=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-07-15
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Walt Disney Co (DIS)
CIK: 0001744489
--- Reporting Owner ---
Name: WOODFORD BRENT
CIK: 0001211698
Role: Officer (EVP, Control, Fin Plan & Tax)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Disney Common Stock
Date: 2026-07-15 | Code: M (Exercise of derivative)
Shares: +1,956
Shares Owned After: 60,585 | 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 vests in six substantially equal semi-annual installments, which began on July 15, 2025. 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: 2026-07-15 | Code: F (Payment of exercise/tax)
Shares: -477 | Price: $97.00
Total Value: $46,269.00
Shares Owned After: 60,108 | Ownership: D (Direct)
Footnotes:
[F3] The 477 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.
[Transaction #3]
Security: Disney Common Stock
Date: 2026-07-15 | Code: M (Exercise of derivative)
Shares: +1,871
Shares Owned After: 61,979 | Ownership: D (Direct)
Footnotes:
[F4] Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vests in six substantially equal semi-annual installments, which began on July 15, 2026.
[F2] Restricted stock units convert into common stock at 1-for-1.
[Transaction #4]
Security: Disney Common Stock
Date: 2026-07-15 | Code: F (Payment of exercise/tax)
Shares: -456 | Price: $97.00
Total Value: $44,232.00
Shares Owned After: 61,523 | Ownership: D (Direct)
Footnotes:
[F5] The 456 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: 2026-07-15 | Code: M (Exercise of derivative)
Shares: -1,956 | Price: $0.00
Shares Owned After: 5,868 | 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 vests in six substantially equal semi-annual installments, which began on July 15, 2025. 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 vests in six substantially equal semi-annual installments, which began on July 15, 2025. Includes dividend equivalents accrued on the award.
[Transaction #2]
Security: Restricted Stock Unit
Date: 2026-07-15 | Code: M (Exercise of derivative)
Shares: -1,871 | Price: $0.00
Shares Owned After: 9,359 | Ownership: D (Direct)
Footnotes:
[F2] Restricted stock units convert into common stock at 1-for-1.
[F4] Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vests in six substantially equal semi-annual installments, which began on July 15, 2026.
[F4] Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vests in six substantially equal semi-annual installments, which began on July 15, 2026.
--- Holdings ---
[Holding #1]
Security: Disney Common Stock
Ownership: I (Indirect)
[Holding #2]
Security: Disney Common Stock
Ownership: I (Indirect)
Footnotes:
[F6] Shares held in The Walt Disney Stock Fund as of July 15, 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 vests in six substantially equal semi-annual installments, which began on July 15, 2025. Includes dividend equivalents accrued on the award.
F2: Restricted stock units convert into common stock at 1-for-1.
F3: The 477 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 of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The award vests in six substantially equal semi-annual installments, which began on July 15, 2026.
F5: The 456 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: Shares held in The Walt Disney Stock Fund as of July 15, 2026. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.
--- Signature ---
/s/ /s/ Karen Young, as attorney-in-fact (2026-07-16)
