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Filing Details

Accession Number:: 0001866581-24-000172
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-05-20 15:43:22
Reporting Period:: 2024-05-16

Accepted Time:: 2024-05-20 15:43:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1866581	Dutch Bros Inc.	BROS	Retail-Eating & Drinking Places (5810)	871041305

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1883096	Dm Individual Aggregator, Llc	Po Box 398 Grants Pass OR 97526		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Disposition	2024-05-17	166,005	$36.79	1,093,270	No	4	S	Direct
Class A Common Stock	Disposition	2024-05-17	54,031	$37.41	1,039,239	No	4	S	Direct
Class B Common Stock	Disposition	2024-05-16	8,041,325	$0.00	14,163,460	No	4	J	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	J	Direct

Footnotes

As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 15, 2023.
Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $36.2500 to $37.2400 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.
Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $37.2500 to $37.7600 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.
Pursuant to that certain Share Surrender Agreement, dated May 16, 2024, by and among the Issuer, Dutch Mafia, LLC, DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC (the "Share Surrender Agreement"), DM Individual Aggregator, LLC surrendered and transferred to the Issuer for no consideration 8,041,325 shares of Class B Common Stock. Without any further action on the part of the Issuer, all shares of Class B Common Stock surrendered to the Issuer pursuant to the Share Surrender Agreement were automatically cancelled immediately following such surrender.