Equity-based compensation expense related to stock options and restricted stock units (RSUs) is as follows:


	Quarter Ended				Nine Months Ended
	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
Stock options	$	21	$	18	$	62	$	51
RSUs	402		339		1,098		953
Total equity-based compensation expense(1)	$	423	$	357	$	1,160	$	1,004
Equity-based compensation expense capitalized during the period	$	49	$	52	$	146	$	142

(1)Equity-based compensation expense is net of capitalized equity-based compensation and estimated forfeitures and excludes amortization of previously capitalized equity-based compensation costs.

Unrecognized compensation cost related to unvested stock options and RSUs was $0.1 billion and $2.2 billion, respectively, as of June 27, 2026.

During the nine months ended June 27, 2026, the Company made equity compensation grants for Disney stock consisting of 2.8 million stock options and 16.0 million RSUs with weighted average grant date fair values of $37 and $113, respectively. During the nine months ended June 28, 2025, the weighted average grant date fair values for stock options and RSUs were $38 and $108, respectively.