Travis Boersma - Feb 10, 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
Stock symbol
BROS
Transactions as of
Feb 10, 2025
Transactions value $
$0
Form type
4
Date filed
2/12/2025, 06:04 PM
Previous filing
Feb 11, 2025
Next filing
Feb 25, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BROS Class A Common Stock Conversion of derivative security $0 +5.06M +32445.83% $0.00 5.08M Feb 10, 2025 By DM Trust Aggregator, LLC F1, F2
transaction BROS Class A Common Stock Conversion of derivative security $0 +3.19M +32445.82% $0.00 3.2M Feb 10, 2025 By DM Individual Aggregator, LLC F1, F2

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 Class A Common Units Conversion of derivative security $0 -5.06M -14.35% $0.00 30.2M Feb 10, 2025 Class A Common Stock 5.06M By DM Trust Aggregator, LLC F1, F2, F3
transaction BROS Class A Common Units Conversion of derivative security $0 -3.19M -14.35% $0.00 19M Feb 10, 2025 Class A Common Stock 3.19M By DM Individual Aggregator, LLC F1, F2, F3
holding BROS Class A Common Units 714K Feb 10, 2025 Class A Common Stock 714K By DMI Holdco LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the amended and restated limited liability company agreement of Dutch Mafia, LLC ("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. The Class A Common Units of Dutch Mafia do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.
F2 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.
F3 Represents Class A Common Units of Dutch Mafia, the operating company of the Issuer.