Travis Boersma - 25 Aug 2025 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
Issuer symbol
BROS
Transactions as of
25 Aug 2025
Net transactions value
-$54,305,208
Form type
4
Filing time
26 Aug 2025, 15:58:33 UTC
Previous filing
25 Aug 2025
Next filing
26 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Boersma Travis Executive Chairman of Board, Director, 10%+ Owner C/O DUTCH BROS INC., 1930 W RIO SALADO PKWY, TEMPE /s/ Thomas P. Conaghan, Attorney-in-Fact for Travis Boersma 26 Aug 2025 0001883154

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BROS Class A Common Stock Sale $166,025 -2,517 -0.12% $65.96 2,031,447 25 Aug 2025 By DM Trust Aggregator, LLC F1, F2, F3
transaction BROS Class A Common Stock Sale $3,803,418 -56,022 -2.8% $67.89 1,975,425 25 Aug 2025 By DM Trust Aggregator, LLC F1, F3, F4
transaction BROS Class A Common Stock Sale $11,963,345 -174,916 -8.9% $68.39 1,800,509 25 Aug 2025 By DM Trust Aggregator, LLC F1, F3, F5
transaction BROS Class A Common Stock Sale $17,405,914 -250,113 -14% $69.59 1,550,396 25 Aug 2025 By DM Trust Aggregator, LLC F1, F3, F6
transaction BROS Class A Common Stock Sale $104,416 -1,583 -0.12% $65.96 1,277,561 25 Aug 2025 By DM Individual Aggregator, LLC F2, F3, F7
transaction BROS Class A Common Stock Sale $2,391,953 -35,232 -2.8% $67.89 1,242,329 25 Aug 2025 By DM Individual Aggregator, LLC F3, F4, F7
transaction BROS Class A Common Stock Sale $7,523,702 -110,004 -8.9% $68.39 1,132,325 25 Aug 2025 By DM Individual Aggregator, LLC F3, F5, F7
transaction BROS Class A Common Stock Sale $10,946,436 -157,294 -14% $69.59 975,031 25 Aug 2025 By DM Individual Aggregator, LLC F3, F6, F7
* 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 November 22, 2024.
F2 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $65.7400 to $66.7100 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 The Reporting Person is the manager of DM Trust Aggregator, LLC and DM Individual Aggregator, LLC (the "DM Trusts"). Multiple members hold ownership interests in the DM Trusts, including the Reporting Person. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, if any, and the inclusion of the reported securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or any other purpose.
F4 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $67.0500 to $68.0400 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.
F5 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $68.0500 to $69.0200 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. These shares were sold in multiple transactions at prices ranging from $69.0500 to $69.9200 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.
F7 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 November 22, 2024.