SHERMAN MARK ANDREW 4
4 · Dolby Laboratories, Inc. · Filed Feb 3, 2025
Insider Transaction Report
Form 4
SHERMAN MARK ANDREW
EVP, GEN. COUN. & SECRTY
Transactions
- Exercise/Conversion
Class A Common Stock
2025-01-30$62.32/sh+40,000$2,492,800→ 102,397 total - Sale
Class A Common Stock
2025-01-30$83.00/sh−15,000$1,245,000→ 87,397 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2025-01-30−40,000→ 16,000 totalExercise: $62.32Exp: 2027-12-15→ Class A Common Stock (40,000 underlying) - Sale
Class A Common Stock
2025-01-30$86.00/sh−25,000$2,150,103→ 62,397 total
Footnotes (3)
- [F1]Shares held following the reported transactions include 45,470 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 $86.00 to $86.195, 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 56,000 shares of Class A Common Stock. The option exercised in this transaction was fully vested and exercisable as of the transaction date.