Dolby CMO sells 11,876 shares at $54.55 each

Dolby Laboratories, Inc. SVP and Chief Marketing Officer Todd Pendleton sold Class A Common Stock in an open-market transaction.

Rhea-AI Filing Summary

Dolby Laboratories, Inc. SVP and Chief Marketing Officer Todd Pendleton sold Class A Common Stock in an open-market transaction. On May 22, 2026, he sold 11,876 shares at a weighted average price of $54.5518 per share, in multiple trades priced between $54.315 and $55.08.

Following the sale, Pendleton holds 41,480 shares of Class A common stock directly. According to the footnotes, this post-transaction amount includes shares underlying restricted stock units that remain subject to forfeiture until they vest.

Insights

Equity compensation and insider-trading analyst

Routine open-market sale by Dolby CMO with substantial equity remaining.

The filing shows Dolby’s SVP and Chief Marketing Officer, Todd Pendleton, executed an open-market sale of 11,876 Class A shares at a weighted average of $54.5518 on May 22, 2026. The shares were sold across multiple trades between $54.315 and $55.08.

After the transaction, he continues to hold 41,480 Class A shares, which the footnotes state include shares underlying restricted stock units subject to forfeiture until vesting. This indicates his remaining equity exposure is still meaningful relative to the sale.

The activity reflects a net-sell pattern in this filing, with no derivative exercises or tax-withholding events reported. Subsequent filings may provide additional context if further transactions or RSU vesting events occur.

Insider Trade Summary

Net Seller: 11,876 shares

Net Sell 1 txn

Insider Pendleton Todd

Role SVP, Chief Marketing Officer

Sold 11,876 shs ($648K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	11,876	$54.5518	$648K

Holdings After Transaction: Class A Common Stock — 41,480 shares (Direct)

Footnotes (2)

1. F1. The shares were sold in multiple transactions at prices ranging from $54.315 to $55.08 , 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.
2. F2. Shares held following the reported transaction includes 41,480 shares of Class A common stock 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 did Dolby (DLB) executive Todd Pendleton report in this Form 4?

Todd Pendleton, Dolby’s SVP and Chief Marketing Officer, reported an open-market sale of Class A Common Stock. He sold 11,876 shares on May 22, 2026, and continues to hold 41,480 shares following the transaction, including shares underlying restricted stock units.

How many Dolby (DLB) shares did Todd Pendleton sell and at what price?

Todd Pendleton sold 11,876 shares of Dolby Class A Common Stock in an open-market transaction. The weighted average sale price was $54.5518 per share, with individual trade prices ranging from $54.315 to $55.08 during the reported trading session.

How many Dolby (DLB) shares does Todd Pendleton hold after this transaction?

After the reported sale, Todd Pendleton holds 41,480 shares of Dolby Class A Common Stock. A footnote clarifies this figure includes shares underlying restricted stock units, which remain subject to forfeiture until they vest under the applicable equity award terms.

Was Todd Pendleton’s Dolby (DLB) stock transaction an open-market sale?

Yes. The Form 4 identifies the transaction with code “S” and describes it as an open-market or private sale. A footnote explains the shares were sold in multiple transactions within a price range between $54.315 and $55.08 per Dolby Class A share.

Does Todd Pendleton have remaining equity incentives in Dolby (DLB) after the sale?

Yes. The filing states that the 41,480 shares held following the transaction include Dolby Class A shares underlying restricted stock units. These RSUs are still subject to forfeiture until they vest, indicating ongoing equity-based compensation exposure for the executive.

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

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Accepted by SEC EDGAR 05/27/2026 - 05:10 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^*

Pendleton Todd

(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)
	SVP, Chief Marketing Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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	05/22/2026		S		11,876	D	$54.5518(1)	41,480(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. The shares were sold in multiple transactions at prices ranging from $54.315 to $55.08 , 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.

2. Shares held following the reported transaction includes 41,480 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 Todd Pendleton	05/27/2026
	** 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)