Ryan Nicholson - Dec 16, 2024 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Signature
/s/ Daniel Rodriguez, Attorney-in-Fact for Ryan Nicholson
Stock symbol
DLB
Transactions as of
Dec 16, 2024
Transactions value $
-$153,134
Form type
4
Date filed
12/18/2024, 09:33 PM
Previous filing
Nov 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Award $0 +7.33K +30.08% $0.00 31.7K Dec 16, 2024 Direct F1, F2
transaction DLB Class A Common Stock Tax liability -$153K -1.93K -6.1% $79.18 29.8K Dec 16, 2024 Direct F3, F4
* 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 7,328 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 16, 2024. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
F2 Shares held following the reported transactions include 21,898 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F3 In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer in a transaction exempt from Section 16(b) and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units.
F4 Shares held following the reported transactions include 16,438 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.