Tana Davila - Mar 1, 2025 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Role: Chief Marketing Officer
Signature: /s/ Betsy Judd, Attorney-in-Fact for Tana Davila
Stock symbol: BROS
Transactions as of: Mar 1, 2025
Transactions value $: -$123,965
Form type: 4
Date filed: 3/4/2025, 03:31 PM
Previous filing: Feb 24, 2025
Next filing: Jul 3, 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	Options Exercise		+5.62K			5.62K	Mar 1, 2025	Direct	F1
transaction	BROS	Class A Common Stock	Tax liability	-$124K	-1.57K	-27.88%	$79.16	4.05K	Mar 1, 2025	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	Options Exercise	$0	-5.62K	-33.33%	$0.00	11.2K	Mar 1, 2025	Class A Common Stock	5.62K		Direct	F1, F2

* 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 March 1, 2025, March 1, 2026, and March 1, 2027.