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Filing Details

Accession Number:: 0001866581-25-000162
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-05-21 11:18:52
Reporting Period:: 2025-05-19

Filing Date:: 2025-05-21
Accepted Time:: 2025-05-21 11:18:52
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. Po Box 1929 Grants Pass OR 97528	Executive Chairman Of Board	Yes	Yes	Yes	No

Transaction Summary

Sold:	1,236,521 shares	Avg. Price: $69.86	Total Value: $86,389,072.83
Number of Shares After Transactions:	2,218,611 shares

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2025-05-20	244,931	$67.57	4,375,037	No	4	S	Indirect	By DM Trust Aggregator, LLC
Class A Common Stock	Disposition	2025-05-20	295,454	$68.73	4,079,583	No	4	S	Indirect	By DM Trust Aggregator, LLC
Class A Common Stock	Disposition	2025-05-20	4,756	$69.61	4,074,827	No	4	S	Indirect	By DM Trust Aggregator, LLC
Class A Common Stock	Disposition	2025-05-20	4,532	$71.25	4,070,295	No	4	S	Indirect	By DM Trust Aggregator, LLC
Class A Common Stock	Disposition	2025-05-19	466,406	$71.90	2,439,053	No	4	S	Indirect	By DM Individual Aggregator, LLC
Class A Common Stock	Disposition	2025-05-19	65,120	$72.84	2,373,933	No	4	S	Indirect	By DM Individual Aggregator, LLC
Class A Common Stock	Disposition	2025-05-20	69,211	$67.57	2,304,722	No	4	S	Indirect	By DM Individual Aggregator, LLC
Class A Common Stock	Disposition	2025-05-20	83,487	$68.73	2,221,235	No	4	S	Indirect	By DM Individual Aggregator, LLC
Class A Common Stock	Disposition	2025-05-20	1,344	$69.61	2,219,891	No	4	S	Indirect	By DM Individual Aggregator, LLC
Class A Common Stock	Disposition	2025-05-20	1,280	$71.25	2,218,611	No	4	S	Indirect	By DM Individual Aggregator, 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 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	S	Indirect	By DM Individual Aggregator, LLC
No	4	S	Indirect	By DM Individual Aggregator, LLC
No	4	S	Indirect	By DM Individual Aggregator, LLC
No	4	S	Indirect	By DM Individual Aggregator, LLC

Footnotes

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 November 22, 2024.
Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $67.1500 to $68.1400 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.
The Reporting Person is the manager of DM Trust Aggregator, LLC and DM Individual Aggregator, LLC (the "DM Trusts"). Multiple members hold ownership interests in the DM Trusts, including the Reporting Person. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, if any, and the inclusion of the reported securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or any other purpose.
Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $68.1500 to $69.1300 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.
Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $69.1800 to $70.0950 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.
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 November 22, 2024.
Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $71.4100 to $72.3800 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.
Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $72.4300 to $73.2300 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.