Dolby grants EVP 48K restricted stock units

EVP and general counsel Mark Andrew Sherman received 48,076 RSUs in Dolby’s Class A stock, fully vesting in 2028 and increasing his reported direct holdings to 119,024 shares.

Rhea-AI Filing Summary

Dolby Laboratories, Inc. (DLB) reported that executive vice president, general counsel and secretary Mark Andrew Sherman received a grant of 48,076 restricted stock units of Class A common stock on September 15, 2026 under the company’s 2020 Stock Plan. These units vest 100% on September 15, 2028, contingent on his continued service, with each unit representing a right to receive one Class A share upon vesting. Following this award, Sherman holds 119,024 Class A shares directly, including 101,712 shares underlying unvested restricted stock units and 385 shares acquired through the Employee Stock Purchase Plan. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 48,076 shares

Grant/Award 1 txn

Insider SHERMAN MARK ANDREW

Role EVP, Gen. Counsel & Secretary

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1, F2, F3	48,076	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 119,024 shares (Direct)

Footnotes (3)

1. F1. Award represents a total of 48,076 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Under the terms of the restricted stock unit grant agreement, 100% of the units shall vest on September 15, 2028, subject to the Reporting Person continuing to be a service provider through such date. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
2. F2. Shares held following the reported transactions include 101,712 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
3. F3. Shares include 385 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2026.

Key Figures

Restricted stock units granted: 48,076 units Vesting date: September 15, 2028 Shares held following transaction: 119,024 shares +3 more

6 metrics

Restricted stock units granted 48,076 units Grant to Mark Andrew Sherman on September 15, 2026 under the 2020 Stock Plan

Vesting date September 15, 2028 100% of the 48,076 restricted stock units vest on this date, subject to continued service

Shares held following transaction 119,024 shares Direct Class A holdings reported for Mark Andrew Sherman after the grant

Shares underlying RSUs in holdings 101,712 shares Class A shares underlying restricted stock units included in post-transaction holdings and subject to forfeiture

Employee Stock Purchase Plan shares 385 shares Class A shares acquired under Dolby’s Employee Stock Purchase Plan on May 15, 2026

Transaction price per share $0.00 RSU grant reported with no cash price per share to the insider

Key Terms

restricted stock units, contingent right, service provider, Employee Stock Purchase Plan, +1 more

5 terms

restricted stock units financial

"Award represents a total of 48,076 restricted stock units granted under the terms"

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.

contingent right financial

"Each unit represents a contingent right to receive one share"

service provider financial

"subject to the Reporting Person continuing to be a service provider through such date"

Employee Stock Purchase Plan financial

"Shares include 385 shares acquired under the Issuer's Employee Stock Purchase Plan"

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.

forfeiture financial

"underlying restricted stock units, which are subject to forfeiture until they vest"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did DLB grant to Mark Andrew Sherman?

Dolby Laboratories granted Mark Andrew Sherman 48,076 restricted stock units of Class A common stock on September 15, 2026 under its 2020 Stock Plan. Each unit represents a contingent right to receive one share of Class A common stock upon vesting.

When do Mark Andrew Sherman’s new DLB restricted stock units vest?

The 48,076 restricted stock units granted to Mark Andrew Sherman are scheduled to vest 100% on September 15, 2028, provided he continues to be a service provider to Dolby Laboratories through that date.

How many DLB shares does Mark Andrew Sherman hold after this Form 4 transaction?

After the reported transaction, Mark Andrew Sherman holds 119,024 shares of Dolby Laboratories Class A common stock directly, including 101,712 shares underlying restricted stock units and 385 shares acquired under the Employee Stock Purchase Plan.

Are Mark Andrew Sherman’s DLB restricted stock units currently subject to forfeiture?

Yes. Of the 119,024 Class A shares reported, 101,712 are underlying restricted stock units that are subject to forfeiture until they vest, according to the disclosure.

Were Mark Andrew Sherman’s DLB equity transactions under a Rule 10b5-1 plan?

No. The filing indicates that no Rule 10b5-1 trading plan is reported for the transactions disclosed in this Form 4.

How did Mark Andrew Sherman acquire 385 DLB shares mentioned in the filing?

The filing states that Sherman's reported holdings include 385 shares of Dolby Laboratories Class A common stock acquired under the Employee Stock Purchase Plan on May 15, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/17/2026 - 05:04 PM Accepted by SEC EDGAR 09/17/2026 - 05:03 PM Learn about SEC filing dates

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).

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^*

SHERMAN MARK ANDREW

(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)
	EVP, Gen. Counsel & Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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	09/15/2026		A		48,076	A(1)	$0	119,024(2)(3)	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. Award represents a total of 48,076 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Under the terms of the restricted stock unit grant agreement, 100% of the units shall vest on September 15, 2028, subject to the Reporting Person continuing to be a service provider through such date. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.

2. Shares held following the reported transactions include 101,712 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.

	/s/ Daniel Rodriguez as Attorney-in-Fact for Andy Sherman	09/17/2026
	** 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)