Welcome Disney Shareholders

The Walt Disney Company is pleased to offer The Walt Disney Company Investment Plan, a direct stock purchase plan designed to provide investors with a convenient method to purchase shares of Disney common stock and to reinvest cash dividends in the purchase of additional shares.

Key Features of the Plan, as of March 20, 2025:

• If you do not currently own any shares of Disney common stock, you may enroll in the Plan by completing and returning an enrollment form and either making an initial cash investment of at least $250.00 or authorizing monthly deductions of at least $50.00 for at least five consecutive transactions from a qualified bank account for the purchase of Disney common stock.
• If you currently own at least one share of Disney common stock, registered in your name, you may participate in the Plan simply by completing and returning an enrollment form. If you own one or more shares but they are currently held on your behalf by a bank or broker in its name (that is, in “street name”), you may participate in the Plan by instructing your agent to transfer at least one Disney share to an account registered in your name via the Direct Registration System (“DRS”). In order to do so, you must provide your broker with the Computershare Trust Company’s DTCC Transfer Agent FAST number: 7807. Once the process is completed, you will receive a transaction advice from the transfer agent showing the deposit of shares in DRS. Upon receipt of the transaction advice, you may request an enrollment package. Alternatively, you may participate in the Plan by making arrangements with your agent to participate in the Plan on your behalf, if and to the extent such agent permits beneficial owners to participate in the Plan.
• Once you have enrolled, you may make additional investments of $50.00 or more by check or through one or more automatic deductions from a qualified bank account.
• All cash dividends will be reinvested automatically in additional shares of Disney common stock, whether shares are held in book-entry or certificate form.
• As a participant, you may (but are not required to) deposit any Disney common stock certificates you hold with the administrator of the Plan. However, Disney common stock certificates must be deposited with the Plan in order to sell certificated shares through the Plan.
• You may sell all or any portion of your Disney common stock through the Plan.
• Participation in the Plan is subject to the payment of certain fees, including fees in connection with enrollment and the purchase and sale of shares.

You may access The Walt Disney Company Investment Plan Enrollment Form and view the Plan Prospectus from the Forms tab on this website.

You may also enroll online by selecting "The Walt Disney Company Investment Plan" at the bottom of this page.

You may enroll, change, or discontinue participation in the Automatic Deduction Service by accessing your account online. You can access your account online by selecting the Shareholder Login button at the top of this website

You may also enroll or change your participation in the Automatic Deduction Service by following the “Printable Forms” link to the Direct Debit Authorization Form in the Forms tab on this website. The form is located in the section “Direct Stock Purchase Plan”.

You may view detailed account statements by accessing your account online. You can access your account online by selecting the Shareholder Login button at the top of this website.

You may also request a duplicate account statement by contacting our transfer agent, Computershare Investor Services. Contact information is available in the Contact Us tab on this website.

You can make Optional Cash Purchases directly through your online account by selecting the Shareholder Login button at the top of this website.

Statements are mailed to The Walt Disney Company Investment Plan participants as soon as practicable. Please note, if there is no activity in your account you will not receive a statement.

If you do not receive a statement and would like a duplicate, please contact the transfer agent, Computershare Investor Services, for assistance. Contact information is available in the Contact Us tab on this website.

You may also view your account activity and statement online by selecting the Shareholder Login button at the top of this website.

You may set up your direct deposit account preferences online by selecting the Shareholder Login button at the top of this website.

You may also set up your direct deposit account preferences by completing the Authorization for Electronic Funds Transfer Form and returning it to Computershare Investor Services at the address provided on the Contact Us tab. The Direct Deposit Authorization Form is available through the “Printable Forms” link in the Forms tab on this website and under the section “Account Forms”.

DRS - Direct Registration System allows Disney shareholders to hold shares directly and electronically with The Walt Disney Company without the need for a paper certificate. DRS shares will be held electronically with The Walt Disney Company's transfer agent, Computershare Investor Services.

DRS eliminates the need to issue a paper stock certificate. Stock certificates can be lost, misplaced or damaged, and depending on the number of shares, a shareholder will have to pay for a surety bond to replace certificates. DRS also allows a more convenient way to transfer shares to and from a financial institution/broker.

No. There is no fee to participate in DRS.

