Form 4: Dolby Laboratories SVP, Shriram Revankar, Reports Stock Transaction

Shriram Revankar, SVP at Dolby Laboratories, reports a transaction involving Class A Common Stock related to tax withholding on vested restricted stock units.

Summary

• Shriram Revankar, a Senior Vice President at Dolby Laboratories, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On May 16, 2025, 4,329 shares of Class A Common Stock were disposed of at a price of $77.24 per share to cover withholding taxes related to the vesting of restricted stock units.
• Following the transaction, Revankar directly owns 77,435 shares of Class A Common Stock.
• This includes 47,766 shares underlying restricted stock units that are subject to vesting and 351 shares acquired under the Employee Stock Purchase Plan on May 15, 2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard practice of covering taxes related to vesting equity.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is related to tax obligations of an executive.

Key Dates

Keywords

Form 4, Dolby Laboratories, Shriram Revankar, Stock Transaction, Beneficial Ownership, Class A Common Stock, Restricted Stock Units, Employee Stock Purchase Plan, Tax Withholding