Joshua J. Guenser - 01 Mar 2025 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Role: Chief Financial Officer
Signature: /s/ Betsy Judd, Attorney-in-Fact for Joshua Guenser
Issuer symbol: BROS
Transactions as of: 01 Mar 2025
Net transactions value: -$609,928
Form type: 4
Filing time: 04 Mar 2025, 15:32:07 UTC
Previous filing: 24 Feb 2025
Next filing: 24 Feb 2026
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		+11,403			11,403	01 Mar 2025	Direct	F1
transaction	BROS	Class A Common Stock	Tax liability	$246,742	-3,117	-27%	$79.16	8,286	01 Mar 2025	Direct
transaction	BROS	Class A Common Stock	Options Exercise		+11,403	+138%		19,689	01 Mar 2025	Direct	F1
transaction	BROS	Class A Common Stock	Tax liability	$363,186	-4,588	-23%	$79.16	15,101	01 Mar 2025	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	-11,403	-33%	$0.000000	22,806	01 Mar 2025	Class A Common Stock	11,403		Direct	F1, F2
transaction	BROS	Restricted Stock Units	Options Exercise	$0	-11,403	-33%	$0.000000	22,806	01 Mar 2025	Class A Common Stock	11,403		Direct	F1, F2

* 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, 33.33% of which will vest on each of March 1, 2025, March 1, 2026, and March 1, 2027.