Dolby (NYSE: DLB) SVP sells 7,666 shares and exercises stock options

Rhea-AI Filing Summary

Dolby Laboratories SVP, Entertainment John D. Couling exercised stock options for 7,666 shares of Class A common stock at $45.50 per share and sold 7,666 shares in open‑market transactions around the mid‑$50s.

The sales, effected at weighted average prices of $56.16 and $55.5868 per share, were made under a Rule 10b5‑1 trading plan adopted on February 3, 2026. After these transactions he directly holds 118,727 shares, including 55,114 shares underlying restricted stock units subject to vesting and 374 shares from the Employee Stock Purchase Plan.

Insider Trade Summary 10b5-1

Net Seller: 7,666 shares ($426,420)

Net Sell 4 txns

Insider Couling John D

Role SVP, Entertainment

Sold 7,666 shs ($426K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	7,666	$0.00	--
Exercise	Class A Common Stock	7,666	$45.50	$349K
Sale	Class A Common Stock	7,158	$55.5868	$398K
Sale	Class A Common Stock	508	$56.16	$29K

Holdings After Transaction: Employee Stock Option (Right to Buy) — 30,668 shares (Direct, null); Class A Common Stock — 126,393 shares (Direct, null)

Footnotes (1)

1. Shares held following the reported transactions include 55,114 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. Shares include 374 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2026. The shares were sold in multiple transactions at prices ranging from $55.15 to $56.105 , 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. The shares were sold pursuant to a 10b5-1 trading plan adopted on February 3, 2026. This option was granted for a total of 46,000 shares of Class A Common Stock. The option exercised in this transation was fully vested and exercisable as of the transaction date.

Key Figures

Shares sold: 7,666 shares Sale price block 1: $56.16/share Sale price block 2: $55.5868/share +5 more

8 metrics

Shares sold 7,666 shares Class A Common Stock sold on June 1, 2026

Sale price block 1 $56.16/share 508 shares of Class A Common Stock

Sale price block 2 $55.5868/share 7,158 shares of Class A Common Stock

Options exercised 7,666 shares Employee stock option exercise on June 1, 2026

Option exercise price $45.50/share Employee Stock Option (Right to Buy)

Shares owned after 118,727 shares Direct Class A Common Stock holdings after transactions

RSUs included in holdings 55,114 shares Class A common stock underlying restricted stock units

ESPP shares included 374 shares Acquired under Employee Stock Purchase Plan on May 15, 2026

Key Terms

Rule 10b5-1 trading plan, restricted stock units, Employee Stock Purchase Plan, Employee Stock Option (Right to Buy), +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The shares were sold pursuant to a 10b5-1 trading plan adopted on February 3, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units financial

"Shares held following the reported transactions include 55,114 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Employee Stock Purchase Plan financial

"Shares include 374 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2026."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Employee Stock Option (Right to Buy) financial

"Employee Stock Option (Right to Buy) transaction covering 7,666 underlying Class A Common Stock shares."

weighted average sale price financial

"The shares were sold in multiple transactions at prices ranging from $55.15 to $56.105, inclusive. The price reported above reflects the weighted average sale price."

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Couling John D

(Last) (First) (Middle)

C/O DOLBY LABORATORIES, INC.

1275 MARKET STREET

(Street)

SAN FRANCISCO CALIFORNIA 94103

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Dolby Laboratories, Inc. [ DLB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Entertainment

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/01/2026		M		7,666	A	$45.5	126,393(1)(2)	D
Class A Common Stock	06/01/2026		S		7,158	D	$55.5868(3)	119,235(1)	D
Class A Common Stock	06/01/2026		S		508	D	$56.16	118,727(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$45.5	06/01/2026		M			7,666	(4)	12/15/2026	Class A Common Stock	7,666	$0	30,668	D

Explanation of Responses:

1. Shares held following the reported transactions include 55,114 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

2. Shares include 374 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2026.

3. The shares were sold in multiple transactions at prices ranging from $55.15 to $56.105 , 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. The shares were sold pursuant to a 10b5-1 trading plan adopted on February 3, 2026.

4. This option was granted for a total of 46,000 shares of Class A Common Stock. The option exercised in this transation was fully vested and exercisable as of the transaction date.

	/s/ Daniel Rodriguez as Attorney-in-Fact for John Couling	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Dolby (DLB) SVP John Couling report?

John D. Couling reported exercising options for 7,666 Dolby Class A shares at $45.50 and selling 7,666 shares in open‑market trades. The sales occurred at weighted average prices of $56.16 and $55.5868 per share on June 1, 2026.

How many Dolby (DLB) shares did the SVP sell and at what prices?

He sold a total of 7,666 Dolby Class A shares in open‑market transactions. One 508‑share block priced at $56.16 per share and another 7,158‑share block at a weighted average of $55.5868 per share, according to the reported data.

What stock options did the Dolby (DLB) SVP exercise in this report?

Couling exercised employee stock options covering 7,666 shares of Dolby Class A common stock at an exercise price of $45.50 per share. The options were part of a grant for 46,000 shares and were fully vested and exercisable on the transaction date.

How many Dolby (DLB) shares does John Couling own after these transactions?

Following the reported trades, Couling directly owns 118,727 Dolby Class A shares. This figure includes 55,114 shares underlying restricted stock units that remain subject to vesting and 374 shares acquired through the company’s Employee Stock Purchase Plan.

Were the Dolby (DLB) insider stock sales under a Rule 10b5-1 plan?

Yes. The sales were executed under a Rule 10b5‑1 trading plan adopted on February 3, 2026. Such pre‑arranged plans automate trading according to preset instructions, helping separate personal trading decisions from non‑public information access.

What is notable about the restricted stock units held by Dolby’s SVP?

Couling’s post‑transaction holdings include 55,114 Dolby Class A shares underlying restricted stock units. These RSUs are subject to forfeiture until they vest, meaning the shares are not fully earned or transferable until specified vesting conditions are satisfied.