Dolby Laboratories (DLB) officer reports RSU grant and tax share withholding

Rhea-AI Filing Summary

Dolby Laboratories executive Ryan Nicholson reported new equity awards and related share-withholding transactions. On December 15, 2025, he received an award of 9,032 restricted stock units under the company’s 2020 Stock Plan at a stated price of $0. One quarter of these units will vest on each anniversary of December 15, 2025, with each unit converting into one share of Class A common stock when it vests.

Also on December 15, 2025 and December 16, 2025, the company withheld 1,535 and 649 shares, respectively, at prices of $67.54 and $66.62 to cover taxes due upon vesting, in transactions exempt under Rule 16b-3. After these moves, Nicholson directly holds 36,956 Class A shares, including 19,303 shares underlying restricted stock units that remain 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^*

Nicholson Ryan

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, CAO and Corp. Controller

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		A		9,032	A(1)	$0	39,140(2)(3)	D
Class A Common Stock	12/15/2025		F(4)		1,535	D	$67.54	37,605(5)	D
Class A Common Stock	12/16/2025		F(4)		649	D	$66.62	36,956(6)	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 9,032 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Under the terms of the restricted stock unit grant agreement, 1/4 of the total number of units shall vest on each anniversary of December 15, 2025. 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 25,470 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

3. Shares include 313 and 37 shares acquired under the Issuer's Employee Stock Purchase Plan on May 15, 2025 and November 17, 2025, respectively.

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 21,135 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

6. Shares held following the reported transactions include 19,303 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

	/s/ Daniel Rodriguez, Attorney-in-Fact for Ryan Nicholson	12/17/2025
	** 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).
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FAQ

What insider transaction did Dolby Laboratories (DLB) report in this Form 4?

The filing reports that Ryan Nicholson, an officer of Dolby Laboratories, received an award of 9,032 restricted stock units of Class A common stock on December 15, 2025, and had shares withheld on two dates to cover taxes related to restricted stock unit vesting.

How many Dolby (DLB) restricted stock units were granted and how do they vest?

The award consists of 9,032 restricted stock units granted under Dolby’s 2020 Stock Plan. Under the grant terms, 1/4 of the total units vests on each anniversary of December 15, 2025, and each unit represents a right to receive one share of Class A common stock upon vesting.

What share withholding transactions did the Dolby (DLB) executive report?

The executive reported that 1,535 shares were withheld on December 15, 2025 at $67.54 per share and 649 shares were withheld on December 16, 2025 at $66.62 per share. According to the notes, these shares were withheld by Dolby to cover taxes related to the vesting of restricted stock units under Rule 16b-3.

How many Dolby (DLB) shares does the reporting person own after these transactions?

Following the reported transactions, the filing shows that the executive directly owns 36,956 shares of Dolby Class A common stock. This total includes 19,303 shares represented by restricted stock units that are still subject to forfeiture until they vest.

What is the reporting person’s role at Dolby Laboratories (DLB)?

The reporting person is identified as an officer of Dolby Laboratories with the title VP, CAO and Corp. Controller.

Are any of the Dolby (DLB) shares in this Form 4 subject to forfeiture?

Yes. The notes state that shares held after the transactions include restricted stock units that are subject to forfeiture until they vest, including 19,303 shares underlying restricted stock units as of the final reported holding.