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

Role
VP, Corporate Controller
Signature
/s/ Daniel Rodriguez, Attorney-in-Fact for Ryan Nicholson
Stock symbol
DLB
Transactions as of
Aug 16, 2021
Transactions value $
-$241,421
Form type
4
Date filed
8/17/2021, 06:19 PM
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Sale -$36.8K -364 -3.45% $101.03 10.2K Aug 16, 2021 Direct F1, F2, F3
transaction DLB Class A Common Stock Options Exercise $88.4K +2.9K +28.47% $30.49 13.1K Aug 16, 2021 Direct F2
transaction DLB Class A Common Stock Sale -$293K -2.9K -22.16% $101.06 10.2K Aug 16, 2021 Direct F2, F4

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 -2.9K -100% $0.00* 0 Aug 16, 2021 Class A Common Stock 2.9K $30.49 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Shares held following the reported transactions include 8,220 restricted stock units, which are subject to forfeiture until they vest.
F3 Shares include 327 shares acquired under the Issuer's Employee Stock Purchase Plan on May 17, 2021.
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.
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.