Thomas J. Davis - 16 May 2023 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Role
Director
Signature
/s/ Joshua Lute, Attorney-in-Fact for Thomas J Davis
Issuer symbol
BROS
Transactions as of
16 May 2023
Net transactions value
$0
Form type
4
Filing time
17 May 2023, 15:54:31 UTC
Previous filing
03 Apr 2023
Next filing
03 Oct 2023
SEC
View on sec.gov

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 +33% $0.000000 2,509 16 May 2023 Direct
transaction BROS Class A Common Stock Options Exercise $0 +3,032 +121% $0.000000 5,541 16 May 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% $0.000000* 0 16 May 2023 Class A Common Stock 628 Direct F1, F2
transaction BROS Restricted Stock Units Award $0 +3,032 $0.000000 3,032 16 May 2023 Class A Common Stock 3,032 Direct F1, F3
transaction BROS Restricted Stock Units Options Exercise $0 -3,032 -100% $0.000000* 0 16 May 2023 Class A Common Stock 3,032 Direct F1, F3
transaction BROS Restricted Stock Units Award $0 +3,752 $0.000000 3,752 16 May 2023 Class A Common Stock 3,752 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.