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

Role: Director
Signature: /s/ Daniel Rodriguez as Attorney-in-Fact for Tony Prophet
Stock symbol: DLB
Transactions as of: Feb 6, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/8/2024, 04:41 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	+46.75%	$0.00	9.27K	Feb 6, 2024	Direct	F1, F2

* 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.

Content

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.

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.