Pendleton Todd 4

What Happened Todd Pendleton, SVP and Chief Marketing Officer of Dolby Laboratories (DLB), sold 11,876 shares of Class A common stock in an open-market disposition on May 22, 2026. The weighted-average sale price was $54.55 per share, for total proceeds of approximately $647,857. This was a sale (not a purchase), which is often routine insider selling and does not, by itself, indicate a change in company outlook.

Key Details

• Transaction date: May 22, 2026 (reported on Form 4 filed May 27, 2026).
• Sale type/code: S (open market or private sale).
• Shares sold: 11,876 shares; weighted-average price $54.55; total proceeds ≈ $647,857.
• Price range: transactions occurred at prices between $54.315 and $55.08; the $54.55 figure is the weighted-average price (reporting person can provide per-transaction breakdown on request). (Footnote F1)
• Shares held after the transaction: reported holdings include 41,480 shares underlying restricted stock units (RSUs) that remain subject to forfeiture until they vest. (Footnote F2)
• No indication in this filing of option exercises, gifts, or a 10b5-1 plan; this was a straightforward sale.

Context This filing reports a direct sale of company stock by a named executive. Sales like this are common for cashing proceeds, tax planning, or diversification and should be interpreted cautiously—sales alone are not proof of negative insider sentiment. The RSUs remaining in Pendleton’s holdings are restricted and may vest later, which is separate from this open-market sale.