X0306 4 2021-01-14 0 0001308547 Dolby Laboratories, Inc. DLB 0001200469 YEAMAN KEVIN J C/O DOLBY LABORATORIES, INC. 1275 MARKET STREET SAN FRANCISCO CA 94103 1 1 0 0 President and CEO Employee Stock Option (Right to Buy) 92.08 2021-01-14 5 G 0 E 91597 0.00 D 2030-12-15 Class A Common Stock 91597 0 D Employee Stock Option (Right to Buy) 92.08 2021-01-14 5 G 0 E 91597 0.00 A 2030-12-15 Class A Common Stock 91597 91597 I By the Kevin and Rachel Yeaman Family Trust dated May 14, 2009 Effective January 14, 2021 the Reporting Person transferred this option to a revocable trust for no consideration, for estate planning purposes. This option was granted for a total of 91,597 shares of Class A Common Stock. 1/4 of the total number of shares issuable under the option vests on the first anniversary of December 15, 2020, the vesting commencement date, and the balance of the shares in equal monthly installments over the next 36 months thereafter. /s/ Daniel Rodriguez, as Attorney-in-Fact for Kevin Yeaman 2021-01-19