| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DLB | Class A Common Stock | Options Exercise | $893K | +29.3K | +36.98% | $30.49 | 109K | Oct 3, 2022 | Direct | F1 |
| transaction | DLB | Class A Common Stock | Sale | -$1.94M | -29.3K | -27% | $66.30 | 79.2K | Oct 3, 2022 | Direct | F1, F2 |
| transaction | DLB | Class A Common Stock | Options Exercise | $686K | +20.7K | +26.12% | $33.15 | 99.9K | Oct 3, 2022 | Direct | F1 |
| transaction | DLB | Class A Common Stock | Sale | -$567K | -8.68K | -8.69% | $65.33 | 91.3K | Oct 3, 2022 | Direct | F1, F3 |
| transaction | DLB | Class A Common Stock | Sale | -$791K | -12K | -13.17% | $65.81 | 79.2K | Oct 3, 2022 | Direct | F1, F4 |
| transaction | DLB | Class A Common Stock | Options Exercise | $143K | +4.3K | +5.43% | $33.15 | 83.5K | Oct 4, 2022 | Direct | F1 |
| transaction | DLB | Class A Common Stock | Sale | -$291K | -4.3K | -5.15% | $67.72 | 79.2K | Oct 4, 2022 | Direct | F1, F5 |
| 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 | -29.3K | -100% | $0.00* | 0 | Oct 3, 2022 | Class A Common Stock | 29.3K | $30.49 | Direct | F6 |
| transaction | DLB | Employee Stock Option (right to buy) | Options Exercise | $0 | -20.7K | -82.8% | $0.00 | 4.3K | Oct 3, 2022 | Class A Common Stock | 20.7K | $33.15 | Direct | F7 |
| transaction | DLB | Employee Stock Option (right to buy) | Options Exercise | $0 | -4.3K | -100% | $0.00* | 0 | Oct 4, 2022 | Class A Common Stock | 4.3K | $33.15 | Direct | F7 |
| Id | Content |
|---|---|
| F1 | Shares held following the reported transactions include 35,653 restricted stock units, which are subject to forfeiture until they vest. |
| F2 | This transaction was executed in multiple trades at prices ranging from $65.91 to $66.655. 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. |
| F3 | This transaction was executed in multiple trades at prices ranging from $64.69 to $65.685. 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. |
| F4 | This transaction was executed in multiple trades at prices ranging from $65.69 to $65.91. 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. |
| F5 | This transaction was executed in multiple trades at prices ranging from $67.20 to $67.945. 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. |
| F6 | This option was granted for a total of 49,300 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vested on each anniversary of December 21, 2012, the vesting commencement date. |
| F7 | This performance-based stock option award was granted for a total of 20,000 shares of Class A Common Stock at target. The number of shares actually earned and vested upon the achievement of total shareholder return performance criteria measured during a three-year performance period ended on December 15, 2018 was at 125% of target, or 25,000 shares. |
The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan.