Travis Boersma - Feb 25, 2025 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Signature
/s/ Thomas P. Conaghan, Attorney-in-Fact for Travis Boersma
Stock symbol
BROS
Transactions as of
Feb 25, 2025
Transactions value $
-$63,799,523
Form type
4
Date filed
2/27/2025, 12:52 PM
Previous filing
Feb 25, 2025
Next filing
Feb 28, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BROS Class A Common Stock Sale -$12.9M -177K -4.22% $72.85 4.02M Feb 25, 2025 By DM Trust Aggregator, LLC F1, F2, F3
transaction BROS Class A Common Stock Sale -$3.17M -43.1K -1.07% $73.57 3.98M Feb 25, 2025 By DM Trust Aggregator, LLC F1, F3, F4
transaction BROS Class A Common Stock Sale -$1.08M -14.4K -0.36% $74.72 3.96M Feb 25, 2025 By DM Trust Aggregator, LLC F1, F3, F5
transaction BROS Class A Common Stock Sale -$32.5K -432 -0.01% $75.23 3.96M Feb 25, 2025 By DM Trust Aggregator, LLC F1, F3, F6
transaction BROS Class A Common Stock Sale -$8.11M -111K -4.22% $72.85 2.53M Feb 25, 2025 By DM Individual Aggregator, LLC F2, F3, F7
transaction BROS Class A Common Stock Sale -$1.99M -27.1K -1.07% $73.57 2.5M Feb 25, 2025 By DM Individual Aggregator, LLC F3, F4, F7
transaction BROS Class A Common Stock Sale -$679K -9.09K -0.36% $74.72 2.49M Feb 25, 2025 By DM Individual Aggregator, LLC F3, F5, F7
transaction BROS Class A Common Stock Sale -$20.5K -272 -0.01% $75.23 2.49M Feb 25, 2025 By DM Individual Aggregator, LLC F3, F6, F7
transaction BROS Class A Common Stock Sale -$4.21M -56.1K -1.42% $74.99 3.91M Feb 26, 2025 By DM Trust Aggregator, LLC F1, F3, F8
transaction BROS Class A Common Stock Sale -$8.28M -110K -2.81% $75.54 3.8M Feb 26, 2025 By DM Trust Aggregator, LLC F1, F3, F9
transaction BROS Class A Common Stock Sale -$9.49M -124K -3.26% $76.67 3.67M Feb 26, 2025 By DM Trust Aggregator, LLC F1, F3, F10
transaction BROS Class A Common Stock Sale -$2.65M -35.3K -1.42% $74.99 2.46M Feb 26, 2025 By DM Individual Aggregator, LLC F3, F7, F8
transaction BROS Class A Common Stock Sale -$5.21M -69K -2.81% $75.54 2.39M Feb 26, 2025 By DM Individual Aggregator, LLC F3, F7, F9
transaction BROS Class A Common Stock Sale -$5.97M -77.9K -3.26% $76.67 2.31M Feb 26, 2025 By DM Individual Aggregator, LLC F3, F7, F10
* 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 November 22, 2024.
F2 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $72.1600 to $73.1500 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 The Reporting Person is the manager of DM Trust Aggregator, LLC and DM Individual Aggregator, 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.
F4 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $73.1600 to $74.1500 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 $74.1800 to $75.1250 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 $75.2000 to $75.3000 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 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 November 22, 2024.
F8 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $74.2500 to $75.2450 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.
F9 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $75.2500 to $76.2400 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.
F10 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $76.2500 to $77.1500 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.