Dolby Laboratories, Inc. — Director's Dealing 2025

Dec 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2025-12-09

Reporting Person: YEAMAN KEVIN J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-12-09	Class A Common Stock	M	10615	$64.6	Acquired	108992	Indirect
2025-12-09	Class A Common Stock	M	23752	$45.5	Acquired	132744	Indirect
2025-12-09	Class A Common Stock	S	28168	$66.9919	Disposed	104576	Indirect
2025-12-09	Class A Common Stock	S	6199	$67.5052	Disposed	98377	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-12-09	Employee Stock Option (Right to Buy)	$45.5	M	10615	Disposed	2026-12-15	Class A Common Stock (10615)	Indirect
2025-12-09	Employee Stock Option (Right to Buy)	$64.6	M	23752	Disposed	2025-12-17	Class A Common Stock (23752)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	127735	Direct
Class A Common Stock	2.5592	Indirect

Footnotes

F1: By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009

F2: The shares were sold in multiple transactions at prices ranging from $66.38 to $67.37, inclusive. The price reported above reflects the weighted average sale 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: The shares were sold in multiple transactions at prices ranging from $67.39 to $67.60, inclusive. The price reported above reflects the weighted average sale 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: Shares held following the reported transactions include 127,735 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

F5: This option was granted for a total of 194,399 shares of Class A Common Stock. The option exercised in this transaction was fully vested and exercisable as of the transaction date.

F6: This performance-based stock option award was granted for a total of 82,000 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 17, 2021 was at 75% of target, or 61,500 shares.