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Dolby Laboratories, Inc. — Director's Dealing 2025
Jun 13, 2025
30828_dirs_2025-06-12_13866c68-6e93-4fa0-b645-7de9bfdd29c4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Dolby Laboratories, Inc. (DLB)
CIK: 0001308547
Period of Report: 2025-06-10
Reporting Person: YEAMAN KEVIN J (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-06-10 | Class A Common Stock | M | 25000 | $45.5 | Acquired | 139725 | Indirect |
| 2025-06-10 | Class A Common Stock | M | 8683 | $64.6 | Acquired | 148408 | Indirect |
| 2025-06-10 | Class A Common Stock | S | 33504 | $76.223 | Disposed | 114904 | Indirect |
| 2025-06-10 | Class A Common Stock | S | 179 | $76.57 | Disposed | 114725 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-06-10 | Employee Stock Option (Right to Buy) | $45.5 | M | 25000 | Disposed | 2026-12-15 | Class A Common Stock (25000) | Indirect |
| 2025-06-10 | Employee Stock Option (Right to Buy) | $64.6 | M | 8683 | Disposed | 2025-12-17 | Class A Common Stock (8683) | 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 $75.555 to $76.50, 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: 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.
F4: 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.
F5: 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.