Walt Disney Co — Director's Dealing 2020

Nov 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walt Disney Co (DIS)
CIK: 0001744489
Period of Report: 2020-11-24

Reporting Person: BRAVERMAN ALAN N (Sr EVP, General Counsel & Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-24	Disney Common Stock	M	28032	$51.29	Acquired	126954	Direct
2020-11-24	Disney Common Stock	S	28032	$150	Disposed	98922	Direct
2020-11-24	Disney Common Stock	M	20876	$72.59	Acquired	119798	Direct
2020-11-24	Disney Common Stock	S	20876	$150	Disposed	98922	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-24	Stock Option (Right-to-Buy)	$51.29	M	28032	Disposed	2023-01-16	Disney Common Stock (28032.0)	Direct
2020-11-24	Stock Option (Right-to-Buy)	$72.59	M	20876	Disposed	2023-12-19	Disney Common Stock (20876.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Disney Common Stock	12376.923	Indirect

Footnotes

F1: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.

F2: Shares were sold in three incremental transactions pursuant to a single sell order. Sale prices of individual transactions ranged from $150.00 to $150.01. Upon request, the reporting person will provide to the Securities and Exchange Commission, to the Issuer of the securities herein, or to a securities holder the complete sales data, including the number of shares sold at each separate price.

F3: Shares held in The Walt Disney Stock Fund as of November 23, 2020. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.

F4: The option is fully vested.