Ryan Nicholson - 15 Dec 2023 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Role
VP, Corporate Controller
Signature
/s/ Daniel Rodriguez, Attorney-in-Fact for Ryan Nicholson
Issuer symbol
DLB
Transactions as of
15 Dec 2023
Net transactions value
-$136,671
Form type
4
Filing time
19 Dec 2023, 19:30:24 UTC
Previous filing
08 Feb 2023
Next filing
27 Nov 2024
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 Award $0 +6,253 +32% $0.000000 25,623 15 Dec 2023 Direct F1, F2, F3
transaction DLB Class A Common Stock Tax liability $119,610 -1,350 -5.3% $88.60 24,273 15 Dec 2023 Direct F4, F5
transaction DLB Class A Common Stock Tax liability $17,061 -195 -0.8% $87.49 24,078 16 Dec 2023 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award represents a total of 6,253 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, 2023. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
F2 Shares held following the reported transactions include 19,030 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F3 Shares include 293 shares and 64 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2023 and November 15, 2023, respectively.
F4 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.
F5 Shares held following the reported transactions include 15,133 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 14,570 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.