TEVANIAN AVADIS 4
4 · Dolby Laboratories, Inc. · Filed Feb 9, 2023
Insider Transaction Report
Form 4
TEVANIAN AVADIS
Director
Transactions
- Award
Class A Common Stock
2023-02-07+3,296→ 3,296 total - Sale
Class A Common Stock
2023-02-07$83.64/sh−1,392$116,427→ 53,282 total(indirect: By Trust)
Footnotes (2)
- [F1]Award represents a total of 3,296 restricted stock units granted under the terms of the Issuer's 2020 Stock Plan. Each unit represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting, which will occur on the earlier of (i) the first anniversary of the date of grant or (ii) the date immediately preceding the date of Issuer's 2024 annual meeting of stockholders, provided that, in either case, the Reporting Person continues to serve as a member of the Issuer's board of directors on such date.
- [F2]Shares held following the reported transactions include 3,296 restricted stock units, which are subject to forfeiture until they vest.