Dolby (DLB) Form 144 Notifies Sale of 7,000 Restricted Shares
Rhea-AI Filing Summary
Form 144 filed for Dolby Laboratories (DLB): The filer notifies a proposed sale of 7,000 shares of Common Stock through Morgan Stanley Smith Barney on the NYSE with an approximate aggregate market value of $524,440, and an approximate sale date of 08/22/2025. The shares were acquired as restricted stock: 5,670 shares on 05/16/2023 and 1,330 shares on 12/15/2023. The filing reports no securities sold in the past three months by the selling person. The filer also signs the standard representation that they are not aware of any material nonpublic information about the issuer.
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Insights
TL;DR: Small insider sale filed: 7,000 shares worth $524,440 planned to be sold via Morgan Stanley on NYSE.
This Form 144 notifies a proposed sale of 7,000 common shares, acquired as restricted stock in two tranches during 2023. The disclosed aggregate value is $524,440 against 95,844,185 shares outstanding, indicating a de minimis ownership reduction and limited market impact. The filing includes the standard attestation of no undisclosed material information. No sales in the prior three months were reported.
TL;DR: Routine compliance disclosure for planned sale of restricted shares; governance implications are minimal.
The Form 144 appears procedurally complete: broker, sale date, acquisition dates, and nature of acquisition (restricted stock) are provided. Given the small size relative to shares outstanding, this filing represents a routine liquidity event rather than a material governance concern. The seller's attestation about material information is included as required.