Travis Boersma - 11 Mar 2024 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Signature
/s/ Thomas P. Conaghan, Attorney-in-Fact for Travis Boersma
Issuer symbol
BROS
Transactions as of
11 Mar 2024
Net transactions value
-$16,787,810
Form type
4
Filing time
13 Mar 2024, 16:46:34 UTC
Previous filing
06 Mar 2024
Next filing
14 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BROS Class A Common Stock Sale $2,762,102 -86,209 -5.4% $32.04 1,510,879 11 Mar 2024 By DM Trust Aggregator, LLC F1, F2
transaction BROS Class A Common Stock Sale $2,814,889 -87,856 -8.5% $32.04 945,748 11 Mar 2024 By DM Individual Aggregator, LLC F2, F3
transaction BROS Class A Common Stock Sale $3,347,905 -102,631 -6.8% $32.62 1,408,248 12 Mar 2024 By DM Trust Aggregator, LLC F1, F4
transaction BROS Class A Common Stock Sale $1,968,048 -59,506 -4.2% $33.07 1,348,742 12 Mar 2024 By DM Trust Aggregator, LLC F1, F5
transaction BROS Class A Common Stock Sale $2,217,191 -68,327 -7.2% $32.45 877,421 12 Mar 2024 By DM Individual Aggregator, LLC F3, F6
transaction BROS Class A Common Stock Sale $1,841,307 -54,035 -4% $34.08 1,294,707 12 Mar 2024 By DM Trust Aggregator, LLC F1, F7
transaction BROS Class A Common Stock Sale $1,836,368 -53,891 -6.1% $34.08 823,530 12 Mar 2024 By DM Individual Aggregator, LLC F3, 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 August 15, 2023.
F2 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $32.0000 to $32.2500 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 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 August 15, 2023.
F4 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $32.0000 to $32.9900 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 $33.0000 to $33.2200 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 $32.0000 to $32.9300 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 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $34.0000 to $34.2500 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.