Filing Details

Accession Number:
0001866581-24-000170
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-05-20 15:39:24
Reporting Period:
2024-05-16
Accepted Time:
2024-05-20 15:39:24
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1866581 Dutch Bros Inc. BROS Retail-Eating & Drinking Places (5810) 871041305
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1883154 Travis Boersma C/O Dutch Bros Inc.
110 Sw 4Th Street
Grants Pass OR 97526
Executive Chairman Of Board Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2024-05-17 165,416 $36.79 1,836,960 No 4 S Indirect By DM Trust Aggregator, LLC
Class A Common Stock Disposition 2024-05-17 54,058 $37.41 1,782,902 No 4 S Indirect By DM Trust Aggregator, LLC
Class A Common Stock Disposition 2024-05-17 166,005 $36.79 1,093,270 No 4 S Indirect By DM Individual Aggregator, LLC
Class A Common Stock Disposition 2024-05-17 54,031 $37.41 1,039,239 No 4 S Indirect By DM Individual Aggregator, LLC
Class B Common Stock Disposition 2024-05-16 14,700,075 $0.00 20,607,740 No 4 J Indirect By DM Trust Aggregator, LLC
Class B Common Stock Disposition 2024-05-16 8,041,325 $0.00 14,163,460 No 4 J Indirect By DM Individual Aggregator, LLC
Class B Common Stock Disposition 2024-05-16 258,600 $0.00 455,480 No 4 J Indirect By DMI Holdco LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By DM Trust Aggregator, LLC
No 4 S Indirect By DM Trust Aggregator, LLC
No 4 S Indirect By DM Individual Aggregator, LLC
No 4 S Indirect By DM Individual Aggregator, LLC
No 4 J Indirect By DM Trust Aggregator, LLC
No 4 J Indirect By DM Individual Aggregator, LLC
No 4 J Indirect By DMI Holdco LLC
Footnotes
  1. As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by DM Trust Aggregator, LLC on August 15, 2023.
  2. Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $36.2500 to $37.2400 inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
  3. Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $37.2500 to $37.7600 inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
  4. As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by DM Individual Aggregator, LLC on August 15, 2023.
  5. Pursuant to that certain Share Surrender Agreement, dated May 16, 2024, by and among the Issuer, Dutch Mafia, LLC, DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC (the "Share Surrender Agreement"), each of DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC surrendered and transferred to the Issuer for no consideration 14,700,075, 8,041,325 and 258,600 shares of Class B Common Stock, respectively. Without any further action on the part of the Issuer, all shares of Class B Common Stock surrendered to the Issuer pursuant to the Share Surrender Agreement were automatically cancelled immediately following such surrender.