Ryan Nicholson - Feb 6, 2023 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Signature
/s/ Daniel Rodriguez, Attorney-in-Fact for Ryan Nicholson
Stock symbol
DLB
Transactions as of
Feb 6, 2023
Transactions value $
-$325,647
Form type
4
Date filed
2/8/2023, 05:55 PM
Previous filing
Dec 19, 2022
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Options Exercise $130K +3.03K +15.62% $42.98 22.4K Feb 6, 2023 Direct F1
transaction DLB Class A Common Stock Options Exercise $134K +3.6K +16.08% $37.35 26K Feb 6, 2023 Direct F1
transaction DLB Class A Common Stock Sale -$560K -6.63K -25.49% $84.56 19.4K Feb 6, 2023 Direct F1, F2
transaction DLB Class A Common Stock Sale -$29.9K -354 -1.83% $84.56 19K Feb 6, 2023 Direct F1, F3

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 -3.03K -100% $0.00* 0 Feb 6, 2023 Class A Common Stock 3.03K $42.98 Direct F4
transaction DLB Employee Stock Option (right to buy) Options Exercise $0 -3.6K -100% $0.00* 0 Feb 6, 2023 Class A Common Stock 3.6K $37.35 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held following the reported transactions include 12,777 restricted stock units, which are subject to forfeiture until they vest.
F2 This transaction was executed in multiple trades at prices ranging from $84.50 to $84.76. 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 $84.55 to $84.57. 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 option was originally granted for a total of 3,025 shares of Class A Common Stock. The option exercised in this transaction was fully vested and exercisable as of the transaction date.
F5 This option was originally granted for a total of 3,600 shares of Class A Common Stock. The option exercised in this transaction was fully vested and exercisable as of the transaction date.