Todd Pendleton (SVP, CMO) sells 11,876 DLB shares at $54.55; stock -27.7% from 52-week high, 2 of 2 prior DLB sales were 90-day well-timed.
Todd Pendleton sold 11,876 shares for $647,857.18, reducing his holding by -22.3% to 41,480 shares post-transaction. The sale occurred at $54.55, while the stock currently trades at $55.66 and has declined -27.7% from its 52-week high of $77.00. Within his prior trades at Dolby Laboratories specifically, 2 of 2 prior sells (on 2025-02-19 and 2024-02-28) were well-timed at the 90-day mark, with negative subsequent returns of -3.5% and -2.9% respectively. His cross-ticker track record shows a 100.00% 90-day well-timed rate across 3 prior sells with an average 90-day return of -5.6%, suggesting a pattern of selling ahead of stock declines. The current stock weakness (-12.5% over 30 days, -14.9% over 90 days) and position in the broader 52-week drawdown warrant monitoring of whether this sale represents consistent timing discipline or reflects a shift in his asset-allocation strategy.