Dolby Laboratories (NYSE: DLB) SVP exercises options, sells 7,667 shares
Rhea-AI Filing Summary
Dolby Laboratories SVP, Entertainment John D. Couling exercised employee stock options for 7667 shares of Class A common stock at an exercise price of $45.5000 and, on the same day, sold 783 shares at a weighted average price of $59.0343 and 6884 shares at $60.1075 pursuant to a Rule 10b5-1 trading plan. He continues to hold options for 15334 shares, and his holdings include 55,114 shares underlying restricted stock units that remain subject to vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 7,667 shares ($111K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Couling John D
Role
SVP, Entertainment
Sold
7,667 shs ($460K)
Approx. gross sale proceeds
$460K
Approx. exercise cost
$349K
Approx. pre-tax spread
$111K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F4 | 7,667 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 7,667 | $45.50 | $349K |
| Sale | Class A Common Stock F2, F1 | 783 | $59.0343 | $46K |
| Sale | Class A Common Stock F3, F1 | 6,884 | $60.1075 | $414K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 15,334 shares (Direct);
Class A Common Stock — 118,727 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. The shares were sold in multiple transactions at prices ranging from $58.89 to $59.46, 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. The shares were sold in multiple transactions at prices ranging from $59.895 to $60.385, 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.
- F4. 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
Options exercised: 7667 shares
Exercise price: $45.5000 per share
Shares sold (block 1): 783 shares
+5 more
8 metrics
Options exercised
7667 shares
Employee stock options for Class A common stock exercised on 2026-08-03
Exercise price
$45.5000 per share
Exercise price of employee stock option exercised for 7667 shares
Shares sold (block 1)
783 shares
Class A common stock sold at weighted average $59.0343 on 2026-08-03
Sale price (block 1)
$59.0343 per share
Weighted average sale price; individual trades ranged $58.89–$59.46
Shares sold (block 2)
6884 shares
Class A common stock sold at weighted average $60.1075 on 2026-08-03
Sale price (block 2)
$60.1075 per share
Weighted average sale price; individual trades ranged $59.895–$60.385
Options remaining
15334 shares
Options for Class A common stock held directly after the exercise transaction
RSU underlying shares
55,114 shares
Class A shares underlying restricted stock units, subject to forfeiture until vesting
Key Terms
Employee Stock Option (Right to Buy), restricted stock units, weighted average sale price
3 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
restricted stock units financial
"shares of Class A common stock underlying restricted stock units, which are subject"
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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transactions did John D. Couling report for Dolby (DLB)?
John D. Couling reported exercising 7667 stock options for Class A shares at $45.5000 and selling 7667 shares in two open-market transactions on the same day, all under a Rule 10b5-1 trading plan.
How many Dolby (DLB) options did John D. Couling exercise and at what price?
He exercised 7667 employee stock options for Dolby Class A common stock at an exercise price of $45.5000 per share. These options were part of an original grant covering 46,000 shares and were fully vested and exercisable on the transaction date.
Were John D. Couling’s Dolby (DLB) trades made under a Rule 10b5-1 plan?
Yes. The filing affirms that the reported transactions were made under a Rule 10b5-1 trading plan, indicating they followed a pre-established contract or instruction designed to satisfy Rule 10b5-1(c) affirmative defense conditions.
What Dolby (DLB) equity awards does John D. Couling hold after these transactions?
After the reported trades, he continues to hold options for 15334 shares of Class A common stock. His holdings also include 55,114 shares underlying restricted stock units, which are subject to forfeiture until they vest.
What was the size of the original Dolby (DLB) option grant exercised in this Form 4?
The exercised option was originally granted for 46,000 shares of Dolby Class A common stock. In this transaction, only 7667 shares were exercised; the option was already fully vested and exercisable on the transaction date.