Insider trade

Director purchased ~$2.01M of DIS shares in the open market

Traded Dec 12, 2025 · Filed Dec 15, 2025

~$2.01M
Reported value · 18K sh @ $111.8857: 38K
Holds after · shares reported: -9.2%
stock since the trade · S&P 500 +12.1%, $111.60 → $101.33 on Oct 1

Why it stands out

A board member of Disney spent $2.01M of their very own money to buy Disney shares. Their pile of Disney shares grew by 90%.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Dec 12, 2025
Reporting period: Not applicable
Filed with the SEC: Dec 15, 2025

DirectorIndirect holding$1M+Holdings +90%

Context

Classification

open market purchase

Code P — open-market or private purchase

Absolute commitment

~$2,013,943

Shares × reported transaction price

Size band

$1M+

Ownership change

+90.0%

Purchase shares ÷ estimated pre-transaction holdings, from the filing

Rarity

Not enough history to judge

Confirmed open-market purchases by the same insider in the available history

Cluster activity

No other insider purchases within 30 days

Distinct insiders at the same issuer with confirmed open-market purchases

Timing vs results

29 days after results of Nov 13, 2025, 52 days before results of Feb 2, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $111.60 on Dec 12, 2025, 37% above its 52-week low and 10% below its high, little changed over the previous 30 trading days

52-week range $81.72 (Apr 8, 2025) to $124.01 (Jun 30, 2025), 71% of the way up, from 250 adjusted closes. 30 trading days earlier: $111.84 on Oct 30, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

Securities lawsuit open at the trade date

A securities lawsuit naming the company as a defendant was filed on Dec 8, 2025 in the U.S. District Court, C.D. California. A filing is an allegation, not a finding.

Union Asset Management Holding AG v. The Walt Disney Company, docket 2:25-cv-11668, via CourtListener (court records). Nature of suit 850, company named as first defendant

After it was reported

After	Stock	S&P 500	Difference
7 days	+1.4%	+1.3%	+0.1%
30 days	+1.6%	+2.0%	-0.4%
90 days	-11.6%	-1.4%	-10.2%
180 days	-8.9%	+11.2%	-20.1%

Past results only. Not a forecast.

Source receipt

Record ID: 0001628280-25-057069
Filed / recorded: Dec 15, 2025, 9:52 PM UTC
Added to OQRO: Oct 2, 2026, 3:52 AM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Walt Disney Co
Issuer CIK: 1744489
Ticker: DIS
Reporting person: James P Gorman
Relationship: Director
Security: Disney Common Stock
Table: Non-derivative (Table I)
Transaction date: Dec 12, 2025
Transaction code: P
Shares / units: 18,000
Price per share: $111.8857
Acquired / disposed: Acquired (A)
Shares owned after: 38,000
Ownership form: Indirect — by Grantor Retained Annuity Trust
Amendment: No

Footnotes from the filing

The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $111.64 to $112.075, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
On December 12, 2025, the Reporting Person contributed 20,000 shares of the Issuer's common stock, previously reported as directly beneficially owned, to a grantor retained annuity trust of which the Reporting Person is the sole grantor, trustee and annuitant. This contribution is exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934.