Dolby executive sells 7,667 shares after exercise
Dolby’s SVP, Entertainment exercised 7,667 options and sold the same number of shares under a Rule 10b5-1 plan.
Rhea-AI Filing Summary
Dolby Laboratories, Inc. (DLB) reported that John D. Couling, SVP, Entertainment, exercised stock options and sold shares on September 1, 2026 under an affirmed Rule 10b5-1 trading plan. He exercised options for 7,667 shares of Class A Common Stock at an exercise price of $45.50 per share and received 7,667 shares. On the same date, he sold 7,667 shares of Class A Common Stock at a weighted average price of $61.045 per share in multiple transactions priced between $60.65 and $61.25. The exercised options were part of an option originally granted for 46,000 shares, and his holdings after the transactions include 55,114 shares underlying restricted stock units that remain subject to forfeiture until vesting.
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Insider Trade Summary 10b5-1
Exercise and Sale: 7,667 shares ($119K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Couling John D
Role
SVP, Entertainment
Sold
7,667 shs ($468K)
Approx. gross sale proceeds
$468K
Approx. exercise cost
$349K
Approx. pre-tax spread
$119K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F3 | 7,667 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 7,667 | $45.50 | $349K |
| Sale | Class A Common Stock F2, F1 | 7,667 | $61.045 | $468K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 7,667 contracts (Direct);
Class A Common Stock — 118,727 shares (Direct)
Footnotes (3)
- 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 $60.65 to $61.25, 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. 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 exercised: 7,667 shares
Exercise price: $45.50 per share
Shares sold: 7,667 shares
+4 more
7 metrics
Shares exercised
7,667 shares
Options to acquire Dolby Class A Common Stock exercised on September 1, 2026
Exercise price
$45.50 per share
Exercise price of options for 7,667 shares of Class A Common Stock
Shares sold
7,667 shares
Class A Common Stock sold on September 1, 2026
Weighted average sale price
$61.045 per share
Average price for 7,667 shares sold in multiple transactions
Sale price range
$60.65–$61.25 per share
Range of prices for the multiple sale transactions on September 1, 2026
Original option grant size
46,000 shares
Total shares covered by the option from which 7,667 shares were exercised
RSUs outstanding
55,114 shares
Shares of Class A common stock underlying restricted stock units held after transactions
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, restricted stock units, Class A Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"transactions were made under a Rule 10b5-1 trading plan"
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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
restricted stock units financial
"shares of Class A common stock underlying restricted stock units"
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.
Class A Common Stock financial
"46,000 shares of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transactions did Dolby (DLB) report for John D. Couling on September 1, 2026?
John D. Couling exercised options for 7,667 shares of Dolby Class A Common Stock at an exercise price of $45.50 per share and on the same day sold 7,667 shares at a weighted average price of $61.045 per share.
What was the exercise price of the Dolby (DLB) options exercised by John D. Couling?
The options exercised by John D. Couling on September 1, 2026 covered 7,667 shares of Dolby Class A Common Stock at an exercise price of $45.50 per share, from an option originally granted for 46,000 shares.
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 were executed pursuant to a pre-arranged trading program.
What Dolby (DLB) equity awards does John D. Couling still hold after these transactions?
Following the reported transactions, John D. Couling’s holdings include 55,114 shares of Dolby Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
