Walt Disney Co (DIS) · Insider Trading (Form 4) SEC Filing

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-06-22 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Walt Disney Co (DIS) CIK: 0001744489 --- Reporting Owner --- Name: Coleman Sonia L CIK: 0001969984 Role: Officer (Sr. EVP & Chief People Officer) --- Non-Derivative Transactions --- [Transaction #1] Security: Disney Common Stock Date: 2026-06-23 | Code: M (Exercise of derivative) Shares: +809 Shares Owned After: 811 | Ownership: D (Direct) Footnotes: [F1] Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vested in three substantially equal annual installments, which began on June 23, 2024. Includes dividend equivalents accrued on the award. [F2] Restricted stock units convert into common stock at 1-for-1. [Transaction #2] Security: Disney Common Stock Date: 2026-06-23 | Code: F (Payment of exercise/tax) Shares: -291 | Price: $102.92 Total Value: $29,949.72 Shares Owned After: 520 | Ownership: D (Direct) Footnotes: [F3] The 291 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. --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Unit Date: 2026-06-22 | Code: A (Grant or award) Shares: +1,719.8123 | Price: $0.00 Exercisable: N/A | Expires: 2026-06-23 Shares Owned After: 4,079.7036 | Ownership: D (Direct) Footnotes: [F2] Restricted stock units convert into common stock at 1-for-1. [F5] Restricted stock units were awarded during the Company's 2023 fiscal year and were subject to performance conditions, which were satisfied as to 1,719.8123 shares (including an adjustment to reflect the extent to which applicable performance criteria were met and accumulated dividend equivalents) on June 22, 2026. [F6] The stock unit award vests on the expiration date. [Transaction #2] Security: Restricted Stock Unit Date: 2026-06-23 | Code: M (Exercise of derivative) Shares: -809 | Price: $0.00 Shares Owned After: 0 | Ownership: D (Direct) Footnotes: [F2] Restricted stock units convert into common stock at 1-for-1. [F1] Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vested in three substantially equal annual installments, which began on June 23, 2024. Includes dividend equivalents accrued on the award. [F1] Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vested in three substantially equal annual installments, which began on June 23, 2024. Includes dividend equivalents accrued on the award. --- Holdings --- [Holding #1] Security: Disney Common Stock Ownership: I (Indirect) Footnotes: [F4] Shares held in The Walt Disney Stock Fund as of June 23, 2026. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions. --- Footnotes (Complete Index) --- F1: Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vested in three substantially equal annual installments, which began on June 23, 2024. Includes dividend equivalents accrued on the award. F2: Restricted stock units convert into common stock at 1-for-1. F3: The 291 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: Shares held in The Walt Disney Stock Fund as of June 23, 2026. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions. F5: Restricted stock units were awarded during the Company's 2023 fiscal year and were subject to performance conditions, which were satisfied as to 1,719.8123 shares (including an adjustment to reflect the extent to which applicable performance criteria were met and accumulated dividend equivalents) on June 22, 2026. F6: The stock unit award vests on the expiration date. --- Signature --- /s/ /s/ Karen Young, as attorney-in-fact (2026-06-24)