Travis Boersma - May 29, 2024 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Role
Executive Chairman of Board, Director, 10%+ Owner
Signature
/s/ Thomas P. Conaghan, Attorney-in-Fact for Travis Boersma
Stock symbol
BROS
Transactions as of
May 29, 2024
Transactions value $
-$9,586,144
Form type
4
Date filed
5/31/2024, 12:37 PM
Previous filing
May 24, 2024
Next filing
Aug 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BROS Class A Common Stock Sale -$8.99M -248K -19.75% $36.21 1.01M May 29, 2024 By DM Trust Aggregator, LLC F1, F2
transaction BROS Class A Common Stock Sale -$593K -16.5K -2.53% $36.02 635K May 29, 2024 By DM Individual Aggregator, LLC F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by DM Trust Aggregator, LLC on August 15, 2023.
F2 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $36 to $36.42 inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by DM Individual Aggregator, LLC on August 15, 2023.
F4 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $36 to $36.09 inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.