Yes, shares held in DRS are eligible to have dividends reinvested, as long as an account meets the minimum requirements set forth in The Walt Disney Company Investment Plan Prospectus. The Plan Prospectus is available through the Forms tab on this website.

You must be enrolled in The Walt Disney Company Investment Plan in order for your dividends to be reinvested.

If you have Walt Disney Company stock certificate(s) and would like to have them deposited into DRS, please mail your certificate(s) along with a signed letter of instruction. For your protection, we recommend sending your stock certificate(s) via certified or trackable mail to our street address:

Computershare Investor Services
150 Royall Street
Suite 101
Canton, MA 02021 UNITED STATES

Note that we no longer issue stock certificates, so once you have certificates deposited into DRS, you will no longer be able to receive certificates for those shares.

Yes. Please contact your stock broker to determine how to initiate a transfer of your DRS shares.

Computershare Investor Services ("Computershare") is the Stock Transfer Agent and Registrar for The Walt Disney Company.

Written Inquiries:

Computershare Investor Services
PO BOX 43013
Providence, RI 02940-3013
Phone: 1-855-553-4763
Toll: 1-781-575-3335

Overnight Mail:

Computershare Investor Services
150 Royall Street
Suite 101
Canton, MA 02021 UNITED STATES

Complete a Stock Transfer Form and submit it along with any additional required documents to The Walt Disney Company's Transfer Agent, Computershare Investor Services.

The Stock Transfer Form is available through the link in the Forms tab on this website.

No, there is no fee to transfer ownership of The Walt Disney Company shares.

You can access your account online by selecting the Shareholder Login button at the top of this website.

Once you have accessed your online account, the account share and value balances are available on the Home Page (also referred to as the Account Summary page).

Please note: you must be a registered Disney shareholder to access your account on this website. If your shares are held with a brokerage, you will need to contact your stock broker for account information.

You can access your account online and update your address by selecting the Shareholder Login button at the top of this website.

Once you have accessed your online account, select the Address Change link on the right hand side of the website to submit the update. The address change will take effect immediately; however you may need to refresh your page to see the update.

If a stock certificate is lost, stolen, destroyed, or never received, we require a signed letter mailed to our office: or call.

Computershare Investor Services
PO BOX 43013
Providence, RI 02940-3013

Phone: 1-855-553-4763
Toll: 781-575-3335

Your letter should include the name(s) of the registered owner(s), the Disney account number, and the stock certificate number(s) lost, stolen or destroyed.

Once we receive your letter of instruction, we will mail the necessary documents to confirm ownership of shares. Requests are typically handled within 5 business days. Upon receipt of the completed documents, your shares will be held in book entry format, as we no longer issue paper certificates.

Please note: there is a fee to complete the confirmation process.

You may contact our transfer agent, Computershare Investor Services, to request a replacement check. Computershare contact information is in the Contact Us tab on this website. If you are submitting your replacement request in writing, at least one of the registered owner(s) must sign the letter.

Replacement checks are mailed within 7-10 business days once a request has been submitted.

There are several ways you can change and re-certify the SSN or EIN associated with your account:

1. You can certify your SSN or EIN by selecting the Shareholder Login button at the top of this website and accessing your account online.
2. You can complete a Form W-9 or a Form W-8BEN, using the link in the Forms tab of this website, and return it to our office.
3. You may also contact our transfer agent, Computershare Investor Services, to request a Form W-9 or a Form W-8BEN.

Once you submit a correctly completed Form W-9 or Form W-8BEN, your SSN or EIN will be updated and certified to avoid further withholding.

You may view and download Annual Reports online from The Walt Disney Company Investor Relations website at the following link: Reports and Financial Information

You may view and download SEC filings online from The Walt Disney Company Investor Relations website at the following link: SEC Filings

You may view Historical Stock Information from The Walt Disney Company Investor Relations website at the following link: Disney Stock Information

On December 4, 2024, The Walt Disney Company’s Board of Directors declared a cash dividend of $1.00 per share. The dividend will be paid in two installments of $0.50 per share. The first installment will be paid on January 16, 2025, to shareholders of record on December 16, 2024. The second installment will be paid on July 23, 2025, to shareholders of record on June 24, 2025.

The reinvestment of your dividends will be completed within five business days of the dividend payment date.

