Dolby Laboratories, Inc. — Director's Dealing 2023

Jul 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2023-07-12

Reporting Person: SHERMAN MARK ANDREW (EVP, Gen. Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-12	Class A Common Stock	M	21000	$62.32	Acquired	77730	Direct
2023-07-12	Class A Common Stock	S	21000	$89.00	Disposed	56730	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-12	Employee Stock Option (right to buy)	$62.32	M	21000	Disposed	2024-12-15	Class A Common Stock (21000)	Direct

Footnotes

F1: Shares held following the reported transactions include 39,803 restricted stock units, which are subject to forfeiture until they vest

F2: Shares include 356 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2023.

F3: This performance-based stock option award was granted for a total of 28,000 shares of Class A Common Stock at target. The number of shares actually earned and vested upon the achievement of total shareholder return performance criteria measured during a three-year performance period ended on December 15, 2020 was at 96% of target, or 26,880 shares.