Thomas J. Davis - 14 May 2024 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: 14 May 2024
Net transactions value: $0
Form type: 4
Filing time: 15 May 2024, 12:13:00 UTC
Previous filing: 02 Apr 2024
Next filing: 01 Oct 2024
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	+938	+11%	$0.000000	9,293	14 May 2024	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	-938	-100%	$0.000000^*	0	14 May 2024	Class A Common Stock	938		Direct	F1, F2
transaction	BROS	Restricted Stock Units	Award	$0	+3,049		$0.000000	3,049	14 May 2024	Class A Common Stock	3,049		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2	The reporting person received an award of restricted stock units, 25% of which vested on each of September 30, 2023, December 31, 2023, March 31, 2024, and the date of the Issuer's 2024 annual stockholder meeting, which occurred on May 14, 2024.
F3	The reporting person received an award of restricted stock units, 25% of which will vest on each of September 30, 2024, December 31, 2024, March 31, 2025 and the remaining 25% will vest on the earlier of (i) June 30, 2025, and (ii) the date of the Issuer's 2025 annual stockholder meeting.