Dolby Dagmar 4

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.