
| Common Stock | 2023-03-01 |  | S |  | 28136 | D | 140.2386<sup>(6)</sup> | 264845508 | I | By Trust |
| Common Stock | 2023-03-01 |  | S |  | 4734 | D | 141.0623<sup>(7)</sup> | 264840774 | I | By Trust<sup>(8)</sup> |
| Common Stock |  |  |  |  |  |  |  | 6748580 | D |  |
| Common Stock |  |  |  |  |  |  |  | 1000891131 | I | By Limited Liability Company<sup>(9)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) This sale from the Walton Family Holdings Trust (the "Trust") was executed in multiple trades at prices ranging from $140.75 to $141.74, 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.

(2) This sale from the Trust was executed in multiple trades at prices ranging from $141.75 to $142.745, 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.

(3) This sale from the Trust was executed in multiple trades at prices ranging from $142.75 to $143.07, 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.

(4) This sale from the Trust was executed in multiple trades at prices ranging from $141.43 to $142.425, 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.

(5) This sale from the Trust was executed in multiple trades at prices ranging from $142.43 to $142.66, 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.

(6) 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 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.

(7) This sale from the Trust was executed in multiple trades at prices ranging from $141.00 to $141.10, 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.

(8) The reporting person is a trustee of the Trust, the entity that holds 264,840,774 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.

(9) 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.

**Signature:** /s/ Jennifer F. Rudolph, by Power of Attorney  
**Date:** 2023-03-01

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**