Dolby Laboratories (DLB) insider trust converts and gifts 380,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dolby Laboratories, Inc. insider trust reports share conversion and charitable gift. On February 11, 2026, the Dagmar Dolby Trust converted 380,000 shares of Class B Common Stock into 380,000 shares of Class A Common Stock at no cost to the holder. Immediately afterward, the trust made a bona fide gift of all 380,000 Class A shares to an unaffiliated charitable organization, leaving that trust with no Class A shares from this transaction. The filing also lists large remaining indirect holdings of convertible Class B Common Stock across several Dolby family trusts and LLCs, all of which are convertible into Class A on a 1‑for‑1 basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
380,000 shares exercised/converted
Mixed
9 txns
Insider
Dolby Dagmar, DAGMAR DOLBY TRUST UNDER DOLBY FAMILY TRUST INSTRUMENT DATED MAY 7, 1999
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 380,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 380,000 | $0.00 | -- |
| Gift | Class A Common Stock | 380,000 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 7,682,117 shares (Indirect, By Trust);
Class A Common Stock — 380,000 shares (Indirect, By Trust)
Footnotes (1)
- 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. 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. 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. 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. 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. 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. 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. 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. 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 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.
FAQ
What insider transaction did the Dagmar Dolby Trust report in Dolby Laboratories (DLB)?
The Dagmar Dolby Trust reported converting 380,000 Class B shares into 380,000 Class A shares, then gifting all 380,000 Class A shares to an unaffiliated charitable organization. The transactions were recorded at a conversion and transfer price of $0 per share.
Was the Dolby Laboratories (DLB) insider transaction a sale or a gift?
The reported Dolby Laboratories transaction was a bona fide gift, not a sale. After converting 380,000 Class B shares into Class A, the Dagmar Dolby Trust gifted all 380,000 Class A shares to an unaffiliated charitable organization, with no sale proceeds reported in this filing.
What is the relationship of Dagmar Dolby and her trust to Dolby Laboratories (DLB)?
Dagmar Dolby and the Dagmar Dolby Trust are reported as 10% owners of Dolby Laboratories. The filing describes multiple trusts and LLCs holding Class B shares convertible into Class A, with Dagmar Dolby serving as trustee or manager and often sharing or delegating voting authority.