Director Anjali Sud receives 3,908 Dolby (NYSE: DLB) RSUs

Rhea-AI Filing Summary

Dolby Laboratories director Anjali Sud reported a grant of 3,908 restricted stock units (RSUs) of Class A common stock on February 3, 2026 at a price of $0. The award was made under Dolby’s 2020 Stock Plan.

Each RSU represents a contingent right to receive one Dolby Class A share that vests on the earlier of the first anniversary of the grant date or the date immediately preceding Dolby’s 2027 annual meeting of stockholders, if she continues serving on the board. After this grant, she beneficially owns 16,079 Class A shares, including 3,908 unvested RSU-based shares 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^*

Sud Anjali

(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	16,079(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. 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.

	/s/ Daniel Rodriguez as Attorney-in-Fact for Anjali Sud	02/05/2026
	** 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) disclose for director Anjali Sud?

Dolby disclosed that director Anjali Sud received 3,908 restricted stock units of Class A common stock on February 3, 2026. The RSUs were granted at a price of $0 per share under Dolby’s 2020 Stock Plan as part of her director compensation.

What are the vesting terms of Anjali Sud’s 3,908 Dolby (DLB) RSUs?

The 3,908 Dolby RSUs vest on the earlier of the first anniversary of the February 3, 2026 grant date or the date immediately preceding Dolby’s 2027 annual stockholders’ meeting. Vesting requires that Anjali Sud continues serving as a member of Dolby’s board on that date.

How many Dolby (DLB) shares does Anjali Sud beneficially own after this Form 4?

After the reported grant, Anjali Sud beneficially owns 16,079 Dolby Class A shares. This total includes 3,908 shares underlying unvested restricted stock units, which are still subject to forfeiture until the vesting conditions are satisfied under the equity award terms.

Are Anjali Sud’s newly reported Dolby (DLB) shares fully vested?

No, the 3,908 newly reported Dolby shares are underlying restricted stock units that are not yet vested. These RSUs remain subject to forfeiture and will only convert into actual Class A shares if the specified vesting and continued board service conditions are met.

Did Anjali Sud pay cash for the 3,908 Dolby (DLB) restricted stock units?

No, Anjali Sud did not pay cash for these RSUs. The Form 4 shows 3,908 Class A restricted stock units acquired at a transaction price of $0 per share, indicating this was a compensatory equity grant rather than an open-market stock purchase.

What plan governs the 3,908 Dolby (DLB) restricted stock units granted to Anjali Sud?

The 3,908 restricted stock units were granted under Dolby Laboratories’ 2020 Stock Plan. This plan sets the terms for director and employee equity awards, including RSUs that convert into Dolby Class A common shares when vesting and continued service conditions are satisfied.