Filing Details

Accession Number:
0001866581-24-000174
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-05-20 15:46:20
Reporting Period:
2024-05-16
Accepted Time:
2024-05-20 15:46:20
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
1883105 Dm Trust Aggregator, Llc Po Box 398
Grants Pass OR 97526
No No 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 Direct
Class A Common Stock Disposition 2024-05-17 54,058 $37.41 1,782,902 No 4 S Direct
Class B Common Stock Disposition 2024-05-16 14,700,075 $0.00 20,607,740 No 4 J Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 J Direct
Footnotes
  1. As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person 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. 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"), DM Trust Aggregator, LLC surrendered and transferred to the Issuer for no consideration 14,700,075 shares of Class B Common Stock. 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