Dolby Dagmar 4
4 · Dolby Laboratories, Inc. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Dolby (DLB) 10% Owner Dagmar Dolby Converts and Gifts 380,000 Shares
What happened Dagmar Dolby, reported as a 10% owner of Dolby Laboratories (DLB), converted 380,000 shares of Class B common stock into 380,000 shares of Class A common stock on February 11, 2026 (conversion at no cost), and immediately gifted those 380,000 Class A shares to an unaffiliated charitable organization. The reported price per share was $0.00 and no cash changed hands — this was a conversion plus a charitable gift, not an open‑market sale.
Key details
- Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (filed within the standard 2‑business‑day window).
- Actions reported: C = Conversion of derivative security (Class B → Class A) of 380,000 shares; G = Gift of 380,000 Class A shares to charity. Report also lists a derivative conversion entry (C) showing disposal (consistent with the conversion/gift).
- Price/value: $0.00 per share; total proceeds reported = $0.
- Ownership/vehicle notes: Shares were held through trusts and LLCs (e.g., Dagmar Dolby Trust, Dolby Holdings III, etc.). Footnotes state Class B shares are convertible 1-for-1 into Class A at no cost (F1, F4) and that the reporting person disclaims beneficial ownership except to the extent of pecuniary interest (F2–F10).
- Regulatory notes: The conversion is reported as exempt under Rule 16b‑6(b); the gift is exempt under Rule 16b‑5 (per the filing).
Context Conversions of Class B to Class A at no cost are an administrative/ownership-structure action; the subsequent gift is a charitable disposition and does not reflect a cash sale or necessarily indicate market sentiment. Because the shares were transferred to charity, this is a disposition for reporting purposes but not a sale that generated proceeds. As a 10% owner reporting through trusts and LLCs, Dagmar Dolby’s transactions are institutional/ownership-structure moves rather than routine executive trading.
Insider Transaction Report
Form 4
Dolby Dagmar
10% Owner
Transactions
- Conversion
Class A Common Stock
[F1][F2][F3]2026-02-11+380,000→ 380,000 total(indirect: By Trust) - Gift
Class A Common Stock
[F2][F3]2026-02-11−380,000→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
[F4][F2][F3]2026-02-11−380,000→ 7,682,117 total(indirect: By Trust)→ Class A Common Stock (380,000 underlying)
Holdings
- 160,592(indirect: By Trust)
Class B Common Stock
[F4][F5]→ Class A Common Stock - 463,262(indirect: By Trust)
Class B Common Stock
[F4][F6]→ Class A Common Stock - 403,600(indirect: By Trust)
Class B Common Stock
[F4][F7]→ Class A Common Stock - 24,108,162(indirect: By Trust)
Class B Common Stock
[F4][F8]→ Class A Common Stock - 1,040,000(indirect: By LLC)
Class B Common Stock
[F4][F9]→ Class A Common Stock - 350,000(indirect: By LLC)
Class B Common Stock
[F4][F10]→ Class A Common Stock
Footnotes (10)
- [F1]Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock at the election of, and at no cost to, the reporting person.
- [F10]Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dolby Holdings III LLC, a limited liability company ("Dolby Holdings III"), investment power over which is held by Dagmar Dolby, the manager of Dolby Holdings III, and voting power over which is held by David E. Dolby, the Special Manager of Dolby Holdings III. This report is filed by Dagmar Dolby with respect to the securities held by Dolby Holdings III. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- [F2]On February 11, 2026, the Dagmar Dolby Trust (as defined below) converted 380,000 shares of Class B Common Stock into a like number of shares of Class A Common Stock and gifted all such shares of Class A Common Stock to an unaffiliated charitable organization. The conversion transactions are exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. The gift transaction is exempt from Section 16(b) by virtue of Rule 16b-5 promulgated under the Act.
- [F3]Reflects shares of Class B Common Stock (as converted or convertible, as applicable, into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Dagmar Dolby Trust under the Dolby Family Trust instrument, dated May 7, 1999 (the "Dagmar Dolby Trust"), voting power of which is shared by the Trustee and David E. Dolby as Special Trustee of the Dagmar Dolby Trust. This report is filed jointly by Dagmar Dolby and the Dagmar Dolby Trust with respect to the securities held and transactions effected by the Dagmar Dolby Trust. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- [F4]Shares of Class B Common Stock are convertible, at no cost, at any time at the election of the holder into shares of Class A Common Stock on a 1-for-1 basis.
- [F5]Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby 2002 Trust A, dated April 19, 2002 (the "Ray Dolby 2002 Trust A"), voting power of which is held by Thomas E. Dolby, son of Dagmar Dolby, as Special Trustee of the Ray Dolby 2002 Trust A. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- [F6]Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Ray Dolby 2002 Trust B, dated April 19, 2002 (the "Ray Dolby 2002 Trust B"), voting power of which is held by David E. Dolby, son of Dagmar Dolby, as Special Trustee of the Ray Dolby 2002 Trust B. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- [F7]Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Dagmar Dolby 2016 Trust B, dated March 23, 2016 (the "Dagmar Dolby 2016 Trust B"), voting power of which is held by David E. Dolby as Special Trustee of the Dagmar Dolby 2016 Trust B. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- [F8]Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dagmar Dolby as the Trustee of the Marital Trust under the Dolby Family Trust instrument, dated May 7, 1999 (the "Marital Trust"), voting power of which is shared by the Trustee and David E. Dolby as Special Trustee of the Marital Trust. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
- [F9]Reflects shares of Class B Common Stock (convertible into a like number of shares of Class A Common Stock) held of record by Dolby Holdings II LLC, a limited liability company ("Dolby Holdings II"), investment power over which is held by Dagmar Dolby, manager of Dolby Holdings II, and voting power over which is held by (i) Thomas E. Dolby, a Special Manager of Dolby Holdings II, with respect to 50% of such shares, and (ii) David E. Dolby, a Special Manager of Dolby Holdings II, with respect to 50% of such shares. This report is filed by Dagmar Dolby with respect to the securities held by Dolby Holdings II. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein
Signature
/s/ Daniel Rodriguez, Attorney-in-Fact|2026-02-13