FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * McCarthy Christine M 2. Issuer Name and Ticker or Trading Symbol Walt Disney Co [ DIS ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
SEVP & Chief Financial Officer
(Last)         (First)         (Middle)
500 SOUTH BUENA VISTA STREET
3. Date of Earliest Transaction (MM/DD/YYYY)
12/17/2021
(Street)
BURBANK, CA 91521
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Disney Common Stock  12/17/2021    M    4771 (1) A  (2) 157616  D   
Disney Common Stock  12/17/2021    F    2380 (3) D $148.205  155236  D   
Disney Common Stock  12/17/2021    M    7209 (4)(5) A  (2) 162445  D   
Disney Common Stock  12/17/2021    F    3595 (6) D $148.205  158850  D   
Disney Common Stock  12/19/2021    M    3126 (7) A  (2) 161976  D   
Disney Common Stock  12/19/2021    F    1559 (8) D $148.205  160417  D   
Disney Common Stock  12/19/2021    M    3785 (9) A  (2) 164202  D   
Disney Common Stock  12/19/2021    F    1888 (10) D $148.205  162314  D   
Disney Common Stock  12/19/2021    M    6769.2066 (7) A  (2) 169083.2066  D   
Disney Common Stock  12/19/2021    F    3376.2066 (11) D $148.205  165707  D   
Disney Common Stock                 4163.885 (12) I  By 401(k) 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit   (2) 12/17/2021    M        4771    (1)  (1) Disney Common Stock  4771.0  $0  9541  D   
Restricted Stock Unit   (2) 12/17/2021    M        7209    (4)(5)  (4) Disney Common Stock  7209.0  $0  14418  D   
Restricted Stock Unit   (2) 12/19/2021    M        3126    (7) 12/19/2021  Disney Common Stock  3126.0  $0  0  D   
Restricted Stock Unit   (2) 12/19/2021    M        3785    (9)  (9) Disney Common Stock  3785.0  $0  3786  D   
Restricted Stock Unit   (2) 12/19/2021    M        6769.2066    (7) 12/19/2021  Disney Common Stock  6769.2066  $0  0  D   

Explanation of Responses:
(1)  Vesting of shares connected with grant under The Walt Disney Company's 2002 Executive Performance Plan and 2011 Amended and Restated Stock Plan, previously reported on a Form 4 dated December 2, 2021. The remaining stock units vest as to 4,770 stock units on December 17, 2022, and as to 4,771 stock units on December 17, 2023.
(2)  Restricted stock units convert into common stock at 1-for-1.
(3)  The 2,380 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.
(4)  Vesting of shares connected with grant under The Walt Disney Company's 2011 Amended and Restated Stock Plan. The remaining stock units vest as to 7,209 stock units on each December 17 of 2022 and 2023.
(5)  The Form 4 filed on December 18, 2020, inadvertently reported that the award vested in four equal installments on each December 17 of 2021 through 2024 due to an administrative error. In fact, the award vests in three equal installments on each December 17 of 2021 through 2023.
(6)  The 3,595 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.
(7)  Vesting of shares connected with grant under The Walt Disney Company's 2002 Executive Performance Plan and 2011 Amended and Restated Stock Plan, previously reported on a Form 4 dated December 2, 2021. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof.
(8)  The 1,559 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.
(9)  Vesting of shares connected with grant under The Walt Disney Company's 2002 Executive Performance Plan and 2011 Amended and Restated Stock Plan, previously reported on a Form 4 dated December 2, 2021. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof. The remaining 3,786 stock units vest on December 19, 2022.
(10)  The 1,888 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.
(11)  The 3,376.2066 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. The total also reflects a deduction for cash paid in lieu of fractional shares upon conversion of previously-granted units to shares.
(12)  Shares held in The Walt Disney Stock Fund as of December 17, 2021. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
McCarthy Christine M
500 SOUTH BUENA VISTA STREET
BURBANK, CA 91521


SEVP & Chief Financial Officer

Signatures
/s/ Jolene E. Negre, as attorney-in-fact 12/21/2021
**Signature of Reporting Person Date
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