Walt Disney officer proposes $2.47M share sale

Merrill Lynch is named as broker, and NYSE is listed as the exchange for the proposed sale.

Available on EDGAR 11/05/2026 - 04:10 PM EST Accepted by SEC EDGAR 11/05/2026 - 04:10 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Horacio E. Gutierrez, an Officer of Walt Disney Co (DIS), reports a proposed sale of 20,552 common shares with an aggregate market value of $2,466,240.00; the approximate sale date is November 5, 2026. The notice lists two source lots: 15,953 shares from vesting of restricted stock unit awards on December 14, 2024, and 4,599 shares on December 15, 2024, granted under the issuer's equity compensation plan.

Key Figures

Common shares proposed for sale: 20,552 shares Aggregate market value: $2,466,240.00 Shares from restricted stock unit award vesting: 15,953 shares +1 more

4 metrics

Common shares proposed for sale 20,552 shares Proposed sale; approximate date November 5, 2026

Aggregate market value $2,466,240.00 Proposed sale

Shares from restricted stock unit award vesting 15,953 shares December 14, 2024

Shares from restricted stock unit award vesting 4,599 shares December 15, 2024

Key Terms

restricted stock unit awards, issuer equity compensation plan, Rule 144

3 terms

restricted stock unit awards financial

"Vesting of restricted stock unit awards"

Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.

issuer equity compensation plan financial

"Granted as part of issuer equity compensation plan"

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many DIS shares is Horacio E. Gutierrez proposing to sell?

The notice reports a proposed sale of 20,552 common shares with an aggregate market value of $2,466,240.00. The approximate sale date is November 5, 2026.

Which broker and exchange are listed for Horacio E. Gutierrez's proposed DIS sale?

Merrill Lynch is named as the broker, and NYSE is listed as the exchange for the proposed transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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	0001905613
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Walt Disney Co
SEC File Number	001-38842
Address of Issuer	500 SOUTH BUENA VISTA STREET BURBANK CALIFORNIA 91521
Phone	(818) 560-1000
Name of Person for Whose Account the Securities are To Be Sold	Gutierrez Horacio E
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	Officer

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 Stock	Merrill Lynch 225 Liberty Street Floor 37 New York NY 10281	20552	2466240.00	1726686902	11/05/2026	NYSE

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 Stock	12/14/2024	Vesting of restricted stock unit awards	Walt Disney Co			15953	12/14/2024	Granted as part of issuer equity compensation plan
Common Stock	12/15/2024	Vesting of restricted stock unit awards	Walt Disney Co			4599	12/15/2024	Granted as part of issuer equity compensation plan

* 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	11/05/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/11/2025
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	Horacio E Gutierrez
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)