John D. Couling - 15 May 2023 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Role: SVP, Entertainment
Signature: /s/ Daniel Rodriguez, Attorney-in-Fact for John Couling
Issuer symbol: DLB
Transactions as of: 15 May 2023
Net transactions value: -$23,316
Form type: 4
Filing time: 16 May 2023, 17:12:20 UTC
Previous filing: 08 Feb 2023
Next filing: 17 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DLB	Class A Common Stock	Sale	$23,316	-278	-0.29%	$83.87	96,245	15 May 2023	Direct	F1, F2

* 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 43,636 restricted stock units, which are subject to forfeiture until they vest.
F2	Shares include 278 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2023.

Remarks:

The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 17, 2022, as amended February 6, 2023, which was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) in effect at the time of adoption.