Director Avadis Tevanian receives 3,908 Dolby (NYSE: DLB) RSUs

Rhea-AI Filing Summary

Dolby Laboratories director Avadis Tevanian reported an equity award and updated share holdings. On February 3, 2026, he received 3,908 restricted stock units (RSUs) of Class A common stock at $0 under Dolby’s 2020 Stock Plan.

Each RSU represents one share of Class A common stock and will vest on the earlier of the first anniversary of the grant date or immediately before Dolby’s 2027 annual shareholders’ meeting, contingent on his continued board service. Following this grant, he beneficially owns 3,908 shares directly through these RSUs and 62,670 shares indirectly held by the Avadis Tevanian Jr. and Nancy Tevanian Trust.

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^*

TEVANIAN AVADIS

(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	3,908(2)	D
Class A Common Stock								62,670	I	By trust(3)

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.

3. Avadis Tevanian Jr. and Nancy Tevanian Trust u/a/d May 29 1996

	/s/ Daniel Rodriguez as Attorney-in-Fact for Avadis Tevanian	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Dolby (DLB) director Avadis Tevanian report in this Form 4?

Avadis Tevanian reported receiving 3,908 restricted stock units of Dolby Class A common stock. These units were granted at $0 under the company’s 2020 Stock Plan and updated his direct and indirect beneficial ownership positions, including shares held through a family trust.

How many Dolby (DLB) RSUs were granted to Avadis Tevanian and on what date?

He was granted 3,908 restricted stock units on February 3, 2026. Each unit represents one share of Dolby Class A common stock, contingent on vesting conditions tied to time and continued service on Dolby’s board of directors during the vesting period.

When do Avadis Tevanian’s new Dolby (DLB) restricted stock units vest?

The RSUs vest on the earlier of the first anniversary of the grant date or immediately before Dolby’s 2027 annual stockholders’ meeting. Vesting requires that Tevanian continue serving as a member of Dolby’s board of directors through the applicable vesting date.

What is Avadis Tevanian’s Dolby (DLB) share ownership after this Form 4?

After the reported transactions, he beneficially owns 3,908 Dolby Class A shares directly through restricted stock units and 62,670 shares indirectly. The indirect holdings are owned by the Avadis Tevanian Jr. and Nancy Tevanian Trust established on May 29, 1996.

Are Avadis Tevanian’s new Dolby (DLB) RSUs immediately transferable or at risk of forfeiture?

The 3,908 RSUs are subject to forfeiture until they vest. They represent a contingent right to receive Dolby Class A common shares, meaning Tevanian must satisfy the continued board service conditions for the units to convert into fully owned shares.