Ryan Nicholson - Dec 15, 2022 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
Dec 15, 2022
Transactions value $
-$86,295
Form type
4
Date filed
12/19/2022, 08:41 PM
Previous filing
Dec 20, 2021
Next filing
Feb 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Tax liability -$57.1K -780 -5.58% $73.17 13.2K Dec 15, 2022 Direct F1, F2, F3
transaction DLB Class A Common Stock Award $0 +6.59K +49.95% $0.00 19.8K Dec 15, 2022 Direct F4, F5
transaction DLB Class A Common Stock Tax liability -$13.9K -195 -0.99% $71.07 19.6K Dec 16, 2022 Direct F1, F6
transaction DLB Class A Common Stock Tax liability -$15.4K -217 -1.11% $70.80 19.4K Dec 19, 2022 Direct F1, F7
* 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 in a transaction exempt from Section 16(b) 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 7,376 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F3 Shares include 261 shares and 24 shares acquired under the Issuer's Employee Stock Purchase Plan on May 16, 2022 and November 15, 2022, respectively.
F4 Award represents a total of 6,589 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, 2022. 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 13,965 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 13,402 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F7 Shares held following the reported transactions include 12,777 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.