Walmart : Proxy Notice (WALMART INC. V N%26A Z89460 P27000 P26298 25%28%2386751%29 C4)

WMT

Your Vote Counts!

WALMART INC.

2025 Annual Shareholders' Meeting

Vote by June 4, 2025 11:59 PM ET. For shares held in a

Plan, vote by May 30, 2025 5:59 PM ET.

WALMART INC.

702 SW 8TH ST. BENTONVILLE, AR 72716

V68822-P27000-Z89460

You invested in WALMART INC. and it's time to vote!

You have the right to vote on proposals being presented at the Annual Meeting. This is an important notice regarding the availability of proxy materials for the annual shareholders' meeting to be held on June 5, 2025.

Get informed before you vote

View the Notice and Proxy Statement and Annual Report online OR you can receive a free paper or email copy of the proxy materials by requesting prior to May 22, 2025. If you would like to request a copy of the proxy materials for this and/or future shareholders' meetings, you may (1) visit www.ProxyVote.com, (2) call 1-800-579-1639 or (3) send an email to [email protected]. If sending an email, please include your control number (indicated below) in the subject line. There is no charge to you for requesting a copy. Unless requested, you will not otherwise receive a paper or email copy.

For complete information and to vote, visit www.ProxyVote.com

Control #

Smartphone users

Point your camera here and

vote without entering a

control number

Vote Virtually at the Meeting*

June 5, 2025

8:30 a.m. Central Time

Virtually at: www.virtualshareholdermeeting.com/WMT2025

*The company will be hosting the meeting live via audio webcast this year at the website address above. Please check the proxy materials for instructions on how to access the meeting.

Vote at www.ProxyVote.com

THIS IS NOT A VOTABLE BALLOT

This is an overview of the more complete proxy materials that are available to you on the Internet. You may view the proxy materials at www.ProxyVote.com or easily request a paper copy. We encourage you to access and review all of the important information contained in the proxy materials before voting. Please follow the instructions on the reverse side to vote these important matters.

Board

Voting Items

Recommends

1.

Election of Directors

Nominees:

1a.

Cesar Conde

For

1b.

Timothy P. Flynn

For

1c.

Sarah J. Friar

For

1d.

Carla A. Harris

For

1e.

Thomas W. Horton

For

1f.

Marissa A. Mayer

For

1g.

C. Douglas McMillon

For

1h.

Robert E. Moritz, Jr.

For

1i.

Brian Niccol

For

1j.

Gregory B. Penner

For

1k.

Randall L. Stephenson

For

1l.

Steuart L. Walton

For

Company Proposals:

2.

Ratification of Ernst & Young LLP as Independent Accountants

For

3.

Advisory Vote to Approve Named Executive Officer Compensation

For

4.

Approval of Walmart Inc. Stock Incentive Plan of 2025

For

Shareholder Proposals, in each case, if properly presented at the meeting:

5.

Request for Third-party Assessment of Company Policies Regarding Law Enforcement Information Requests Related

Against

to Medication Use by Customers and Employees

6.

Report on Reduction of Plastic Packaging and Recyclability Claims

Against

7.

Revisit Plastics Packaging Policies

Against

8.

Racial Equity Audit

Against

9.

Report on Delays in Revising Diversity, Equity, and Inclusion (DEI) Initiatives

Against

10.

Health and Safety Governance

Against

11.

Respect Civil Liberties in Advertising Services

Against

NOTE: Such other business as may properly come before the meeting or any adjournment thereof will be voted on by the proxy holders in their discretion. If any nominee becomes unwilling or unable to serve as a director, the proxy holders will have the authority to vote your shares for any substitute candidate nominated by the Board of Directors.

Prefer to receive an email instead? While voting on www.ProxyVote.com, be sure to click "Delivery Settings".

V68823-P27000-Z89460

Disclaimer

Walmart Inc. published this content on April 24, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 24, 2025 at 21:45 UTC.