Travis Boersma - 22 Apr 2026 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Reporting relationship: Executive Chairman of Board, Director, 10%+ Owner
Issuer ticker: BROS
Reported as of: 22 Apr 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 24 Apr 2026, 17:12:58 UTC
Prior SEC filing: 26 Nov 2025
Next SEC filing: 29 Apr 2026
Source filing: View source filing
Reporting owner signature: /s/ Thomas P. Conaghan, Attorney-in-Fact for Travis Boersma

Key filing fact

Travis Boersma filed Form 4 for Dutch Bros Inc. (BROS) on 24 Apr 2026.

Key facts

This page summarizes Travis Boersma's Form 4 filing for Dutch Bros Inc. (BROS).
6 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 24 Apr 2026, 17:12.

Change

Previous filing in this sequence was filed on 26 Nov 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001883154 Primary reporting owner

Boersma Travis

Relationship: Executive Chairman of Board, Director, 10%+ Owner
Address: C/O DUTCH BROS INC., 1930 W RIO SALADO PKWY, TEMPE
Signature: /s/ Thomas P. Conaghan, Attorney-in-Fact for Travis Boersma
Signature date: 24 Apr 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BROS transaction

Class B Common Stock

Other

Transaction value
Shares: -19,318
Change %: -0.09%
Price: $0.000000^*
Shares after: 20,579,218
Date: 22 Apr 2026
Ownership: By DM Trust Aggregator, LLC
Footnotes: F1, F2

BROS transaction

Class B Common Stock

Other

Transaction value
Shares: -13,277
Change %: -0.09%
Price: $0.000000^*
Shares after: 14,143,857
Date: 22 Apr 2026
Ownership: By DM Individual Aggregator, LLC
Footnotes: F1, F2

BROS transaction

Class B Common Stock

Other

Transaction value
Shares: -427
Change %: -0.09%
Price: $0.000000^*
Shares after: 454,849
Date: 22 Apr 2026
Ownership: By DMI Holdco LLC
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BROS transaction Derivative

Class A Common Units

Other

Transaction value
Shares: -27,341
Change %: -0.09%
Price: $0.000000^*
Shares after: 29,125,560
Date: 22 Apr 2026
Ownership: By DM Trust Aggregator, LLC
Underlying class: Class A Common Stock
Underlying amount: 27,341
Exercise price
Footnotes: F1, F2, F3, F4

BROS transaction Derivative

Class A Common Units

Other

Transaction value
Shares: -17,195
Change %: -0.09%
Price: $0.000000^*
Shares after: 18,316,816
Date: 22 Apr 2026
Ownership: By DM Individual Aggregator, LLC
Underlying class: Class A Common Stock
Underlying amount: 17,195
Exercise price
Footnotes: F1, F2, F3, F4

BROS transaction Derivative

Class A Common Units

Other

Transaction value
Shares: -670
Change %: -0.09%
Price: $0.000000^*
Shares after: 713,090
Date: 22 Apr 2026
Ownership: By DMI Holdco LLC
Underlying class: Class A Common Stock
Underlying amount: 670
Exercise price
Footnotes: F1, F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents Class A Common Units of Dutch Mafia, the operating company of the Issuer.

Footnote F2

In accordance with the limited liability company agreement of Dutch Mafia, Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Certain Class A Common Units of Dutch Mafia are paired with an equal number of shares of Class B Common Stock of the Issuer ("Paired Units"). Upon the exchange of Paired Units for Class A Common Stock of the Issuer, the associated shares of Class B Common Stock are surrendered to and canceled by the Issuer. The Class A Common Units of Dutch Mafia and the Class B Common Stock of the Issuer do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.

Footnote F3

On April 22, 2026, the Class A Common Units of Dutch Mafia, LLC ("Dutch Mafia") were recapitalized through a reverse unit split, which resulted in the cancellation without consideration of 33,022 shares of the Issuer's Class B Common Stock, in accordance with the limited liability company agreement of Dutch Mafia (the "Recapitalization"). As a result of the Recapitalization, the Class A Common Units of Dutch Mafia beneficially owned by DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC were each reduced by 27,341 units, 17,195 units and 670 units, respectively, and the shares of Class B Common Stock of the Issuer beneficially owned by DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC were each reduced by 19,318 shares, 13,277 shares and 427 shares, respectively.

Footnote F4

The Reporting Person is the manager of DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco 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.