Mark Andrew Sherman - Dec 17, 2021 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Role
EVP, GEN. COUN. & SECRTY
Signature
/s/ Daniel Rodriguez, Attorney-in-Fact for Andy Sherman
Stock symbol
DLB
Transactions as of
Dec 17, 2021
Transactions value $
-$446,807
Form type
4
Date filed
12/20/2021, 07:40 PM
Previous filing
Dec 16, 2021
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Tax liability -$148K -1.61K -2.76% $92.00 56.7K Dec 17, 2021 Direct F1, F2
transaction DLB Class A Common Stock Sale -$150K -1.66K -2.93% $90.17 55K Dec 17, 2021 Direct F2
transaction DLB Class A Common Stock Sale -$149K -1.64K -2.98% $90.69 53.4K Dec 20, 2021 Direct 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 incidental to the vesting of restricted stock units.
F2 Shares held following the reported transactions include 35,311 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

Remarks:

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.