Walt Disney Co — Director's Dealing 2020

Dec 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walt Disney Co (DIS)
CIK: 0001744489
Period of Report: 2020-12-22

Reporting Person: Mucha Zenia B. (SEVP & Chief Comms Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-22	Disney Common Stock	M	217	$170.305	Acquired	20634	Direct
2020-12-22	Disney Common Stock	F	217	$170.305	Disposed	20417	Direct
2020-12-23	Disney Common Stock	S	797	$172.96	Disposed	19620	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-22	Restricted Stock Unit	$	M	217	Disposed	2020-12-22	Disney Common Stock (217.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Disney Common Stock	2723.678	Indirect

Footnotes

F1: Vesting is limited to shares necessary to cover withholding obligations related to future vestings.

F2: The 217 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction.

F3: This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.

F4: Shares held in The Walt Disney Stock Fund as of December 22, 2020. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.

F5: Converts at 1-for-1.