Joth Ricci - Feb 1, 2023 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Signature
/s/ Joshua Lute, Attorney-in-Fact for Jonathan (Joth) Ricci
Stock symbol
BROS
Transactions as of
Feb 1, 2023
Transactions value $
-$6,004,382
Form type
4
Date filed
2/2/2023, 07:34 PM
Previous filing
Aug 16, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BROS Class A Common Stock Sale -$2.49M -67.8K -3.06% $36.67 2.15M Feb 1, 2023 Direct F1, F2, F3
transaction BROS Class A Common Stock Sale -$1.34M -35.8K -1.67% $37.51 2.11M Feb 1, 2023 Direct F1, F4
transaction BROS Class A Common Stock Sale -$2.17M -56.4K -2.67% $38.57 2.06M Feb 1, 2023 Direct F1, F5
holding BROS Class A Common Stock 238K Feb 1, 2023 By Ricci Family 2022 Charitable Lead Annuity Trust F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 7, 2022.
F2 The price reported is the weighted average price. These shares were sold in multiple transactions at prices ranging from $36.23 to $37.22, inclusive. The reporting person undertakes to provide to Dutch Bros Inc., any security holders of Dutch Bros Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F3 Excludes 237,530 shares previously owned directly which were contributed to the Ricci Family 2022 Charitable Lead Annuity Trust on October 31, 2022.
F4 The price reported is the weighted average price. These shares were sold in multiple transactions at prices ranging from $37.23 to $38.21, inclusive. The reporting person undertakes to provide to Dutch Bros Inc., any security holders of Dutch Bros Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F5 The price reported is the weighted average price. These shares were sold in multiple transactions at prices ranging from $38.23 to $39.12, inclusive. The reporting person undertakes to provide to Dutch Bros Inc., any security holders of Dutch Bros Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F6 Held by the Ricci Family 2022 Charitable Lead Annuity Trust, of which the reporting person is a trustee.