Shriram Revankar - May 16, 2022 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Role
SVP, Advanced Technology Group
Signature
/s/ Dan Rodriguez, Attorney-in-Fact for Shriram Revankar
Stock symbol
DLB
Transactions as of
May 16, 2022
Transactions value $
$0
Form type
4
Date filed
5/17/2022, 04:21 PM
Previous filing
May 17, 2022
Next filing
Dec 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Award $0 +48.9K $0.00 48.9K May 16, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DLB Employee Stock Option (right to buy) Award $0 +69.4K $0.00 69.4K May 16, 2022 Class A Common Stock 69.4K $75.01 Direct F3
* 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 48,936 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 May 16, 2022. 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 48,936 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F3 This option was granted for a total of 69,412 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vest on the first anniversary of May 16, 2022, the vesting commencement date, and the balance of the shares vest in equal monthly installments over the next 36 months thereafter.