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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-22	Disney Common Stock	M	160	—	Acquired	109542	Direct
2021-12-22	Disney Common Stock	F	160	$151.035	Disposed	109382	Direct
2021-12-22	Disney Common Stock	M	417	—	Acquired	109799	Direct
2021-12-22	Disney Common Stock	F	417	$151.035	Disposed	109382	Direct
2021-12-22	Disney Common Stock	M	136	—	Acquired	109518	Direct
2021-12-22	Disney Common Stock	F	136	$151.035	Disposed	109382	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-22	Restricted Stock Unit	$	M	160	Disposed	2022-12-17	Disney Common Stock (160.0)	Direct
2021-12-22	Restricted Stock Unit	$	M	417	Disposed		Disney Common Stock (417.0)	Direct
2021-12-22	Restricted Stock Unit	$	M	136	Disposed	2023-12-17	Disney Common Stock (136.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Disney Common Stock	12481.191	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 160 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 4,436 stock units on December 17, 2022, and as to 4,435 stock units on December 17, 2023.

F5: The 417 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 136 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: 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.