Dolby Dagmar 4
4 · Dolby Laboratories, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Dolby (DLB) 10% Owner Dagmar Dolby Gifts/Transfers 1,000,000 Shares
What Happened
- Dagmar Dolby, a reported 10% owner of Dolby Laboratories (DLB), effected several non‑cash transactions on February 25, 2026. Key moves: conversion of Class B shares into Class A shares (10,000 shares), a charitable gift of 10,000 Class A shares, and a contribution/transfer of 1,000,000 Class B shares into a newly formed grantor retained annuity trust (Dagmar Dolby 2026 Trust AA). All conversions were 1-for-1 at no cost and all transfers were reported as gifts or tax/estate planning transfers (no cash changed hands).
Key Details
- Transaction date: February 25, 2026 (Form 4 filed Feb 27, 2026).
- Specific line items (all $0 per share because conversions/transfers/gifts):
- Converted 10,000 Class B → 10,000 Class A (acquired via conversion).
- Gifted 10,000 Class A shares to an unaffiliated charitable organization (disposition).
- Contributed/transferred 1,000,000 Class B shares to Dagmar Dolby 2026 Trust AA for estate planning (reported as a gift/transfer for no value).
- Other administrative entries reflect conversion/disposition bookkeeping for the same 10,000-share block.
- Shares after transaction: the filing reports holdings are held of record by various trusts and LLCs (Dagmar Dolby as trustee/manager) and the reporting person disclaims beneficial ownership except to the extent of pecuniary interest; the excerpt does not state a single consolidated post‑transaction total.
- Notable footnotes: Class B shares are convertible 1-for-1 into Class A at no cost (F1, F4). The 1,000,000‑share contribution was a tax/estate planning transfer to a newly formed grantor retained annuity trust and was reported voluntarily though treated as a change in form of indirect ownership (F5, F6). The 10,000‑share charitable gift was exempt under Rule 16b‑5 (F2).
- Timeliness: Form filed two days after the transactions; no late filing flagged in the provided materials.
Context
- These moves are transfers/gifts and conversions for estate planning and charitable purposes — not open‑market buys or sales that signal trading sentiment. Gifts and intra‑family trust transfers are common for tax and estate planning and should not be interpreted as a market valuation judgement by the insider.
- As a reported 10% owner rather than a company executive, these filings reflect changes in record ownership structures (trusts/LLCs) and conversions of convertible class stock rather than routine executive compensation or option exercises.
Insider Transaction Report
Form 4
Dolby Dagmar
10% Owner
Transactions
- Conversion
Class A Common Stock
[F1][F2][F3]2026-02-25+10,000→ 10,000 total(indirect: By Trust) - Gift
Class A Common Stock
[F2][F3]2026-02-25−10,000→ 0 total(indirect: By Trust) - Gift
Class B Common Stock
[F4][F5][F3]2026-02-25−1,000,000→ 6,682,117 total(indirect: By Trust)→ Class A Common Stock (1,000,000 underlying) - Gift
Class B Common Stock
[F4][F5][F6]2026-02-25+1,000,000→ 1,000,000 total(indirect: By Trust)→ Class A Common Stock (1,000,000 underlying) - Conversion
Class B Common Stock
[F4][F2][F3]2026-02-25−10,000→ 6,672,117 total(indirect: By Trust)→ Class A Common Stock (10,000 underlying)
Holdings
- 160,592(indirect: By Trust)
Class B Common Stock
[F4][F7]→ Class A Common Stock - 463,262(indirect: By Trust)
Class B Common Stock
[F4][F8]→ Class A Common Stock - 403,600(indirect: By Trust)
Class B Common Stock
[F4][F9]→ Class A Common Stock - 24,108,162(indirect: By Trust)
Class B Common Stock
[F4][F10]→ Class A Common Stock - 1,040,000(indirect: By LLC)
Class B Common Stock
[F4][F11]→ Class A Common Stock - 350,000(indirect: By LLC)
Class B Common Stock
[F4][F12]→ Class A Common Stock
Footnotes (12)
- [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 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.
- [F11]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
- [F12]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 25, 2025, the Dagmar Dolby Trust (as defined below) converted 10,000 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 gift transaction is exempt from Section 16(b) by virtue of Rule 16b-5 promulgated under the Act.
- [F3]Reflects shares 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, son of Dagmar 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]On February 25, 2026, the Dagmar Dolby Trust contributed 1,000,000 shares of Class B Common Stock to a newly formed grantor retained annuity trust, the Dagmar Dolby 2026 Trust AA (as defined below). Such share contribution was effected solely for tax and estate planning purposes, and was a transfer for no value without the payment or receipt of any funds or other consideration by any reporting person in exchange therefor. As a change in form of indirect beneficial ownership only, applicable rules consider such a share contribution to be exempt from the reporting requirements of Section 16(a) and the provisions of Section 16(b) of the Act, and as a result the reporting persons are voluntarily reporting such share contribution on this Form 4.
- [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 Dagmar Dolby 2026 Trust AA, dated February 25, 2026 (the "Dagmar Dolby 2026 Trust AA"), voting power over which is held by David E. Dolby as Special Trustee of the Dagmar Dolby 2026 Trust AA. This report is filed by Dagmar Dolby with respect to the securities held by the Dagmar Dolby 2026 Trust AA. 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 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.
- [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 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, 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.
- [F9]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.
Signature
/s/ Daniel Rodriguez, Attorney-in-Fact|2026-02-27