Account statements reflecting the payment and reinvestment of dividends for The Walt Disney Company Investment Plan will be mailed only on an annual basis if dividends were declared in the prior calendar year. You may also review account transactions, including dividend reinvestment transactions, by accessing your shareholder account online at www.disneyshareholder.com.

The dividend is paid by check or may be directly deposited into a bank account. Although the amount of your dividend may be negligible, we encourage you to keep your account up to date by cashing your check. There are abandoned property laws that require us to remit dividends and stock holdings for inactive accounts.

Most domestic banks and financial institutions allow for direct deposit.

• You can enroll on our transfer agent’s quick access site,
• You can access your account online at www.disneyshareholder.com
• You can contact us at our toll-free number: 1-855-553-4763

Dividend reinvestment is offered through The Walt Disney Company Investment Plan. Please review the Plan Prospectus at www.disneyshareholder.com prior to enrolling.

You can access your online account at www.disneyshareholder.com to enroll or,
You can contact us at our toll-free number: 1-855-553-4763.

Please allow the post office at least 10 mailing days to deliver your check.

If you never received your check or it was misplaced, you will need to request a replacement. You can request a replacement by accessing your account online at www.disneyshareholder.com.

You may also contact our transfer agent, Computershare Investor Services, to request a replacement check. Computershare’s contact information is located in the Transfer Agent section of this FAQ. If you are submitting your replacement request in writing, at least one of the registered owners must sign the letter.

Replacement checks are mailed within 7-10 business days once a request has been submitted.

If you received a dividend in the amount of $10.00 or more you will receive IRS Form 1099-DIV which will be reportable when you file your 2024 tax return in calendar year 2025.

IRS Form 1099-DIV for dividends in the amount of $10.00 or more that were paid in 2024 will be mailed by The Walt Disney Company on or before January 31, 2025.

IRS Form 1042-S for the dividends paid in 2024 will be mailed on or before March 15, 2025.

Yes, you can buy and sell shares directly through The Walt Disney Company Investment Plan. The Walt Disney Company Investment Plan Prospectus and Enrollment Form are accessible through the Forms tab (certain fees and minimums apply).

If you are currently enrolled in The Walt Disney Company Investment Plan, you may purchase shares through your online account. You may access your account online by selecting the Shareholder Login button at the top of this website.

If you are currently enrolled in The Walt Disney Company Investment Plan, you may sell shares through your online account. You may access your account online by selecting the Shareholder Login button at the top of this website.

The Walt Disney Company common stock is traded on the New York Stock Exchange.

DIS

254687106

The Annual Meeting of Shareholders was held Thursday, March 20, 2025 by virtual meeting.

A replay is available on the 2025 Annual Meeting of Shareholders Webcast event page.

Unclaimed property is any financial asset being held for a person or an entity that either cannot be found, or with whom contact has not been established for a fixed period of time (generally 3 or 5 years). Financial assets include uncashed dividend checks, shares of stock, and other investment assets.

In accordance with unclaimed property laws, property may become “inactive” (and presumed to be abandoned by the owner) when the owner of the property (in this instance, shareholders in The Walt Disney Company) has either not cashed dividend checks issued to them, not been in contact with Disney or its transfer agent, Computershare Investor Services, for the last 3 to 5 years and/or has changed addresses without providing notification, thus resulting in the return of mail being sent to the shareholder through the U.S. Postal Service.

States require that business entities review their records each year to determine whether they are in possession of any unclaimed funds (including uncashed dividend checks), stock or other securities or other property which is inactive and presumed to be abandoned, and to report and deliver such property to the states for safekeeping. The state(s) holds the property, or its cash equivalent, until such time as they are claimed by the owner or legal claimant.

In general, property that is presumed abandoned is transferred to the state of last known address of the shareholder according to the company’s shareholder records. After property has been transferred to the state as abandoned property, shareholders must directly contact the state in order to reclaim their property. Links to individual state unclaimed property programs may be found by visiting: www.unclaimed.org.

Yes, your stock and any uncashed checks in your account are reported to the state if the account is not kept active. Such reporting causes outstanding certificates in your possession to be cancelled and reissued in the name of the State. If this happens, the state may sell your shares. States may not notify you prior to selling your shares, and you may only be entitled to receive the sale proceeds from the state when you claim the property.

