Dolby Dagmar sold DLB

Footnotes

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.; 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.; 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.