Todd Pendleton - Aug 3, 2021 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Role
SVP, Chief Marketing Officer
Signature
/s/ Daniel Rodriguez, Attorney-in-Fact for Todd Pendleton
Stock symbol
DLB
Transactions as of
Aug 3, 2021
Transactions value $
-$551,778
Form type
4
Date filed
8/5/2021, 06:18 PM
Previous filing
Jul 16, 2021
Next filing
Aug 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Sale -$275K -2.75K -8.77% $100.10 28.6K Aug 3, 2021 Direct F1, F2
transaction DLB Class A Common Stock Options Exercise $460K +7.37K +25.78% $62.43 35.9K Aug 3, 2021 Direct F2
transaction DLB Class A Common Stock Sale -$737K -7.37K -20.5% $100.01 28.6K Aug 3, 2021 Direct F2, 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 -7.37K -16.64% $0.00 36.9K Aug 3, 2021 Class A Common Stock 7.37K $62.43 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were sold in multiple transactions at prices ranging from $100.115 to $100.22, 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.
F2 Shares held following the reported transactions include 28,581 restricted stock units, which are subject to forfeiture until they vest
F3 The shares were sold in multiple transactions at prices ranging from $100.00 to $100.155, 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 125,000 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of July 16, 2018, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.