Park Robert J 4

What Happened

• Robert J. Park, Chief Financial Officer of Dolby Laboratories (DLB), sold a total of 4,895 shares in open-market transactions on May 12, 2026. The filing reports two lots: 4,504 shares at a weighted average price of $56.62 (proceeds $255,001) and 391 shares at $57.35 (proceeds $22,424), for total cash proceeds of about $277,425. This was a sale (liquidity event), not a purchase or award.

Key Details

• Transaction date: May 12, 2026 (reported on Form 4 filed May 14, 2026). Filing appears timely (within the typical two-business-day reporting window).
• Prices: weighted average reported ($56.62) for the 4,504-share lot and $57.35 for the 391-share lot; footnote says actual sale prices ranged from $56.335 to $57.13 and the reported price is a weighted average (F1).
• Shares sold: 4,504 and 391 (total 4,895).
• Proceeds: ~$255,001 and ~$22,424 (total ~$277,425).
• Shares held after transaction: filing notes that holdings include 48,874 shares of Class A common stock underlying restricted stock units, which remain subject to forfeiture until they vest (F2). The filing does not provide a separate, explicit total common-stock count beyond that note.
• Transaction code: S = Sale (open market). No 10b5-1 plan or tax-withholding code was reported in the provided details.

Context

• Sales by executives are often routine (liquidity, diversification, or tax reasons) and do not by themselves indicate a change in company outlook. Purchases generally carry more informational weight for investors. This report documents an open-market sale by Dolby's CFO and contains footnotes clarifying the price range and outstanding restricted stock units.