Blythe Jack - May 16, 2023 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Role
Director
Signature
/s/ Joshua Lute, Attorney-in-Fact for Blythe Jack
Stock symbol
BROS
Transactions as of
May 16, 2023
Transactions value $
$0
Form type
4
Date filed
5/17/2023, 03:45 PM
Previous filing
Sep 15, 2021
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BROS Class A Common Stock Options Exercise $0 +1.39K $0.00 1.39K May 16, 2023 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 Award $0 +1.39K $0.00 1.39K May 16, 2023 Class A Common Stock 1.39K Direct F1, F2
transaction BROS Restricted Stock Units Options Exercise $0 -1.39K -100% $0.00* 0 May 16, 2023 Class A Common Stock 1.39K Direct F1, F2
transaction BROS Restricted Stock Units Award $0 +3.75K $0.00 3.75K May 16, 2023 Class A Common Stock 3.75K Direct F1, 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, 100% of which vested on May 16, 2023.
F3 The reporting person received an award of restricted stock units, 25% of which will vest on each of September 30, 2023, December 31, 2023, March 31, 2024, and the remaining 25% will vest on the earlier of (i) June 30, 2024, and (ii) the date of the Issuer's 2024 annual stockholder meeting.