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Dolby Laboratories: Trust transfers 24.1M Class B shares

The transfer was for tax and estate planning and involved no funds or other consideration.

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Form Type
4

Rhea-AI Filing Summary

For Dolby Laboratories, Inc. (DLB), the Marital Trust transferred 24,108,162 shares of Class B Common Stock to the Dagmar Dolby Trust on October 2, 2026. The transfer was made solely for tax and estate planning, for no value and without payment or receipt of funds or other consideration. Class B shares are convertible at no cost into Class A shares on a 1-for-1 basis at the holder’s election.

Insider Dolby Dagmar, DAGMAR DOLBY TRUST UNDER DOLBY FAMILY TRUST INSTRUMENT DATED MAY 7, 1999, MARITAL TRUST UNDER DOLBY FAMILY TRUST DATED MAY 7, 1999
Role 10% Owner | 10% Owner | 10% Owner
Type Security Shares Price Value
Gift Class B Common Stock F1, F2, F3 24,108,162 $0.00 $0.00
Gift Class B Common Stock F1, F2, F4 24,108,162 $0.00 $0.00
holding Class B Common Stock F1, F5 -- -- --
holding Class B Common Stock F1, F6 -- -- --
holding Class B Common Stock F1, F7 -- -- --
holding Class B Common Stock F1, F8 -- -- --
holding Class B Common Stock F1, F9 -- -- --
holding Class B Common Stock F1, F10 -- -- --
holding Class B Common Stock F1, F11 -- -- --
holding Class B Common Stock F1, F12 -- -- --
Holdings After Transaction: Class B Common Stock — 28,480,279 contracts (Indirect, By a trust); Class B Common Stock — 4,027,454 contracts (Indirect, By Trust); Class B Common Stock — 1,390,000 contracts (Indirect, By LLC)
Footnotes (12)
  1. F1. 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.
  2. F2. On October 2, 2026, the Marital Trust (as defined below) transferred 24,108,162 shares of Class B Common Stock to the Dagmar Dolby Trust (as defined below). Such share transfer 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, the share transfer would be exempt from the reporting requirements of Section 16(a) and the provisions of Section 16(b) of the Act. The reporting persons are voluntarily reporting the share transfer on this Form 4.
  3. F3. Reflects shares of Class B 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. This report is filed jointly by Dagmar Dolby and the Marital 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.
  4. F4. 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.
  5. 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.
  6. 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, 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.
  7. 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.
  8. F8. 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
  9. 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 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.
  10. 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 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.
  11. F11. 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-2, dated August 25, 2026 (the "Dagmar Dolby 2026 Trust AA-2"), voting power over which is held by David E. Dolby as Special Trustee of the Dagmar Dolby 2026 Trust AA-2. This report is filed by Dagmar Dolby with respect to the securities held by the Dagmar Dolby 2026 Trust AA-2. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
  12. F12. 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 BB, dated August 25, 2026 (the "Dagmar Dolby 2026 Trust BB"), voting power over which is held by David E. Dolby as Special Trustee of the Dagmar Dolby 2026 Trust BB. This report is filed by Dagmar Dolby with respect to the securities held by the Dagmar Dolby 2026 Trust BB. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
Class B shares transferred 24,108,162 shares Transferred to the Dagmar Dolby Trust on October 2, 2026.
Transfer date October 2, 2026 Date of the trust transfer.
Class B-to-Class A conversion ratio 1-for-1 Class B shares are convertible into Class A shares at the holder’s election.
indirect beneficial ownership financial
"a change in form of indirect beneficial ownership only"
pecuniary interest financial
"except to the extent of her pecuniary interest therein"
Special Trustee regulatory
"David E. Dolby as Special Trustee of the Marital Trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many DLB shares were transferred between the trusts?

The Marital Trust transferred 24,108,162 shares of Class B Common Stock to the Dagmar Dolby Trust on October 2, 2026. The transfer was for tax and estate planning and involved no funds or other consideration.

Can Dolby Class B shares be converted into Class A shares?

Yes. Class B Common Stock is convertible at no cost on a 1-for-1 basis into Class A Common Stock at any time at the holder’s election.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dolby Dagmar

(Last)(First)(Middle)
C/O DOLBY LABORATORIES, INC.
1275 MARKET STREET

(Street)
SAN FRANCISCO CALIFORNIA 94103

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Dolby Laboratories, Inc. [ DLB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
10/02/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock(1)10/02/2026G(2)V24,108,162 (1) (1)Class A Common Stock24,108,162$00IBy a trust(3)
Class B Common Stock(1)10/02/2026G(2)V24,108,162 (1) (1)Class A Common Stock24,108,162$028,480,279IBy a trust(4)
Class B Common Stock(1) (1) (1)Class A Common Stock(1)160,592IBy Trust(5)
Class B Common Stock(1) (1) (1)Class A Common Stock(1)463,262IBy Trust(6)
Class B Common Stock(1) (1) (1)Class A Common Stock(1)403,600IBy Trust(7)
Class B Common Stock(1) (1) (1)Class A Common Stock(1)1,040,000IBy LLC(8)
Class B Common Stock(1) (1) (1)Class A Common Stock(1)350,000IBy LLC(9)
Class B Common Stock(1) (1) (1)Class A Common Stock(1)1,000,000IBy Trust(10)
Class B Common Stock(1) (1) (1)Class A Common Stock(1)1,000,000IBy Trust(11)
Class B Common Stock(1) (1) (1)Class A Common Stock(1)1,000,000IBy Trust(12)
1. Name and Address of Reporting Person*
Dolby Dagmar

(Last)(First)(Middle)
C/O DOLBY LABORATORIES, INC.
1275 MARKET STREET

(Street)
SAN FRANCISCO CALIFORNIA 94103

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
DAGMAR DOLBY TRUST UNDER DOLBY FAMILY TRUST INSTRUMENT DATED MAY 7, 1999

(Last)(First)(Middle)
C/O DOLBY LABORATORIES, INC.
1275 MARKET STREET

(Street)
SAN FRANCISCO CALIFORNIA 94103

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
MARITAL TRUST UNDER DOLBY FAMILY TRUST DATED MAY 7, 1999

(Last)(First)(Middle)
C/O DOLBY LABORATORIES, INC.
1275 MARKET STREET

(Street)
SAN FRANCISCO CALIFORNIA 94103

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. 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.
2. On October 2, 2026, the Marital Trust (as defined below) transferred 24,108,162 shares of Class B Common Stock to the Dagmar Dolby Trust (as defined below). Such share transfer 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, the share transfer would be exempt from the reporting requirements of Section 16(a) and the provisions of Section 16(b) of the Act. The reporting persons are voluntarily reporting the share transfer on this Form 4.
3. Reflects shares of Class B 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. This report is filed jointly by Dagmar Dolby and the Marital 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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
9. 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.
10. 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.
11. 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-2, dated August 25, 2026 (the "Dagmar Dolby 2026 Trust AA-2"), voting power over which is held by David E. Dolby as Special Trustee of the Dagmar Dolby 2026 Trust AA-2. This report is filed by Dagmar Dolby with respect to the securities held by the Dagmar Dolby 2026 Trust AA-2. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
12. 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 BB, dated August 25, 2026 (the "Dagmar Dolby 2026 Trust BB"), voting power over which is held by David E. Dolby as Special Trustee of the Dagmar Dolby 2026 Trust BB. This report is filed by Dagmar Dolby with respect to the securities held by the Dagmar Dolby 2026 Trust BB. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
/s/ Daniel Rodriguez, Attorney-in-Fact10/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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