Large holders report over 10% Dolby (NYSE: DLB) stake in 13G/A

Rhea-AI Filing Summary

Morgan Stanley, Atlanta Capital Management, and Eaton Vance Atlanta Capital SMID-Cap Fund filed an amended Schedule 13G reporting significant holdings of Dolby Laboratories, Inc. Class A common stock.

Morgan Stanley reports beneficial ownership of 6,192,241 shares, or 10.2% of the class. Atlanta Capital reports 5,226,244 shares, or 8.6%, and the Eaton Vance Atlanta Capital SMID-Cap Fund reports 3,965,479 shares, or 6.5%. The filers state the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Dolby.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Dolby Laboratories, Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

25659T107

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 25659T107

1

Names of Reporting Persons

Morgan Stanley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,343,013.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,950,828.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,192,241.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.2 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. 25659T107

1

Names of Reporting Persons

Atlanta Capital Management Company, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,728,963.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,996,044.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,226,244.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.6 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

CUSIP No. 25659T107

1

Names of Reporting Persons

Eaton Vance Atlanta Capital SMID-Cap Fund

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,965,479.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,965,479.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,965,479.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

IV

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Dolby Laboratories, Inc.
(b)	Address of issuer's principal executive offices: 1275 MARKET STREET, SAN FRANCISCO, CA, 94103
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Atlanta Capital Management Company, LLC 3: Eaton Vance Atlanta Capital SMID-Cap Fund
(b)	Address or principal business office or, if none, residence: 1: 1585 Broadway, New York, NY 10036 ;2: 1075 Peachtree Street, Suite 2100, Atlanta, GA 30309 ;3: One Post Office Square Boston, MA 02109
(c)	Citizenship: 1: Delaware 2: Delaware 3: Massachusetts
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: 25659T107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 10.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.2
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morgan Stanley

Signature:	Chris O'Hara
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	02/11/2026

Atlanta Capital Management Company, LLC

Signature:	Kelly Williams
Name/Title:	Authorized Signatory, Atlanta Capital Management Company, LLC
Date:	02/11/2026

Eaton Vance Atlanta Capital SMID-Cap Fund

Signature:	Kelly Williams
Name/Title:	Authorized Signatory, Eaton Vance Atlanta Capital SMID-Cap Fund
Date:	02/11/2026

Exhibit Information

EXHIBIT NO. EXHIBITS ------------------ ------------------------------------ 99.1 Joint Filing Agreement 99.2 Item 7 Information * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).

FAQ

What did Morgan Stanley disclose about its Dolby (DLB) ownership?

Morgan Stanley disclosed beneficial ownership of 6,192,241 Dolby Class A shares, representing 10.2% of the class, as of the 12/31/2025 event date. All voting and dispositive powers are reported as shared rather than sole, and the position is held in the ordinary course of business.

How much Dolby (DLB) stock does Atlanta Capital Management hold?

Atlanta Capital Management reported beneficial ownership of 5,226,244 Dolby Class A shares, equal to 8.6% of the class. These shares are reported with shared voting power over 4,728,963 shares and shared dispositive power over 4,996,044 shares, with no sole voting or dispositive authority.

What stake does Eaton Vance Atlanta Capital SMID-Cap Fund report in Dolby (DLB)?

Eaton Vance Atlanta Capital SMID-Cap Fund reports beneficial ownership of 3,965,479 Dolby Class A shares, representing 6.5% of the class. The fund reports 0 sole voting or dispositive power and shared voting and dispositive power over all 3,965,479 shares listed in the filing.

Are the Dolby (DLB) shares held to influence control of the company?

The reporting persons state the Dolby securities were acquired and are held in the ordinary course of business. They specifically certify they were not acquired and are not held for the purpose, or with the effect, of changing or influencing control of Dolby Laboratories.

What type of filing is this Dolby (DLB) ownership disclosure?

This disclosure is an amended Schedule 13G/A, labeled Amendment No. 4, for Dolby Laboratories Class A common stock. It reports beneficial ownership positions as of the 12/31/2025 event date and is signed by authorized signatories for Morgan Stanley, Atlanta Capital, and the Eaton Vance fund.

Which entities are joint filers on the Dolby (DLB) Schedule 13G/A?

The joint filers are Morgan Stanley, Atlanta Capital Management Company, LLC, and Eaton Vance Atlanta Capital SMID-Cap Fund. A Joint Filing Agreement is listed as Exhibit 99.1, and additional Item 7 subsidiary information is referenced in Exhibit 99.2 attached to the statement.