Walt Disney Form 144 — 1,971 RSU Shares Proposed for Sale via Merrill Lynch

Rhea-AI Filing Summary

The Walt Disney Company (DIS) insider filed a Form 144 to report a proposed sale of 1,971 common shares through Merrill Lynch on the New York Stock Exchange, with an aggregate market value of $233,701.47 and an approximate sale date of 08/25/2025.

All 1,971 shares were acquired via restricted stock unit vesting from The Walt Disney Company on 06/15/2025, 06/23/2025 and 07/17/2025 in several tranches (561, 187, 514, 177, 532). The filer reports no securities sold during the past three months and certifies no undisclosed material adverse information.

Insights

Financial Analyst

TL;DR: Insider plans to sell a small block of RSU-derived shares worth ~$234k, which appears routine and non-material for Disney.

The filing shows 1,971 shares acquired through RSU vesting across June and July 2025 and offered for sale via Merrill Lynch with an aggregate value of $233,701.47. There are no reported sales in the prior three months. For a company of Disney's scale, this transaction is likely immaterial to enterprise valuation and may reflect routine vesting and liquidity needs rather than a signal about company fundamentals.

Corporate Governance Expert

TL;DR: Disclosure complies with Rule 144 formalities; vesting and sale timing are documented and no red flags present.

The Form 144 details compensatory RSU vesting as the acquisition source and specifies the broker and exchange for the proposed sale, aligning with standard insider filing requirements. The filer affirms absence of undisclosed material information. No 10b5-1 plan date is indicated, and no recent sales were reported, which supports transparency but provides limited insight into insider intent beyond liquidity from vested awards.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	MERRILL LYNCH 3455 PEACHTREE RD NE SUITE 1000 ATLANTA GA 30326	1971	233701.47	1797933833	08/25/2025	NEW YORK

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	07/17/2025	RESTRICTED STOCK UNIT VEST	THE WALT DISNEY COMPANY			561	07/17/2025	COMPENSATORY PAYMENT
COMMON	07/17/2025	RESTRICTED STOCK UNIT VEST	THE WALT DISNEY COMPANY			187	07/17/2025	COMPENSATORY PAYMENT
COMMON	06/23/2025	RESTRICTED STOCK UNIT VEST	THE WALT DISNEY COMPANY			514	06/23/2025	COMPENSATORY PAYMENT
COMMON	06/15/2025	RESTRICTED STOCK UNIT VEST	THE WALT DISNEY COMPANY			177	06/15/2025	COMPENSATORY PAYMENT
COMMON	06/15/2025	RESTRICTED STOCK UNIT VEST	THE WALT DISNEY COMPANY			532	06/15/2025	COMPENSATORY PAYMENT

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for DIS report?

The filing reports a proposed sale of 1,971 common shares of The Walt Disney Company with an aggregate market value of $233,701.47, to be sold via Merrill Lynch on 08/25/2025.

How were the shares acquired according to the filing?

All shares were acquired through restricted stock unit vesting on 06/15/2025, 06/23/2025 and 07/17/2025 as compensatory payments from The Walt Disney Company.

Did the filer sell any DIS shares in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

Which broker and exchange are named for the proposed sale?

The broker is listed as Merrill Lynch (Atlanta address shown) and the sale is planned on the New York Stock Exchange.

Does the filing indicate any undisclosed material information?

By signing the form, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.