DM Individual Aggregator, LLC - Sep 14, 2021 Form 3 Insider Report for Dutch Bros Inc. (BROS)

Role: 10%+ Owner
Signature: /s/ Allison Peth, as Attorney-in-Fact for Travis Boersma, Manager
Stock symbol: BROS
Transactions as of: Sep 14, 2021
Transactions value $: $0
Form type: 3
Date filed: 9/15/2021, 08:43 PM
Next filing: Nov 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BROS	Class A Common Stock						9.82K	Sep 14, 2021	Direct
holding	BROS	Class B Common Stock						27.3M	Sep 14, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BROS	Class A Common Units							Sep 14, 2021	Class A Common Stock	27.3M		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents Class A Common Units of Dutch Mafia, LLC, the operating company of Issuer. Class A Common Units, together with an equal number of shares of Class B Common Stock, neither of which have an expiration, are exchangeable for shares of Class A Common Stock on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Upon such exchange, the associated shares of Class B Common Stock shall be canceled by the Issuer.

Content

Represents Class A Common Units of Dutch Mafia, LLC, the operating company of Issuer. Class A Common Units, together with an equal number of shares of Class B Common Stock, neither of which have an expiration, are exchangeable for shares of Class A Common Stock on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Upon such exchange, the associated shares of Class B Common Stock shall be canceled by the Issuer.