Ryan Nicholson - Nov 26, 2024 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Signature
/s/ Daniel Rodriguez as Attorney-in-Fact for Ryan Nicholson
Stock symbol
DLB
Transactions as of
Nov 26, 2024
Transactions value $
-$508,743
Form type
4
Date filed
11/27/2024, 04:48 PM
Previous filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Options Exercise $333K +10.5K +43.1% $31.73 34.9K Nov 26, 2024 Direct F1, F2
transaction DLB Class A Common Stock Sale -$842K -10.5K -30.12% $80.18 24.4K Nov 26, 2024 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DLB Employee Stock Option (Right to Buy) Options Exercise $0 -10.5K -100% $0.00 0 Nov 26, 2024 Class A Common Stock 10.5K $31.73 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held following the reported transactions include 14,570 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F2 Shares include 257 shares and 29 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2024 and November 15, 2024, respectively.
F3 The shares were sold in multiple transactions at prices ranging from $80.12 to $80.35, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
F4 This option was granted for a total of 10,500 shares of Class A Common Stock. The option exercised in this transation was fully vested and exercisable as of the transaction date.