Revankar Shriram 4

What Happened
Revankar Shriram, Senior Vice President, Advanced Technology Group at Dolby Laboratories (DLB), disposed of a total of 7,329 shares in mid‑May 2026 for aggregate proceeds of about $399,375. The filing shows a 3,000‑share open‑market sale at $54.90 on 2026‑05‑15 ($164,700) and a 4,329‑share disposition at $54.21 on 2026‑05‑18 ($234,675). The latter disposition was to satisfy tax withholding obligations tied to vested restricted stock units (RSUs), not an open‑market trade.

Key Details

• Transaction dates & prices:
  • 2026‑05‑15: Sold 3,000 shares at $54.90 ($164,700) — open‑market sale (S).
  • 2026‑05‑18: 4,329 shares disposed at $54.21 ($234,675) — shares withheld for tax withholding/payment (F).
• Total shares sold/disposed: 7,329 shares; total proceeds ≈ $399,375.
• Shares held following transactions: filing footnotes reference shares underlying RSUs — 59,172 and 46,938 shares (these are subject to forfeiture until they vest).
• Other note: 385 shares were acquired under the issuer's Employee Stock Purchase Plan on 2026‑05‑15 (per footnote).
• Notable footnotes:
  • A 10b5‑1 trading plan adopted 2025‑08‑22 covers the sale(s) (footnote F1).
  • The 4,329‑share disposition was withholding of issuer shares to cover taxes on vesting RSUs under Rule 16b‑3 (exempt from Section 16(b)) (footnote F4).
• Filing timeliness: Reported on 2026‑05‑19 for transactions on 2026‑05‑15 and 2026‑05‑18 — appears timely.

Context

• The 3,000‑share transaction was an open‑market sale executed under a pre‑arranged 10b5‑1 plan, which typically schedules trades in advance and is generally treated as routine insider selling.
• The 4,329‑share disposition was a tax‑withholding action tied to RSU vesting (cashless withholding), not an indication of an open‑market sell decision.
• These filings are factual disclosures of insider activity; they do not by themselves indicate the insider’s views on the company’s prospects.