| Explanation of Responses: |
| (1) | Vesting of restricted stock units previously granted under The Walt Disney Company's Amended and Restated 2011 Stock Incentive Plan. The remaining stock units vest as to 9,515 stock units on January 15, 2027, and 9,516 stock units on January 15, 2028. Includes dividend equivalents accrued on the award. |
| (2) | Restricted stock units convert into common stock at 1-for-1. |
| (3) | The 3,359 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. |
