Avadis Tevanian - Feb 6, 2024 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Role
Director
Signature
/s/ Daniel Rodriguez as Attorney-in-Fact for Avadis Tevanian
Stock symbol
DLB
Transactions as of
Feb 6, 2024
Transactions value $
$0
Form type
4
Date filed
2/8/2024, 04:32 PM
Previous filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Award $0 +2.95K $0.00 2.95K Feb 6, 2024 Direct F1, F2
holding DLB Class A Common Stock 56.6K Feb 6, 2024 By trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award represents a total of 2,952 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting, which will occur on the earlier of (i) the first anniversary of the date of grant or (ii) the date immediately preceding the date of Issuer's 2025 annual meeting of stockholders, provided that, in either case, the Reporting Person continues to serve as a member of the Issuer's board of directors on such date.
F2 Shares held following the reported transactions include 2,952 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F3 Avadis Tevanian Jr. and Nancy Tevanian Trust u/a/d May 29 1996