Dolby (NYSE: DLB) SVP sells shares under 10b5-1 plan and covers taxes

Rhea-AI Filing Summary

Dolby Laboratories SVP Shriram Revankar reported two Class A Common Stock transactions. On May 15, 2026, he sold 3,000 shares in an open-market transaction at $54.90 per share, executed under a Rule 10b5-1 trading plan adopted on August 22, 2025.

On May 18, 2026, 4,329 shares were withheld by Dolby to cover tax obligations from restricted stock unit vesting, a disposition exempt under Rule 16b-3 rather than a market sale. Following these transactions, he directly holds 76,274 shares, including 46,938 shares underlying restricted stock units that remain subject to vesting and 385 shares acquired through the Employee Stock Purchase Plan.

Insider Trade Summary 10b5-1

Net Seller: 3,000 shares ($164,700)

Net Sell 2 txns

Insider Revankar Shriram

Role SVP, Advanced Technology Group

Sold 3,000 shs ($165K)

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	4,329	$54.21	$235K
Sale	Class A Common Stock	3,000	$54.90	$165K

Holdings After Transaction: Class A Common Stock — 76,274 shares (Direct, null)

Footnotes (1)

1. The shares were sold pursuant to a 10b5-1 trading plan adopted on August 22, 2025. Shares held following the reported transactions include 59,172 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest. Shares include 385 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2026. In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer in a transaction exempt from Section 16(b) and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units. Shares held following the reported transactions include 46,938 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

Key Figures

Open-market shares sold: 3,000 shares Sale price: $54.90 per share Tax-withheld shares: 4,329 shares +5 more

8 metrics

Open-market shares sold 3,000 shares Class A Common Stock sale at $54.90 on May 15, 2026

Sale price $54.90 per share Open-market sale of 3,000 shares on May 15, 2026

Tax-withheld shares 4,329 shares Shares withheld at $54.21 to cover RSU taxes on May 18, 2026

Tax-withholding reference price $54.21 per share Value used for 4,329-share tax-withholding disposition

Shares held after transactions 76,274 shares Direct Class A Common Stock holdings following reported transactions

Unvested RSU underlying shares 46,938 shares Class A shares underlying restricted stock units subject to vesting

ESPP shares 385 shares Shares acquired under Employee Stock Purchase Plan on May 15, 2026

Shares after sale event 80,603 shares Direct holdings following the 3,000-share sale on May 15, 2026

Key Terms

Rule 10b5-1 trading plan, restricted stock units, Employee Stock Purchase Plan, Section 16(b), +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The shares were sold pursuant to a 10b5-1 trading plan adopted on August 22, 2025."

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 46,938 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 385 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.

Section 16(b) regulatory

"In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer in a transaction exempt from Section 16(b) and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units."

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

Rule 16b-3 regulatory

"In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer in a transaction exempt from Section 16(b)..."

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

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^*

Revankar Shriram

(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, Advanced Technology Group

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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	05/15/2026		S(1)		3,000	D	$54.9	80,603(2)(3)	D
Class A Common Stock	05/18/2026		F(4)		4,329	D	$54.21	76,274(5)	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

Explanation of Responses:

1. The shares were sold pursuant to a 10b5-1 trading plan adopted on August 22, 2025.

2. Shares held following the reported transactions include 59,172 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

3. Shares include 385 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2026.

4. In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer in a transaction exempt from Section 16(b) and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units.

5. Shares held following the reported transactions include 46,938 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

	/s/ Daniel Rodriguez as Attorney-in-Fact for Shriram Revankar	05/19/2026
	** 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 Shriram Revankar report?

He reported selling 3,000 shares of Class A Common Stock at $54.90 per share and a separate withholding of 4,329 shares to cover taxes on restricted stock unit vesting.

Was the Dolby (DLB) insider share sale part of a 10b5-1 plan?

Yes. The 3,000-share sale at $54.90 per share was executed under a Rule 10b5-1 trading plan that was adopted on August 22, 2025, indicating a pre-arranged transaction schedule.

How many Dolby (DLB) shares does Shriram Revankar hold after these transactions?

After the reported transactions, he directly holds 76,274 shares of Class A Common Stock, including 46,938 shares underlying restricted stock units and 385 shares from the Employee Stock Purchase Plan.

Was the 4,329-share Dolby (DLB) disposition an open-market sale?

No. The 4,329 shares were withheld by Dolby to cover tax liabilities related to restricted stock unit vesting, in a transaction exempt from Section 16(b), and were not sold in the open market.

What type of shares are included in Dolby (DLB) SVP Revankar’s holdings?

His 76,274-share holding includes ordinary Class A Common Stock, 46,938 shares underlying unvested restricted stock units subject to forfeiture, and 385 shares acquired through the company’s Employee Stock Purchase Plan.