Shriram Revankar - 16 May 2023 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Role
SVP, Advanced Technology Group
Signature
/s/ Dan Rodriguez, Attorney-in-fact for Shriram Revankar
Issuer symbol
DLB
Transactions as of
16 May 2023
Net transactions value
-$361,311
Form type
4
Filing time
18 May 2023, 19:25:46 UTC
Previous filing
16 Dec 2022
Next filing
19 Dec 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 Tax liability $361,311 -4,285 -7.1% $84.32 55,648 16 May 2023 Direct F1, F2, F3
* 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 transaction include 47,259 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F3 Shares include 440 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2023.