Shelley G. Broader - Mar 17, 2022 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Role
Director
Signature
/s/ Joshua Lute, Attorney-in-Fact for Shelley G Broader
Stock symbol
BROS
Transactions as of
Mar 17, 2022
Transactions value $
$0
Form type
4
Date filed
3/18/2022, 04:56 PM
Previous filing
Jan 12, 2022
Next filing
Apr 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BROS Class A Common Options Exercise $0 +1.09K +100% $0.00 2.17K Mar 17, 2022 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
transaction BROS Restricted Stock Units Options Exercise $0 -1.09K -33.34% $0.00 2.17K Mar 17, 2022 Class A Common 1.09K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units represent a contingent right to receive a corresponding number of shares of the Class A Common Stock of the Issuer upon vesting.
F2 The reporting person received an award of restricted stock units with 25% vesting on December 17, 2021 and 25% shall vest every 3 months thereafter until vested in full on September 17, 2022.
F3 If the reporting person's employment is terminated for any reason before an applicable vesting date, all restricted stock units that have not yet vested shall be forfeited without consideration, except in the change of control severance agreement and any other agreements regarding equity vesting between the reporting person and Issuer, which agreements or form agreements are filed with the SEC.