Travis Boersma - Aug 19, 2024 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Signature
/s/ Thomas P. Conaghan, Attorney-in-Fact for Travis Boersma
Stock symbol
BROS
Transactions as of
Aug 19, 2024
Transactions value $
-$13,487,397
Form type
4
Date filed
8/21/2024, 12:41 PM
Previous filing
May 31, 2024
Next filing
Aug 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BROS Class A Common Stock Sale -$7.84M -248K -24.61% $31.57 761K Aug 19, 2024 By DM Trust Aggregator, LLC F1, F2
transaction BROS Class A Common Stock Sale -$360K -11.2K -1.48% $32.01 749K Aug 19, 2024 By DM Trust Aggregator, LLC F1, F3
transaction BROS Class A Common Stock Sale -$4.93M -156K -24.61% $31.57 478K Aug 19, 2024 By DM Individual Aggregator, LLC F4, F5
transaction BROS Class A Common Stock Sale -$356K -11.1K -2.33% $32.01 467K Aug 19, 2024 By DM Individual Aggregator, LLC F4, F6
* 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 $31.3100 to $32.1000 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 Represents the weighted average sale price. The 11,230 shares were sold in multiple transactions at prices ranging from $32.0000 to $32.0800 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.
F4 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.
F5 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $31.3000 to $32.1000 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.
F6 Represents the weighted average sale price. The 11,132 shares were sold in multiple transactions at prices ranging from $32.0000 to $32.0800 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.