In accordance with the states’ unclaimed property laws, efforts to locate owners are generally required prior to the transfer of property into a state’s custody, typically by mailing what is known as a “due diligence” letter to the last known address on the company’s shareholder records. Upon receipt of this letter, it is very important that you immediately communicate with our stock transfer agent (Computershare Investor Services), in order to re-establish contact between you and Disney, update the status of your account, and stop the transfer of your assets to the state. If you do not respond to the due diligence letter or otherwise demonstrate contact with your account, your stock and any uncashed dividend checks previously issued to you will be required to be turned over to the state, which may sell your shares without any further notice to you.

You can contact Computershare by responding to a due diligence letter via first class mail or other priority mail service, contacting a client service representative by calling 1-855-553-4763, or logging onto www.disneyshareholder.com to authenticate your identity and demonstrate your control over your account and that it remains active. You can also request replacement of any uncashed dividend checks previously issued to you by calling 1-855-553-4763.

It is recommended that you periodically make contact with Computershare to keep your account status current. This is particularly important for accounts with shares deposited in The Walt Disney Company Investment Plan, since the automatic reinvestment of dividend payments is not recognized by the states to be an owner-initiated transaction that will prevent the shares from being presumed abandoned. You can keep your account active and avoid presumed abandonment of your stock in a number of ways, including:

• contact our call center to request a statement be mailed to the address of record;
• log in to your online profile by visiting www.disneyshareholder.com and review past transactions, download tax information, or update your account information;
• vote your proxy;
• cash a dividend payment;
• make an additional investment in Disney shares.

Cost basis information will be included on your substitute Form 1099-B following a sale of "covered" shares.

You will need your annual plan statements to calculate your adjusted cost basis. If you do not have your historical statements, please contact our transfer agent, Computershare Investor Services, for assistance. Contact information is available in the Contact Us tab on this website.

A Medallion Signature Guarantee is a certification stamp which guarantees that the signature authorizing the transfer of securities is authentic. A Medallion Signature Guarantee is commonly required when an owner wants to sell or transfer securities, such as stocks or bonds, which are held in physical certificate form.

Direct Registration (DRS) allows share ownership without paper stock certificates. The shares are held electronically in book-entry form in your account.

Contact your broker and request your shares be sent to them through the Depository Trust Company's Direct Registration Profile System. You will need to supply your broker with a copy of your latest account statement or advice along with the following information:

1. Computershare's DTC number: 7807
2. Your Computershare holder account number (this is listed on your statement or advice and begins with the letter 'C').
3. Registration (name and address) of your Computershare account (this is also listed on your statement or advice).
4. The Social Security Number (SSN) or Tax-Payer Identification Number (TIN) associated with your shareholder account.
5. The number of Disney shares you wish to move from your Computershare account to your brokerage account.

Please use our Transfer Wizard to complete your transfer request. Once the requested information is submitted you can print and mail in the completed transfer form.

Transfer Wizard is a website that allows you as the shareholder or authorized representative of the shareholder to prepare transfer forms online for all or some of the shares in an account. You will need the account number of the registered holder to login and use Transfer Wizard.

In order to transfer shares to an existing account, select Existing Account from the Owner Type drop down. You will be required to enter the account number of the existing account.

At the end of the wizard you will be given a pre-filled transfer form that you will mail to Computershare. Further Instructions such as obtaining a MSG are provided in the Transfer Wizard.

In order to deposit or transfer shares held in certificate form, the original certificate(s) must be sent to Computershare. If you are depositing shares into your account, please include a signed letter of instruction along with your certificate(s). If you are transferring shares, please include a completed transfer form along with your certificate(s). A copy of the certificate(s) cannot be accepted. If the certificate(s) cannot be located, you must first submit a request for a replacement. Please refer to the next section 'What if my certificates are lost?' regarding the replacement process.

As a member of Computershare's online web portal, Investor Center, you can notify Computershare of the lost certificates. If you are not an Investor Center member you must notify Computershare by phone or in writing that the certificate(s) cannot be located. Once your request has been received, Computershare will provide additional information to complete the replacement process.

Via Investor Center:

• Choose the Portfolio option in Investor Center.
• Choose “Replace Certificates” in the Select Action button for the security of your choosing.
• Click here to Register if you are not an Investor Center member.

By Phone:

• Call 1-855-553-4763 for Disney Shareholder Services at Computershare. Toll number: 1-781-575-3335.