Mark Andrew Sherman - Dec 17, 2021 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Role: EVP, GEN. COUN. & SECRTY
Signature: /s/ Daniel Rodriguez, Attorney-in-Fact for Andy Sherman
Stock symbol: DLB
Transactions as of: Dec 17, 2021
Transactions value $: -$446,807
Form type: 4
Date filed: 12/20/2021, 07:40 PM
Previous filing: Dec 16, 2021
Next filing: Feb 9, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DLB	Class A Common Stock	Tax liability	-$148K	-1.61K	-2.76%	$92.00	56.7K	Dec 17, 2021	Direct	F1, F2
transaction	DLB	Class A Common Stock	Sale	-$150K	-1.66K	-2.93%	$90.17	55K	Dec 17, 2021	Direct	F2
transaction	DLB	Class A Common Stock	Sale	-$149K	-1.64K	-2.98%	$90.69	53.4K	Dec 20, 2021	Direct	F2

Showing 1 to 3 of 3 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In accordance with Rule 16b-3, shares reported as disposed of were withheld by the Issuer and not issued to the reporting person in order to cover withholding taxes incidental to the vesting of restricted stock units.
F2	Shares held following the reported transactions include 35,311 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.

Remarks:

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.