Tana Davila - 01 Mar 2026 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Role: Chief Marketing Officer
Signature: /s/ Betsy Judd, Attorney-in-Fact for Tana Davila
Issuer symbol: BROS
Transactions as of: 01 Mar 2026
Net transactions value: -$81,755
Form type: 4
Filing time: 02 Mar 2026, 19:22:38 UTC
Previous filing: 24 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
DAVILA TANA	Chief Marketing Officer	C/O DUTCH BROS INC., 1930 W RIO SALADO PKWY, TEMPE	/s/ Betsy Judd, Attorney-in-Fact for Tana Davila	02 Mar 2026	0001981137

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BROS	Class A Common Stock	Options Exercise	$0	+5,617	+41%	$0.000000	19,221	01 Mar 2026	Direct
transaction	BROS	Class A Common Stock	Tax liability	$81,755	-1,525	-7.9%	$53.61	17,696	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	+8,393		$0.000000	8,393	01 Mar 2026	Class A Common Stock	8,393		Direct	F1, F2
transaction	BROS	Restricted Stock Units	Options Exercise	$0	-5,617	-50%	$0.000000	5,618	01 Mar 2026	Class A Common Stock	5,617		Direct	F1, F3

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