SEC FORM 3

SEC FORM 3SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Walden Dana

(Last)

(First)

(Middle)

500 SOUTH BUENA VISTA STREET

(Street)

BURBANK

CALIFORNIA

91521

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Walt Disney Co [ DIS ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President&Chief Creative Ofcr

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Disney Common Stock	39,760	D
Disney Common Stock	32,266	I	By Trust

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right-to-Buy)	⁽¹⁾	12/15/2035	Disney Common Stock	41,114	$110.05	D
Stock Option (Right-to-Buy)	⁽²⁾	01/15/2035	Disney Common Stock	29,568	$108.795	D
Stock Option (Right-to-Buy)	⁽³⁾	12/15/2033	Disney Common Stock	35,102	$93.439	D
Stock Option (Right-to-Buy)	⁽⁴⁾	12/15/2032	Disney Common Stock	32,679	$91.6175	D
Stock Option (Right-to-Buy)	⁽⁴⁾	06/27/2032	Disney Common Stock	3,069	$97.0151	D
Stock Option (Right-to-Buy)	⁽⁴⁾	12/14/2031	Disney Common Stock	18,882	$150.07	D
Stock Option (Right-to-Buy)	⁽⁴⁾	06/22/2031	Disney Common Stock	7,637	$173.525	D
Stock Option (Right-to-Buy)	⁽⁴⁾	03/08/2031	Disney Common Stock	5,772	$198.405	D
Stock Option (Right-to-Buy)	⁽⁴⁾	12/17/2030	Disney Common Stock	7,184	$173.4	D
Stock Option (Right-to-Buy)	⁽⁴⁾	12/17/2029	Disney Common Stock	41,261	$148.04	D
Restricted Stock Unit	⁽⁵⁾	⁽⁵⁾	Disney Common Stock	13,721	⁽⁶⁾	D
Restricted Stock Unit	⁽⁷⁾	⁽⁷⁾	Disney Common Stock	6,990	⁽⁶⁾	D
Restricted Stock Unit	⁽⁸⁾	⁽⁸⁾	Disney Common Stock	3,853	⁽⁶⁾	D

Explanation of Responses:

1. Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option is scheduled to vest as to 13,705 shares on each December 15 of 2026 and 2028, and 13,704 shares on December 15, 2027.

2. Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option has vested as to 9,856 shares. The unvested portion of the option is scheduled to vest as to 9,856 shares on each January 15 of 2027 and 2028.

3. Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option has vested as to 23,401 shares. The unvested portion of the option vests in a single installment of 11,701 shares on December 15, 2026.

4. Option was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option is fully vested.

5. This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The award is scheduled to vest as to 4,573 stock units on December 15, 2026 and 4,574 stock units on each December 15 of 2027 and 2028. Includes dividend equivalents accrued on the award.

6. Restricted stock units convert into common stock at 1-for-1.

7. This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The unvested portion of the award is scheduled to vest as to 3,495 stock units on each January 15 of 2027 and 2028. Includes dividend equivalents accrued on the award.

8. This restricted stock unit award was granted under the Company's Amended and Restated 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The unvested portion of the award is scheduled to vest as to its remaining 3,853 stock units on December 15, 2026. Includes dividend equivalents accrued on the award.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Karen Young, as attorney-in-fact	03/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

SEC Form 3 filed by new insider Walden Dana