The dynamics of free-falling perforated disks within the moderate Reynolds number Rem regime (700<Rem<1400) are experimentally investigated in this paper, including translation and rotation dynamics. Four falling styles are analyzed, including spiral motion, Hula-Hoop motion, helical precession motion and spiral irregular motion. In contrast to spiral irregular motion, we group the other three motions as regular motions. The relative contribution of different dynamical effects (impulsive effect, Magnus effect and viscous effect respectively) is quantitatively determined. The contribution of impulsive effect is commonly ignorable during the descent, and Magnus effect plays a crucial role in horizontal oscillations. Vortex loads always dominate this dynamical process, and balance the gravity along the vertical direction. In the Frenet–Serret coordinate system, the contribution resulting from Magnus effect is relatively small to that of vorticity-induced fluid force. Hence, an alternative way to model this involved system is presented, which is based on the extended Kelvin-Kirchhoff equations. A Fast Fourier Transform (FFT) is performed on total hydrodynamics forces FHx and FHy. For regular motions with the dimensionless inertia ratio I∗≤1×10−3, sub-harmonic force components are identified in the frequency domain. However, the frequency ratio of high-frequency components and the dominant peak is no longer integer in spiral irregular motion. The azimuth distribution of angular velocity is counted in the Frenet–Serret coordinate system. For spiral irregular motion with the dimensionless inertia ratio I∗>1×10−3, no preferential alignment is observed and its distribution scatters, while those of regular motions are rather concentrated. The probability density functions (PDFs) of angular velocity components in spiral and Hula-Hoop motions share similar distributions, which indicates angular dynamics may decouple from translation dynamics in high Reynolds number regime under certain circumstances.