Dolby David 4

What Happened

• David Dolby, a director and 10% owner of Dolby Laboratories, was granted 3,908 restricted stock units (RSUs) on 2026-02-03. The grant was reported as an award/acquisition at a $0.00 per-share price (typical for RSU grants), so no cash changed hands at grant.

Key Details

• Transaction date: 2026-02-03; Filing date: 2026-02-05 (filed within the normal two-business-day Form 4 window).
• Award: 3,908 RSUs, reported at $0.00 per unit (code A = award/grant).
• Shares reported after transaction: includes 3,908 shares underlying RSUs that remain subject to forfeiture until they vest.
• Vesting: RSUs vest on the earlier of (i) the first anniversary of the grant date or (ii) the day before Dolby's 2027 annual meeting, provided Mr. Dolby remains a board member on the vesting date (per footnote).
• No indication of a sale, exercise, or tax-withholding in this filing.

Context

• RSUs are a form of deferred compensation: each unit represents a contingent right to one share upon vesting and are not tradable until they vest. Grants are common for directors and executives as compensation and do not by themselves indicate a buy or sell signal. As a 10% owner and board member, this award reflects director compensation rather than an open-market purchase.