Shriram Revankar, Senior Vice President of the Advanced Technology Group at Dolby Laboratories (NASDAQ:DLB), sold 3,000 shares of Class A Common Stock on May 15, 2026. The sale price was $54.90 per share, totaling $164,700.
The transaction was executed under a pre-arranged 10b5-1 trading plan adopted on August 22, 2025. Dolby's stock currently trades near its 52-week low of $53.45, at $53.37 per share. The stock has declined approximately 28% over the past year.
On May 18, 2026, 4,329 shares were disposed to cover withholding taxes, valued at $54.21 each, totaling $234,675. After these transactions, Revankar directly holds 76,274 shares, including 46,938 unvested restricted stock units.
In recent news, Dolby reported fiscal Q2 2026 earnings that beat estimates, with EPS of $1.37 versus $1.33 expected and revenue of $396 million versus $385.8 million expected.
