Walt Disney Co — Director's Dealing 2021

Dec 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walt Disney Co (DIS)
CIK: 0001744489
Period of Report: 2021-12-22

Reporting Person: Chapek Robert A (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-22	Disney Common Stock	M	119	—	Acquired	11559	Direct
2021-12-22	Disney Common Stock	F	119	$151.035	Disposed	11440	Direct
2021-12-22	Disney Common Stock	M	313	—	Acquired	11753	Direct
2021-12-22	Disney Common Stock	F	313	$151.035	Disposed	11440	Direct
2021-12-22	Disney Common Stock	M	319	—	Acquired	11759	Direct
2021-12-22	Disney Common Stock	F	319	$151.035	Disposed	11440	Direct
2021-12-22	Disney Common Stock	M	643	—	Acquired	12083	Direct
2021-12-22	Disney Common Stock	F	643	$151.035	Disposed	11440	Direct
2021-12-22	Disney Common Stock	M	418	—	Acquired	11858	Direct
2021-12-22	Disney Common Stock	F	418	$151.035	Disposed	11440	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-22	Restricted Stock Unit	$	M	119	Disposed	2022-12-17	Disney Common Stock (119.0)	Direct
2021-12-22	Restricted Stock Unit	$	M	313	Disposed		Disney Common Stock (313.0)	Direct
2021-12-22	Restricted Stock Unit	$	M	319	Disposed	2022-12-17	Disney Common Stock (319.0)	Direct
2021-12-22	Restricted Stock Unit	$	M	643	Disposed		Disney Common Stock (643.0)	Direct
2021-12-22	Restricted Stock Unit	$	M	418	Disposed	2023-12-17	Disney Common Stock (418.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Disney Common Stock	91	Indirect
Disney Common Stock	3555.581	Indirect
Disney Common Stock	123	Indirect

Footnotes

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

F2: Restricted stock units convert into common stock at 1-for-1.

F3: The 119 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.

F4: Vesting is limited to shares necessary to cover withholding obligations related to future vestings. The remaining stock units vest as to 2,232 stock units on each February 28 of 2022 and 2023, and as to 2,231 stock units on February 28, 2024.

F5: The 313 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.

F6: The 319 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.

F7: Vesting is limited to shares necessary to cover withholding obligations related to future vestings. The remaining stock units vest as to 6,888 stock units on December 17, 2022, and as to 6,887 stock units on December 17, 2023.

F8: The 643 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.

F9: The 418 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.

F10: Shares held in The Walt Disney Stock Fund as of December 21, 2021. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.