Zenia B. Mucha - 22 Dec 2021 Form 4 Insider Report for Walt Disney Co (DIS)

Role: SEVP & Chief Comms Officer
Signature: /s/ Jolene E. Negre, as attorney-in-fact
Issuer symbol: DIS
Transactions as of: 22 Dec 2021
Net transactions value: -$43,800
Form type: 4
Filing time: 23 Dec 2021, 12:11:45 UTC
Previous filing: 21 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DIS	Disney Common Stock	Options Exercise		+68	+0.28%		24,614	22 Dec 2021	Direct	F1, F2
transaction	DIS	Disney Common Stock	Tax liability	$10,270	-68	-0.28%	$151.04	24,546	22 Dec 2021	Direct	F3
transaction	DIS	Disney Common Stock	Options Exercise		+167	+0.68%		24,713	22 Dec 2021	Direct	F2, F4
transaction	DIS	Disney Common Stock	Tax liability	$25,223	-167	-0.68%	$151.04	24,546	22 Dec 2021	Direct	F5
transaction	DIS	Disney Common Stock	Options Exercise		+55	+0.22%		24,601	22 Dec 2021	Direct	F1, F2
transaction	DIS	Disney Common Stock	Tax liability	$8,307	-55	-0.22%	$151.04	24,546	22 Dec 2021	Direct	F6
holding	DIS	Disney Common Stock						2,745	22 Dec 2021	By 401(k)	F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DIS	Restricted Stock Unit	Options Exercise	$0	-68	-100%	$0.000000^*	0	22 Dec 2021	Disney Common Stock	68		Direct	F1, F2
transaction	DIS	Restricted Stock Unit	Options Exercise	$0	-167	-4.5%	$0.000000	3,516	22 Dec 2021	Disney Common Stock	167		Direct	F2, F4
transaction	DIS	Restricted Stock Unit	Options Exercise	$0	-55	-100%	$0.000000^*	0	22 Dec 2021	Disney Common Stock	55		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 68 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 1,758 stock units on each December 17 of 2022 and 2023.
F5	The 167 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 55 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.