Ryan Nicholson - 16 Aug 2021 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Reporting relationship: VP, Corporate Controller
Issuer ticker: DLB
Reported as of: 16 Aug 2021
Net transaction value: -$241,421
SEC form: 4
Accepted by SEC: 17 Aug 2021, 18:19:34 UTC
Next SEC filing: 16 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ Daniel Rodriguez, Attorney-in-Fact for Ryan Nicholson

Key filing fact

Ryan Nicholson filed Form 4 for Dolby Laboratories, Inc. (DLB) on 17 Aug 2021.

Key facts

This page summarizes Ryan Nicholson's Form 4 filing for Dolby Laboratories, Inc. (DLB).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 17 Aug 2021, 18:19.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$241,421.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DLB transaction

Class A Common Stock

Sale

Transaction value: $36,777
Shares: -364
Change %: -3.5%
Price: $101.03
Shares after: 10,186
Date: 16 Aug 2021
Ownership: Direct
Footnotes: F1, F2, F3

DLB transaction

Class A Common Stock

Options Exercise

Transaction value: $88,421
Shares: +2,900
Change %: +28%
Price: $30.49
Shares after: 13,086
Date: 16 Aug 2021
Ownership: Direct
Footnotes: F2

DLB transaction

Class A Common Stock

Sale

Transaction value: $293,066
Shares: -2,900
Change %: -22%
Price: $101.06
Shares after: 10,186
Date: 16 Aug 2021
Ownership: Direct
Footnotes: F2, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DLB transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -2,900
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Aug 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,900
Exercise price: $30.49
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

This transaction was executed in multiple trades at prices ranging from $101.023 to $101.045. The price reported above reflects the weighted average 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.

Footnote F2

Shares held following the reported transactions include 8,220 restricted stock units, which are subject to forfeiture until they vest.

Footnote F3

Shares include 327 shares acquired under the Issuer's Employee Stock Purchase Plan on May 17, 2021.

Footnote F4

The shares were sold in multiple transactions at prices ranging from $101.055 to $101.061, 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.

Footnote F5

This option was granted for a total of 4,800 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on the first anniversary of December 21, 2012, the vesting commencement date, and the balance of the shares vested in equal monthly installments over the next 36 months thereafter.