Form 4 Walmart Inc. For: Sep 16 Filed by: McMillon C Douglas

September 18, 2020 6:41 PM
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
McMillon C Douglas

(Last) (First) (Middle)
702 S.W. 8TH STREET

(Street)
BENTONVILLE AR 72716-0215

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Walmart Inc. [ WMT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
09/16/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/16/2020 J 19,090 (1) D $ 0 (1) 1,455,684.895 (2) (3) D
Common Stock 1,796.1891 (4) I By 401(k)
Common 138,401 I By Trust for Children
Common 19,090 (1) I By Wife's Trust for Children
Common 59,563 I By Trust for Wife
Common 2,258 I By Son
Common 131,990 I By Wife's Trust for Children and Reporting Person
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On September 16, 2020, the Reporting Person transferred 19,090 shares held in a revocable trust to a trust for the benefit of the Reporting Person's children (the "Wife's Trust for Children") in satisfaction of an obligation to contribute $2,622,321.71 to the Wife's Trust for Children. The Reporting Person now reports indirect ownership of the transferred shares though the Wife's Trust for Children.
2. Includes 200,000 shares of the Issuer's Common Stock previously reported as indirectly owned through a grantor retained annuity trust ("GRAT"). On September 16, 2020, the Reporting Person withdrew the shares from the GRAT in exchange for consideration of commensurate value.
3. Balance adjusted to reflect shares acquired through the Walmart Inc. Associate Stock Purchase Plan.
4. Balance adjusted to reflect shares acquired through the Walmart 401(k) Plan.
/s/ Geoffrey W. Edwards, By Power of Attorney 09/18/2020
** Signature of Reporting Person Date
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).
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