Disney

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-07-17 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Walt Disney Co (DIS) CIK: 0001744489 --- Reporting Owner --- Name: Roeder Paul M CIK: 0002121555 Role: Officer (Sr EVP and Chief Comm Officer) --- Non-Derivative Transactions --- [Transaction #1] Security: Disney Common Stock Date: 2026-07-17 | Code: M (Exercise of derivative) Shares: +955 Shares Owned After: 3,936 | 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 six substantially equal semi-annual installments, which began on January 17, 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: 2026-07-17 | Code: F (Payment of exercise/tax) Shares: -343 | Price: $98.42 Total Value: $33,758.06 Shares Owned After: 3,593 | Ownership: D (Direct) Footnotes: [F3] The 343 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: 2026-07-17 | Code: M (Exercise of derivative) Shares: -955 | 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 six substantially equal semi-annual installments, which began on January 17, 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 six substantially equal semi-annual installments, which began on January 17, 2024. Includes dividend equivalents accrued on the award. --- 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 six substantially equal semi-annual installments, which began on January 17, 2024. Includes dividend equivalents accrued on the award. F2: Restricted stock units convert into common stock at 1-for-1. F3: The 343 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. --- Signature --- /s/ /s/ Karen Young, as attorney-in-fact (2026-07-20)