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

Role
Director
Signature
/s/ Joshua Lute, Attorney-in-Fact for Stephen Gillett
Stock symbol
BROS
Transactions as of
May 16, 2023
Transactions value $
$0
Form type
4
Date filed
5/17/2023, 03:52 PM
Previous filing
Apr 3, 2023
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 +628 +8.34% $0.00 8.16K May 16, 2023 Direct
transaction BROS Class A Common Stock Options Exercise $0 +1.77K +21.67% $0.00 9.93K 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 Options Exercise $0 -628 -100% $0.00* 0 May 16, 2023 Class A Common Stock 628 Direct F1, F2
transaction BROS Restricted Stock Units Award $0 +1.77K $0.00 1.77K May 16, 2023 Class A Common Stock 1.77K Direct F1, F3
transaction BROS Restricted Stock Units Options Exercise $0 -1.77K -100% $0.00* 0 May 16, 2023 Class A Common Stock 1.77K Direct F1, F3
transaction BROS Restricted Stock Units Award $0 +3.75K $0.00 3.75K May 16, 2023 Class A Common Stock 3.75K Direct F1, F4
* 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, 25% of which vested on each of September 30, 2022, December 31, 2022, March 31, 2023 and the date of the Issuer's 2023 annual stockholder meeting, which occurred on May 16, 2023.
F3 The reporting person received an award of restricted stock units, 100% of which vested on May 16, 2023.
F4 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.