Dolby SVP exercises options, sells 7,667 shares
Dolby Laboratories, Inc. senior vice president of Entertainment John D. Couling reported an option exercise and related share sale.
Rhea-AI Filing Summary
Dolby Laboratories, Inc. senior vice president of Entertainment John D. Couling reported an option exercise and related share sale. On July 1, 2026, he exercised employee stock options to acquire 7,667 shares of Class A common stock at $45.50 per share and sold 7,667 shares in open-market transactions at a weighted average price of $53.2013 per share. After these transactions, he directly holds 118,727 shares of Class A common stock, which the filing notes includes 55,114 shares underlying restricted stock units that remain subject to vesting. The derivative holdings section shows 23,001 employee stock options remaining outstanding following the exercise.
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Insider Trade Summary 10b5-1
Exercise and Sale: 7,667 shares ($59K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Couling John D
Role
SVP, Entertainment
Sold
7,667 shs ($408K)
Approx. gross sale proceeds
$408K
Approx. exercise cost
$349K
Approx. pre-tax spread
$59K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 7,667 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,667 | $45.50 | $349K |
| Sale | Class A Common Stock | 7,667 | $53.2013 | $408K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 23,001 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 $52.96 to $53.50, 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 sold: 7,667 shares
Weighted average sale price: $53.2013 per share
Options exercised: 7,667 shares
+5 more
8 metrics
Shares sold
7,667 shares
Class A common stock sold in open market on July 1, 2026
Weighted average sale price
$53.2013 per share
Open-market sales between $52.96 and $53.50
Options exercised
7,667 shares
Employee stock option exercise for Class A common stock
Option exercise price
$45.50 per share
Employee Stock Option (Right to Buy) strike price
Common shares held after transactions
118,727 shares
Direct Class A common stock holdings following trades
Options remaining after exercise
23,001 options
Employee stock options still outstanding after this exercise
RSU underlying shares included in holding
55,114 shares
Class A shares underlying restricted stock units subject to vesting
Original option grant size
46,000 shares
Total shares covered by the option grant referenced in footnote
Key Terms
Employee Stock Option (Right to Buy), restricted stock units, weighted average sale price, fully vested and exercisable, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)""
restricted stock units financial
"shares include 55,114 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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
fully vested and exercisable financial
"The option exercised in this transation was fully vested and exercisable as of the transaction date."
Class A Common Stock financial
"security_title: "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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Dolby (DLB) executive John D. Couling report?
John D. Couling reported an option exercise and matching share sale involving 7,667 Dolby Class A shares. He exercised employee stock options at $45.50 per share, then sold 7,667 shares in open-market trades at a weighted average price of $53.2013 per share.
What options did John D. Couling exercise in this Dolby (DLB) Form 4?
He exercised employee stock options covering 7,667 shares of Dolby Class A common stock. The options carried an exercise price of $45.50 per share and were part of a larger 46,000-share grant that was fully vested and exercisable as of the transaction date.
What Dolby (DLB) equity awards remain for John D. Couling after this Form 4?
After the option exercise reported, 23,001 employee stock options remain outstanding for John D. Couling. In addition, his 118,727-share holding includes 55,114 shares underlying restricted stock units that are unvested and may be forfeited if vesting conditions are not satisfied.
AI-generated analysis. How Rhea-AI works. Not financial advice.
