Dolby (DLB) director Tony Prophet granted 3,908 restricted stock units in equity award

Rhea-AI Filing Summary

Dolby Laboratories director Tony A. Prophet received an equity award in the form of restricted stock units. On 02/03/2026, he was granted 3,908 restricted stock units of Class A common stock at a price of $0 per unit under the company’s 2020 Stock Plan.

Each unit converts into one share of Class A common stock upon vesting. Vesting will occur on the earlier of the first anniversary of the grant date or the day immediately before Dolby’s 2027 annual stockholders’ meeting, if he continues serving on the board. After this grant, he beneficially owns 13,015 Class A shares, including the unvested units, which are subject to forfeiture until they vest.

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

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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^*

Prophet Tony A

(Last) (First) (Middle)

C/O DOLBY LABORATORIES, INC.

1275 MARKET STREET

(Street)

SAN FRANCISCO CA 94103

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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

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

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

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	02/03/2026		A		3,908	A(1)	$0	13,015(2)	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 3,908 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting, which will occur on the earlier of (i) the first anniversary of the date of grant or (ii) the date immediately preceding the date of Issuer's 2027 annual meeting of stockholders, provided that, in either case, the Reporting Person continues to serve as a member of the Issuer's board of directors on such date.

2. Shares held following the reported transactions include 3,908 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 Tony Prophet	02/05/2026
	** 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).
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FAQ

What insider transaction did Dolby Laboratories (DLB) report for Tony A. Prophet?

Dolby Laboratories reported that director Tony A. Prophet received 3,908 restricted stock units of Class A common stock. The award was granted under Dolby’s 2020 Stock Plan and represents additional equity-based compensation tied to his continued service on the board of directors.

When do Tony A. Prophet’s new Dolby (DLB) restricted stock units vest?

The 3,908 restricted stock units vest on the earlier of the first anniversary of the 02/03/2026 grant date or the day immediately before Dolby’s 2027 annual stockholders’ meeting, provided Prophet continues serving as a member of the board through that vesting date.

How many Dolby (DLB) shares does Tony A. Prophet beneficially own after this Form 4?

After the reported grant, Tony A. Prophet beneficially owns 13,015 shares of Dolby Class A common stock. This total includes 3,908 shares underlying restricted stock units that have not yet vested and remain subject to forfeiture until vesting conditions are met.

What type of securities did Tony A. Prophet receive from Dolby (DLB)?

Tony A. Prophet received restricted stock units tied to Dolby’s Class A common stock. Each restricted stock unit represents a contingent right to receive one Class A share, subject to vesting based on time and his continued service on Dolby’s board of directors.

Was there any cash consideration in Tony A. Prophet’s Dolby (DLB) equity grant?

The Form 4 shows the 3,908 restricted stock units were granted at a price of $0 per unit. This indicates the award was a non-cash equity grant under Dolby’s 2020 Stock Plan rather than a purchase of shares in the open market.

Are Tony A. Prophet’s newly granted Dolby (DLB) restricted stock units subject to forfeiture?

Yes. The filing notes that shares held after the transaction include 3,908 shares underlying restricted stock units. These units are subject to forfeiture until they vest, meaning Prophet must satisfy the continued service conditions for the shares to be fully earned.