| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DLB | Class A Common Stock | Tax liability | -$317K | -3.51K | -6.95% | $90.55 | 47K | Dec 15, 2021 | Direct | F1, F2, F3 |
| transaction | DLB | Class A Common Stock | Award | $0 | +14.8K | +31.43% | $0.00 | 61.7K | Dec 15, 2021 | Direct | F4, F5 |
| transaction | DLB | Class A Common Stock | Tax liability | -$150K | -1.64K | -2.65% | $91.80 | 60.1K | Dec 16, 2020 | Direct | F1, F6 |
| transaction | DLB | Class A Common Stock | Sale | -$130K | -1.43K | -2.38% | $90.97 | 58.6K | Dec 16, 2020 | Direct | F6, F7 |
| transaction | DLB | Class A Common Stock | Sale | -$30.5K | -332 | -0.57% | $91.90 | 58.3K | Dec 16, 2020 | Direct | F6, F8 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DLB | Performance-Based Restricted Stock Unit | Award | $0 | +7.38K | $0.00 | 7.38K | Dec 15, 2021 | Class A Common Stock | 7.38K | Direct | F9 | ||
| transaction | DLB | Employee Stock Option (Right to Buy) | Award | $0 | +30.5K | $0.00 | 30.5K | Dec 15, 2021 | Class A Common Stock | 30.5K | $91.80 | Direct | F10 |
| 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 incidental to the vesting of restricted stock units. |
| F2 | Shares held following the reported transactions include 27,104 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. |
| F3 | Shares include 452 shares acquired under the Issuer's Employee Stock Purchase Plan on May 17, 2021. |
| F4 | Award represents a total of 14,757 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 15, 2021. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting. |
| F5 | Shares held following the reported transactions include 41,861 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. |
| F6 | Shares held following the reported transactions include 38,561 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. |
| F7 | The shares were sold in multiple transactions at prices ranging from $90.65 to $91.35, 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. |
| F8 | The shares were sold in multiple transactions at prices ranging from $91.81 to $92.07, 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. |
| F9 | The vesting of this performance-based restricted stock unit ("PSU") award is dependent upon achievement of performance criteria measured during a three-year performance period beginning on December 15, 2021 and ending December 11, 2024. Each PSU represents a right to receive, upon vesting, one share of Class A common stock. The number of shares reported is at the target award amount. The reporting person may potentially earn from 0% to 200% of the target award amount based on achievement of annualized total shareholder return compared to the S&P Mid Cap 400 Index at the end of the three-year performance period. The actual PSU award earned shall vest immediately upon certification by the Company's Compensation Committee of the achievement of the performance criteria, following the end of the three-year performance period. |
| F10 | This option was granted for a total of 30,545 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of December 15, 2021, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter. |
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.