Yeaman Kevin J's Form 4 filing
Dolby Laboratories, Inc. (DLB) · filed Jul 13, 2023
- Accession no.
- 0001209191-23-042227
- Filed
- Jul 13, 2023
- Trade date
- Jul 11-13, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 2 derivative transactions. Open-market sales total $4.02M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Yeaman Kevin JCIK 0001200469 | Director, Officer (President and CEO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 11, 2023 | Class A Common Stock | MOption exerciseAcquired | +18,060 | $42.98 | +$776,218.8 | 69,939 | Indirect | |
| Jul 11, 2023 | Class A Common Stock | SSaleDisposed | −18,060 | $87.83F1 | −$1,586,209.8 | 51,879 | Indirect | |
| Jul 13, 2023 | Class A Common Stock | MOption exerciseAcquired | +27,090 | $42.98 | +$1,164,328.2 | 78,969 | Indirect | |
| Jul 13, 2023 | Class A Common Stock | SSaleDisposed | −27,090 | $90.00 | −$2,438,100 | 51,879 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 11, 2023 | Class A Common Stock | MOption exerciseDisposed | −18,060 | $0.00 | $0 | 117,636 | Indirect | |
| Jul 13, 2023 | Class A Common Stock | MOption exerciseDisposed | −27,090 | $0.00 | $0 | 90,546 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The shares were sold in multiple transactions at prices ranging from $87.48 to $88.26. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
Referenced by the price of 1 transaction in Table I.
Remarks
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 28, 2022 which was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) in effect at the time of adoption.