SEC Form 4 · accession 0001866581-26-000125
Dutch Bros Inc. · BROS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Travis Boersma
Officer — Executive Chairman of Board · Director · 10% Owner
Period of report
Jun 10, 2026
Accepted (ET)
Jun 12, 2026 · 12:59 pm EDT
Rule 10b5-1 plan
yes — trade under a plan
Issuer CIK
0001866581
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2,F3 | Jun 10, 2026 | S | 461,532 | $60.3528 | D | 5,030,988 | I | By DM Trust Aggregator, LLC |
| Class A Common StockF4,F3 | Jun 10, 2026 | S | 27,413 | $61.0797 | D | 5,003,575 | I | By DM Trust Aggregator, LLC |
| Class A Common StockF5,F3 | Jun 11, 2026 | S | 233,690 | $62.4706 | D | 4,769,885 | I | By DM Trust Aggregator, LLC |
| Class A Common StockF6,F3 | Jun 11, 2026 | S | 226,120 | $63.457 | D | 4,543,765 | I | By DM Trust Aggregator, LLC |
| Class A Common StockF7,F3 | Jun 11, 2026 | S | 29,135 | $64.1045 | D | 4,514,630 | I | By DM Trust Aggregator, LLC |
| Class A Common StockF2,F3 | Jun 10, 2026 | S | 247,456 | $60.3362 | D | 2,685,453 | I | By DM Individual Aggregator, LLC |
| Class A Common StockF4,F3 | Jun 10, 2026 | S | 13,598 | $61.0797 | D | 2,671,855 | I | By DM Individual Aggregator, LLC |
| Class A Common StockF5,F3 | Jun 11, 2026 | S | 124,771 | $62.4706 | D | 2,547,084 | I | By DM Individual Aggregator, LLC |
| Class A Common StockF6,F3 | Jun 11, 2026 | S | 120,729 | $63.457 | D | 2,426,355 | I | By DM Individual Aggregator, LLC |
| Class A Common StockF7,F3 | Jun 11, 2026 | S | 15,555 | $64.1045 | D | 2,410,800 | I | By DM Individual Aggregator, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As 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 February 19, 2026.
- F2Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $60.0000 to $60.9900 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.
- F3The 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
- F4Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $61.0000 to $61.3000 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.
- F5Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $62.0000 to $62.9900 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.
- F6Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $63.0000 to $63.9900 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.
- F7Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $64.0000 to $64.2300 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.
- F8As 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 February 19, 2026.