Victoria J. Tullett - 01 Mar 2026 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Role: Chief Legal Officer
Signature: /s/ Betsy Judd, Attorney-in-Fact for Victoria Tullett
Issuer symbol: BROS
Transactions as of: 01 Mar 2026
Net transactions value: -$285,634
Form type: 4
Filing time: 02 Mar 2026, 19:22:06 UTC
Previous filing: 24 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Tullett Victoria J	Chief Legal Officer	C/O DUTCH BROS INC., 1930 W RIO SALADO PKWY, TEMPE	/s/ Betsy Judd, Attorney-in-Fact for Victoria Tullett	02 Mar 2026	0001606719

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BROS	Class A Common Stock	Options Exercise	$0	+7,033	+45%	$0.000000	22,568	01 Mar 2026	Direct
transaction	BROS	Class A Common Stock	Tax liability	$101,269	-1,889	-8.4%	$53.61	20,679	01 Mar 2026	Direct
transaction	BROS	Class A Common Stock	Options Exercise	$0	+8,988	+43%	$0.000000	29,667	01 Mar 2026	Direct
transaction	BROS	Class A Common Stock	Tax liability	$184,365	-3,439	-12%	$53.61	26,228	01 Mar 2026	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	Award	$0	+5,595		$0.000000	5,595	01 Mar 2026	Class A Common Stock	5,595		Direct	F1, F2
transaction	BROS	Restricted Stock Units	Options Exercise	$0	-7,033	-100%	$0.000000	0	01 Mar 2026	Class A Common Stock	7,033		Direct	F1, F3
transaction	BROS	Restricted Stock Units	Options Exercise	$0	-8,988	-50%	$0.000000	8,988	01 Mar 2026	Class A Common Stock	8,988		Direct	F1, F4

* 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 February 20, 2027, February 20, 2028, and February 20, 2029.
F3	The reporting person received an award of restricted stock units, 50% of which will vest on each of March 1, 2025 and March 1, 2026.
F4	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.