Todd Pendleton - 16 Jul 2021 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Role
SVP, Chief Marketing Officer
Signature
/s/ Dan Rodriguez, Attorney-in-Fact for Todd Pendleton
Issuer symbol
DLB
Transactions as of
16 Jul 2021
Net transactions value
-$162,607
Form type
4
Filing time
16 Jul 2021, 16:40:58 UTC
Next filing
05 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Tax liability $162,607 -1,629 -4.9% $99.82 31,327 16 Jul 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer and not issued to the reporting person in order to cover withholding taxes incident to the vesting of restricted stock units.
F2 Shares held following the reported transactions include 28,581 restricted stock units, which are subject to forfeiture until they vest.