Dolby (NYSE: DLB) VP sells 2,667 shares after option exercise

Rhea-AI Filing Summary

Dolby Laboratories executive Ryan Nicholson, VP, CAO and Corporate Controller, reported an option exercise and share sale. On 02/13/2026 he exercised an employee stock option for 2,667 shares of Class A common stock at an exercise price of $45.50 per share, converting the derivative into common stock.

That same day, he sold 2,667 Class A shares in open-market transactions at a weighted average price of $66.3752 per share, in trades ranging from $66.37 to $66.39. After these transactions, he directly owns 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

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^*

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)
02/13/2026

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	02/13/2026		M		2,667	A	$45.5	39,623(1)	D
Class A Common Stock	02/13/2026		S		2,667	D	$66.3752(2)	36,956(1)	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
Employee Stock Option (Right to Buy)	$45.5	02/13/2026		M			2,667	(3)	12/15/2026	Class A Common Stock	2,667	$0	0	D

Explanation of Responses:

1. 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.

2. The shares were sold in multiple transactions at prices ranging from $66.37 to $66.39, 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.

3. This option was granted for a total of 2,667 shares of Class A Common Stock. The option exercised in this transation was fully vested and exercisable as of the transaction date.

	/s/ Daniel Rodriguez as Attorney-in-Fact for Ryan Nicholson	02/17/2026
	** 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.

FAQ

What insider transaction did Dolby (DLB) report for Ryan Nicholson?

Dolby (DLB) reported that VP, CAO and Corporate Controller Ryan Nicholson exercised options for 2,667 Class A shares and sold 2,667 shares on 02/13/2026. This combines a derivative option exercise with an open-market sale on the same date.

At what prices did Ryan Nicholson exercise and sell Dolby (DLB) shares?

Ryan Nicholson exercised an employee stock option at an exercise price of $45.50 per share. He then sold 2,667 Class A shares at a weighted average price of $66.3752 per share, with individual sale prices ranging from $66.37 to $66.39.

How many Dolby (DLB) shares does Ryan Nicholson own after the Form 4 transactions?

Following the reported transactions, Ryan Nicholson directly owns 36,956 shares of Dolby Class A common stock. This total includes 19,303 shares underlying restricted stock units that are still subject to forfeiture until they vest according to their award terms.

What type of derivative security did Ryan Nicholson exercise at Dolby (DLB)?

He exercised an employee stock option (right to buy) covering 2,667 shares of Dolby Class A common stock. The option had an exercise price of $45.50 per share and was fully vested and exercisable as of the 02/13/2026 transaction date.

Were Ryan Nicholson’s Dolby (DLB) share sales part of multiple trades?

Yes. The 2,667 Class A shares were sold in multiple transactions at prices ranging from $66.37 to $66.39 per share. The Form 4 reports the weighted average sale price, and detailed trade data is available upon request from the reporting person.