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Signature
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/s/ Daniel Rodriguez as Attorney-in-Fact for Mark Andrew Sherman
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Issuer symbol
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DLB
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Transactions as of
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30 Jan 2025
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Net transactions value
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-$902,302
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Form type
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4
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Filing time
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03 Feb 2025, 20:29:47 UTC
Transactions Table
| Type |
Sym |
Class |
Transaction |
Value $ |
Shares |
Change % |
* Price $ |
Shares After |
Date |
Ownership |
Footnotes |
| transaction |
DLB |
Class A Common Stock |
Options Exercise |
$2,492,800 |
+40,000 |
+64% |
$62.32 |
102,397 |
30 Jan 2025 |
Direct |
F1 |
| transaction |
DLB |
Class A Common Stock |
Sale |
$1,245,000 |
-15,000 |
-15% |
$83.00 |
87,397 |
30 Jan 2025 |
Direct |
F1 |
| transaction |
DLB |
Class A Common Stock |
Sale |
$2,150,102 |
-25,000 |
-29% |
$86.00 |
62,397 |
30 Jan 2025 |
Direct |
F1, F2 |
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 |
-40,000 |
-71% |
$0.000000 |
16,000 |
30 Jan 2025 |
Class A Common Stock |
40,000 |
$62.32 |
Direct |
F3 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Explanation of Responses: